According to TechFlame, according to Cointelegraph, Galaxy Digital CEO Mike Novogratz said that the craze for companies to allocate crypto assets as reserves has reached its peak. He believes that future growth will come from continued investment from existing participants and long-term ecological integration rather than the entry of new institutions. Novogratz's statement comes at a time when July data shows that institutions have increased their holdings by 166,000 bitcoins, with a total holding value of 42.8 billion US dollars.