Original | Odaily Planet Daily (@OdailyChina)
Author | Wenser (@wenser 2010 )
The crypto market continues to rebound, with BTC returning above 80,000 USD after more than a hundred days, having risen nearly 30% in the past week, completely igniting bullish sentiment.
At the same time, crypto concept stocks, which have been in a downward trend for several months, have collectively surged, sweeping away the gloom and re-establishing their stance on the US stock stage. Companies like Strategy, Coinbase, Circle, Robinhood, Bitmine, and Sharplink, associated with DAT financial vaults, crypto exchanges, and brokerage platforms, have all seen significant rebounds compared to the lows of recent months, becoming the star attractions of this market round. Odaily Planet Daily will inventory the representative crypto concept stocks that performed best during the rebound in this article for readers' reference.
Strategy: MSTR has rebounded nearly 50% from its low in the past year
Last week, as BTC approached 70,000 USD and massive short positions emerged, US crypto concept stocks collectively rallied, with Strategy (MSTR) showing the strongest rebound, rising as much as 12.68% to 104.25 USD.
As of the time of writing, the pre-market price of Strategy (MSTR) is reported at 122.63 USD, with a 5-day increase of up to 28.13%. Compared to the low price of around 82 USD within the past year (52 weeks), the overall rebound increase is as high as 49.5%.
It is worth mentioning that the low-price period of Strategy (MSTR) coincided with a peak of strong skepticism in the market about Strategy's coin-hoarding model and the STRC dividend model, specifically in late June. Since then, Strategy has vigorously raised funds over the past three months through various operations such as financing and selling shares to cope with dividend payments. Recently, the STRC price has also gradually re-anchored around 100 USD, currently reported at 97.21 USD, yielding a 29.6% increase compared to the historical low of around 75 USD, coupled with an approximate 12% dividend yield, making the returns quite substantial.
MSTR price trend
Bitmine: BMNR has rebounded 88.6% from its low in the past year
The Ethereum treasury company Bitmine recently stated that it has become the company with the highest correlation to the price of Ethereum (ETH) among large listed companies in the US, with BMNR’s price trend correlated with ETH exceeding that of other crypto concept stocks; the second is the crypto trading platform Coinbase (COIN).
On August 20, during a continued warm market for BTC and ETH, BitMine (BMNR) rose as much as 10.72% to 20.24 USD.
As of the time of writing, BMNR is reported at 24.14 USD, with a 5-day increase of 31.48%. Compared to the low price of 12.8 USD in the past year (52 weeks), the overall rebound is about 88.6%.
As the largest publicly listed company holding ETH in the current market, Bitmine has a total holding of 5.8476 million ETH, accounting for approximately 4.8% of the total supply of Ethereum. Furthermore, its combined crypto assets, cash, securities, and "Moonshot" investments amount to about 14.9 billion USD, which includes 308 million USD in cash and securities, 210 BTC, worth 180 million USD in Beast Industries equity, and an investment of 89 million USD in Eightco Holdings. Currently, BitMine has staked 5,067,309 ETH, accounting for about 87% of its holdings, worth approximately 12.4 billion USD, with an expected annualized staking income of about 330 million USD.
BMNR price trend
Coinbase: COIN has rebounded 29% from its low in the past year
On August 20, when crypto concept stocks rallied, Coinbase (COIN), often regarded as a representative stock of the crypto market, saw its price bounce 9.05% to 159.47 USD.
Before companies like Strategy and Bitmine, Coinbase, due to its unique status as a US cryptocurrency exchange, was seen as the "first stock in the cryptocurrency concept," thus receiving continuous bets from institutions including Ark Invest. However, with the listings of exchanges like Bullish and Gemini, Coinbase's unique value has been somewhat diluted. Additionally, its market share and trading volume have been contracting within the entire crypto industry, putting continued pressure on its stock price.
As of the time of writing, COIN is reported at 179.48 USD, with a 5-day increase of 21.27%. Compared to the low price of 139 USD in the past year (52 weeks), the overall rebound is about 29%.
COIN price trend
Circle: CRCL has rebounded 75.5% from its low in the past year
On August 20, when crypto concept stocks rallied, Circle (CRCL), listed as the "first stock of stablecoins," saw its price rise 9.56% to 78.59 USD. In the following days, thanks to favorable news from the CLARITY Act, Circle (CRCL) saw its price soar, rebounding to around 92 USD.
As of the time of writing, CRCL is reported at 87.72 USD, with a 5-day increase of 20.44%. Compared to the low price of around 50 USD in the past year (52 weeks), the overall rebound is about 75.5%.
CRCL price trend
Sharplink: SBET has rebounded 83.7% from its low in the past year
As the "second dragon" among Ethereum DAT listed companies, Sharplink's stock price has also performed brilliantly in this round of strong rebound.
As of August 3, Sharplink's ETH holdings increased to approximately 889,000 coins, with crypto assets valued at about 1.4 billion USD according to GAAP. Notably, Sharplink's revenue in the second quarter rose to 11.5 million USD, but it still posted a net loss of 394 million USD; in contrast, the loss for the same period last year was 103 million USD. The 394 million USD loss includes 321 million USD in unrealized crypto asset losses and a 76 million USD impairment on staked ETH.
As of the time of writing, SBET is reported at 8.27 USD, with a 5-day increase of 30.24%. Compared to the low price of approximately 4.5 USD in the past year (52 weeks), the overall rebound is about 83.7%.
SBET price trend
Robinhood: HOOD has rebounded 63.2% from its low in the past year
Compared to other DAT treasury companies, crypto exchanges, and top stablecoin stocks, Robinhood's cryptocurrency attributes are not very strong, but over the past two years, its positioning in the prediction market, the rise in cryptocurrency trading volume, and the recent launch of Robinhood Chain with its ecosystem's on-chain native Meme coin have made its identification as a "cryptocurrency concept stock" indisputable.
Notably, Robinhood's Q2 financial report data previously released showed strong performance; net revenue reached 1.308 billion USD in Q2, a year-on-year increase of 32%, setting a historical record; net profit attributable to Robinhood common stockholders reached 561 million USD, up 45% year-on-year; diluted earnings per share (EPS) were 0.62 USD, exceeding the market expectation of 0.42 USD. Additionally, 13 of its business lines had annualized revenues exceeding 100 million USD, and the "super financial APP" is gradually progressing from target to reality. The previous launch of the Meme coin CashCat was also seen as an important complement to the "trading platform + public chain + Meme coin" strategy; based on current operational data, Robinhood's subsequent business revenue performance may continue to set new highs. Recommended readings: "13 business lines with annualized revenues over 100 million, Robinhood is moving towards a 'super financial App'", "Robinhood launches CashCat, the next Meme coin factory is ready".
As of the time of writing, HOOD is reported at 103.62 USD, with a 5-day increase of 11.1%. Compared to the low price of approximately 63.5 USD in the past year (52 weeks), the overall rebound is about 63.2%.
HOOD price trend
Bullish: BLSH has rebounded 45.8% from its low in the past year
As a crypto exchange that went public in August last year, Bullish's stock price performance is also average, but due to its position as a compliant operational exchange in the US, it remains favored by influential figures in the crypto industry, such as Cathie Wood.
On August 13, Bullish announced its Q2 financial performance data, with digital asset sales in Q2 reaching 32.6 billion USD, down from 58.6 billion USD during the same period last year; net loss was 280 million USD, while net profit last year during the same period was 108.3 million USD, corresponding to a diluted loss of 1.78 USD per share.
However, the core business of the company showed slight improvement: adjusted revenue for the second quarter (non-IFRS) reached 92.6 million USD, a year-on-year increase of 62%, exceeding last year's 57 million USD; with subscription, service, and other revenues reaching a record 62.7 million USD. Adjusted trading revenue was 29.9 million USD, up 24% year-on-year; adjusted EBITDA was 29.5 million USD, compared to 8.1 million USD in the same period last year; adjusted net profit was 14.3 million USD, compared to a loss of 6 million USD in the same period last year.
As of the time of writing, BLSH is reported at 30.61 USD, with a 5-day increase of approximately 24.18%. Compared to the low price of 21 USD in the past year (52 weeks), the overall rebound is about 45.8%.
BLSH price trend
Hyperliquid Strategies: PURR has rebounded nearly 255% from its low in the past year
Among the crypto concept stocks with strong rebound momentum in this round, Hyperliquid Strategies (PURR) is a relatively unique stock. Thanks to the impressive performance of Hyperliquid and the HYPE token during the market downturn, PURR has charted its own independent trend.
Additionally, according to previous 13F disclosure filings for Q2, numerous investment funds, family offices, and investment institutions have actively or passively bought PURR shares, positioning themselves in the Hyperliquid ecosystem and the "compliant entry of a US on-chain Perp DEX platform," coupled with recent heightened attention from US regulatory authorities towards Hyperliquid, leading to continuous price increases for PURR. For more details, recommended reading "From hedge funds to family offices, who is quietly increasing their HYPE exposure through PURR?"
As of the time of writing, PURR is reported at 10.64 USD, with a 5-day increase of approximately 52.87%. Compared to the low price of 3 USD in the past year (52 weeks), the overall rebound is about 254.6%.
PURR price trend
Conclusion: Leading strategies are always the best choice
From the performance of the above crypto concept stocks, we can find some basic patterns based on the timing of price lows and the rebound strength:
First, buying leading concept stocks at low points is always the best choice. Just like many investment institutions, their selected targets usually only range within 3-5 leading stocks, including Strategy, Bitmine, and Circle;
Second, the low prices of Strategy, Bitmine, Sharplink, Bullish, and other crypto concept stocks in the past year almost all appeared around June 25-26, marking a temporary market bottom; prices of crypto concept stocks like Coinbase, Circle, and Robinhood, which are less affected by price fluctuations in BTC and ETH, reached their lows around February of this year, when market panic sentiment once peaked. There is also some mutual reference value among these stocks;
Third, although the recent market index has rebounded significantly, with BTC rising nearly 30% in a single week and ETH over 30%, many crypto concept stocks' prices still have a significant gap from their recent highs, with several stocks falling more than 50% or even over 100%, which also indirectly indicates that the market is still some distance from returning to its highs;
Finally, from the perspective of surpassing cycles or the project’s profitability, PURR has the largest rebound strength and percentage; Robinhood also shows decent rebound strength, worthy of long-term attention.
Additionally, from the price repair extent of BTC and ETH, to some extent, many crypto concept stocks play the role of "BTC and ETH leveraged concept stocks." The market eliminates the weak, and those crypto concept stocks still in play are already the cream of the crop.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
