Editor's Note: In the opinion section of last week’s Crypto and Stock Market Indicator, we predicted that the crypto market might see a turning point in late September. However, the reflexivity of the market once again highlights its charm moment. Thanks to favorable regulatory news from the US government, positive statements and policies from Trump, the crypto market surged and has entered a persistent bull market that has lasted a week, with BTC exceeding $81,000 at one point and ETH surpassing $2,500. As a result of this trend, many crypto concept stocks have seen significant rebounds, particularly stocks like Strategy, Bitmine, and Circle, which have performed exceptionally well. More low point rebound data statistics are available for recommended reading“BTC Returns to $80,000, Crypto Concept Stocks Finally Stand Tall”.
On another front, the stock markets in Japan and South Korea are still in a phase of price correction; the storage sector of the US stock market is also in a period of stagnation, and the rise of AI concept stocks has significantly slowed down. According to the macroeconomic account The Kobeissi Letter reported, last week, hedge funds recorded the largest weekly net sell-off of US stocks since the “Liberation Day” week in April 2025, ending three consecutive weeks of net buying; among which, individual stocks accounted for about 53% of total sell-off volume, with 9 out of 11 sectors experiencing net sell-offs, mainly concentrated in information technology, industrials, utilities, healthcare, and materials. Meanwhile, index futures and ETF macro products accounted for about 47% of total sales. Additionally, hedge funds slightly increased their short positions in US-listed ETFs, ending six consecutive weeks of short covering, indicating that hedge funds are clearly reducing their long exposure in US stocks.
On another side, internet economist Fu Peng recently expressed his views, pointing out that the market is currently in a vacuum period of falsification of AI (viable commercial closed-loop). The market's exuberance is cooling off, shifting from the logic of “reward for capital expenditure arms race” to “punishment for capital expenditure arms race”. In this environment, the previous penalty on Google's free cash flow and the shift towards Apple in the US stocks is a typical switch, and similar events are unfolding among Chinese internet giants.
J. P. Morgan strategist Jason Hunter pointed out that the current AI trading craze bears similarities to the tech stock bubble of 1999 to 2000, with market positions overly concentrated in the tech sector, which may increase the risk of adjustments. In addition, consistently rising US Treasury yields, geopolitical tensions in the Middle East, and a slowdown in consumer spending have also been identified by J.P. Morgan as potential sources of market pressure. From this perspective, the upcoming September may not be optimistic for the US stock market.
For more information on the crypto stock market, please visitMSX.COM. (Odaily Planet Daily Note: The content of this article does not constitute investment advice, but is for learning and communication purposes only)
Weekly Update on Crypto Stocks of Listed Companies
BTC Treasury Listed Company Representative Enterprises
According to SoSoValue data, as of 8:00 AM Eastern Time on August 24, 2026, the total net buying of Bitcoin by globally listed companies (excluding mining companies) last week amounted to $81.48 million, an increase of 1,431.6% compared to the previous week.
Last week, Strategy neither bought nor sold Bitcoin but sold 18,261,118 shares of MSTR common stock, generating $2.007 billion.
The Japanese-listed company Metaplanet did not purchase Bitcoin last week, marking six consecutive weeks without purchases.
Additionally, two other companies announced Bitcoin purchases last week. Asset management company Strive announced on August 24 that it spent $81.48 million last week to purchase 1,110 Bitcoin at a price of $73,409, bringing its total holding to approximately 21,356 coins; Ethereum asset company Bitmine announced on August 24 that it purchased 1 Bitcoin, without disclosing the specific purchase amount, bringing its total holding to 210 coins.
Moreover, Boya Interactive announced on August 20 that it spent $7.35 million in Q2 2026 to purchase 108 Bitcoin at a price of approximately $68,047, increasing its total holding to 4,201 coins by June 30, 2026.
As of the time of writing, the total quantity of Bitcoin held by globally listed companies (excluding mining companies) is 1,140,751 coins, which is an increase of 0.1% compared to the previous week, with a current market value of approximately $8.952 billion, accounting for 5.7% of Bitcoin’s circulating market value.
Strategy holds 840,447 Bitcoin, with a book profit of approximately $2.53 billion
Bitcoin treasury company Strategy holds 840,447 Bitcoin, with an average purchase price of $75,385. After Bitcoin prices rose for five consecutive days and surpassed $78,000, this holding returned to profit for the first time since July.
At the Bitcoin price of $78,400, the value of this holding is approximately $65.89 billion, with a book profit of about $2.53 billion from the invested $63.36 billion, yielding a return of approximately 4%. In the past six weeks, the value of this holding has changed by about $15.5 billion.
Since May, Strategy has sold 6,948 Bitcoin, generating cash of approximately $432.5 million; during the same period, the company has raised $334 million through selling MSTR stock and used the funds for preferred stock dividends, STRC buybacks, and dollar reserves, which currently total $6.7 billion.
Strive CEO: The Bitcoin bull market has just begun, and the company will remain all-in
Strive CEO Matt Cole stated that February 19 marks the bottom of this round of bear market for ASST. Although the market sentiment toward the company was extremely pessimistic at that time, his conviction in Bitcoin and the firm's long-term strategy has not changed. During this period, senior executives and directors used their own funds to purchase ASST stock, and some directors who left the board have joined the company full-time. Strive stated that currently, ASST's stock price has risen significantly, and market sentiment is clearly warming, but the company's focus remains unchanged, believing that the Bitcoin bull market has just begun, and the company has established a capital structure around Bitcoin that can amplify its performance, stating that they are still "all-in" at present.
Bitcoin treasury company BSTR terminates merger plan with Cantor Equity Partners
Bitcoin treasury company BSTR Holdings announced that it has reached an agreement with Cantor Equity Partners to terminate the business merger agreement signed by both parties on July 16, 2025. The reason for the termination is that in the current market environment, the valuation of Bitcoin and publicly listed Bitcoin treasury companies has continued to come under pressure, leading to a mismatch in the capital market, restricting the amplification effect of financing tools such as convertible bonds and perpetual preferred stocks in Bitcoin treasury strategies. BSTR stated that it will continue to advance institutional-level Bitcoin asset management business once the market environment stabilizes.
Metaplanet's US subsidiary Super League first raises $2.3 million through ATM issuance
Super League is a Bitcoin treasury subsidiary established by Japan's Metaplanet in the United States. This financing is the company's first through ATM issuance since the related transaction was announced. Metaplanet is raising funds from capital markets on two continents.
ETH Treasury Listed Company Representative Enterprises
As of August 23 at 14:00 (Eastern Time), BitMine holds 5,847,611 ETH, accounting for approximately 4.8% of the total supply of Ethereum, with 32,447 ETH added last week. Its total crypto assets, cash, securities, and “Moonshot” investments approximate $14.9 billion, including $308 million in cash and securities, 210 Bitcoin, an estimated $180 million stake in Beast Industries, and approximately $89 million investment in Eightco Holdings. BitMine has staked 5,067,309 ETH, which is about 87% of its holdings, valued at approximately $12.4 billion, with an expected annualized staking income of about $330 million.
According to Bitmine's holding data on August 22, the company held a total of 5,815,164 ETH at that time, with an average cost price of $3,366. Based on ETH's price of $2,436 at that time, its total holding had narrowed the unrealized loss to $5.408 billion.
Bitmine chairman Tom Lee stated that Bitmine's historical contribution lies in helping Ethereum maintain its status as the most important public chain. He stated that Ethereum's market cap overtaking Bitcoin is a "very credible claim," and that when Ethereum prices reach $50,000, $100,000, or $200,000, it will bring "legendary" returns to shareholders.
$91 million, SharpLink Gaming again stakes 39,300 ETH
On August 21, according to monitoring by Lookonchain, SharpLink Gaming (@Sharplink) staked 39,300 ETH again four hours ago, valued at $91 million.
SOL Treasury Listed Company Representative Enterprises
NASDAQ-listed Solana treasury company Solmate Infrastructure announced today that it has increased its holdings by 1,000 SOL, bringing its total SOL holdings to about 1.25 million coins, with an estimated market value of about $102.2 million. In addition, Solmate clarified that although it has begun to venture into the AI infrastructure field, this strategic shift will not change its long-term layout regarding the Solana ecosystem.
Altcoin Treasury Listed Company Representative Enterprises
NASDAQ-listed company AIxCrypto plans to exit crypto assets and shift to robot leasing
AIxCrypto Holdings plans to orderly exit its crypto asset holdings and shift its focus to robot leasing business. As of June 30, the company held 46 Bitcoin, 616 Ethereum, 6,659 Solana, 1,308 BNB, and small amounts of ADA, LINK, TRX, USDT, and XRP, with a total cost basis of $10.43 million and a fair value of $5.21 million. The company consumed $7.94 million in operating cash in the first half of the year, with cumulative losses of $150 million and end-of-quarter cash at $577,000. The company did not perform any crypto asset transactions in the second quarter and stated that volatility, market depth, and custody restrictions could lead to a significant discrepancy between the actual liquidation value and the book value.
NASDAQ-listed company Eightco Holdings (NASDAQ: ORBS) announced that it has repurchased approximately 14 million shares of the company in the past two weeks. Currently, the company’s treasury assets are approximately $389 million.
According to the company's disclosed data, Eightco's current treasury mainly includes approximately 302 million WLD (Worldcoin) tokens, 16,278 Ethereum, about $90 million of indirect OpenAI equity exposure, and a stake in Beast Industries valued at about $18 million.
Eightco previously stated that it is building an asset allocation system around three major trends: artificial intelligence, digital identity, and creator economy. Among them, the WLD holdings are an important part of its digital identity strategy, as the number of WLD the company holds accounts for about 8% of the circulating supply, making it one of the larger holdings disclosed by institutions.
Stanley Druckenmiller, founder of Duquesne Family Office, purchased 4.1 million shares of high-performance computing company Bitdeer Technologies Group (BTDR) in the second quarter, with a holding value exceeding $64.7 million and an average purchase price of $12.26. The company produces cryptocurrency mining hardware and operates data centers in the US and other regions.
Additionally, Druckenmiller bought 2.9 million shares of HYPE sector digital asset treasury company Hyperliquid Strategies (PURR), with a holding value of $23.1 million, indirectly acquiring HYPE exposure. Hyperliquid Strategies aims to provide investment channels related to HYPE tokens for US and institutional investors.
Druckenmiller's actions are similar to those of Jane Street and Citadel, which also increased their BTDR holdings during the same period; Jane Street currently holds BTDR shares worth over $112 million. BlackRock, State Street, and Citadel also increased their PURR stakes in the second quarter; HYPE had previously reached an all-time high due to related compliance progress news.
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