Editor's note: After a brief strong rebound, the cryptocurrency market once again fell to the range of $76,000 to $79,000. As a result, cryptocurrency concept stocks broadly declined, with leading DAT stocks like Strategy and Bitmine nearly wiping out nearly a month of gains. In addition, accompanied by various events and potential news of the Federal Reserve's interest rate hikes, the South Korean financial and U.S. stock markets have also experienced slight pullbacks recently. Compared to the optimistic information mentioned in last week's "Cryptocurrency Stock Indicator", recent negative news including the U.S.-Iran situation and the ascendance of Walsh has followed in quick succession, and in the short term, the cryptocurrency stock sector may still depend on news from SpaceX's IPO or Anthropic financing for stimulation. On the policy front, noteworthy news is that the U.S. SEC is expected to introduce a regulatory framework for tokenized stocks as early as this week, and on-chain securities may enter another explosive period.
More information on cryptocurrency stock markets can be found onMSX.com.
U.S. stock pullback risk surges, financial giants bet on chip sector
Morgan Stanley: Significant pullback risk in U.S. stocks surges, 10-year U.S. Treasury yield surpasses 4.5%
The "warning line" for U.S. stocks defined by Morgan Stanley has been breached. The firm’s Chief Investment Officer and well-known Wall Street bull Michael Wilson warned that if U.S. Treasury yields continue to rise and volatility increases, the U.S. stock market will face its "first significant pullback since the end of March." Michael Wilson stated: "If long-term yields rise along with bond volatility, we expect the stock market to see its first significant pullback since bottoming at the end of March." Previously, Morgan Stanley marked the 4.5% level for the 10-year U.S. Treasury yield as the "critical point where yields could pose a more apparent resistance to stock market valuations."
Buffett and Ray Dalio's Q1 position dynamics: betting on chip infrastructure, reducing holdings in software stocks, rising concentration
According to Berkshire Hathaway's Q1 position report (13F), Berkshire increased holdings in stocks like Alphabet (GOOGL.O) and The New York Times, including an increase of over 36 million shares in Alphabet, with its holding proportion rising from 2.04% to 5.93%; liquidated positions in Amazon (AMZN.O), Visa (V.N), Mastercard (MA.N), UnitedHealth (UNH.N), among others; reduced holdings in Chevron (CVX.N), Bank of America (BAC.N), etc.; established a new position in Delta Airlines (DAL.N), buying 39.8 million shares with a market value of about $2.65 billion. Overall, Berkshire's stock position in U.S. stocks as of Q1 was valued at $26.3 billion, down from $27.4 billion in the previous quarter. The firm bought about $16 billion in stocks and sold about $24 billion, resulting in a net sell of about $8.15 billion, with the number of holdings dropping sharply from 42 to 29, increasing concentration significantly.
The world's largest hedge fund, Bridgewater, released its Q1 position report for U.S. stocks as of the end of March this year. The report showed that Bridgewater established new positions in 214 stocks, increased holdings in 292 stocks, liquidated 261 stocks, and reduced holdings in 487 stocks; it significantly increased holdings in chip stocks like Nvidia, Broadcom, and Micron Technology, liquidating positions in enterprise software stocks like Salesforce and ServiceNow, and reducing positions in Adobe. By the end of Q1, Bridgewater's U.S. stock holding value stood at $22.4 billion, down from $27.4 billion in the previous quarter. Specifically, Bridgewater increased holdings of 827,800 shares of Nvidia, with the holding proportion rising from 2.63% at the end of last year to 3.65%; increased holdings of 670,000 shares of Broadcom, with the holding percentage rising from 1.47% to 2.54%; increased holdings of 586,000 shares of Micron Technology, with the holding proportion rising from 0.93% to 2.23%. Moreover, Bridgewater first established a position in TSMC with 1,077,000 shares, which accounted for 1.62% of its portfolio by the end of Q1.
Weekly updates on cryptocurrency listed companies
Representative companies in the BTC treasury listed companies
According to SoSoValue data, as of 8 AM ET on May 18, 2026, the total net purchases of Bitcoin by global listed companies (excluding mining companies) for the week reached $2.03 billion, an increase of 4,403.11% compared to the previous week.
Strategy (formerly MicroStrategy) announced an investment of $2.01 billion (an increase of 4,574.4% from the previous week) to purchase 24,869 Bitcoins at a price of $80,985, bringing its total holdings to 843,738 Bitcoins.
The Japanese listed company Metaplanet did not purchase Bitcoin last week.
Additionally, four other companies purchased Bitcoin last week. The asset management company Strive announced on May 12 that it bought 9 Bitcoins without revealing the specific expenditure, bringing its total holdings to 15,009 Bitcoins; the British Bitcoin company The Smarter Web Company announced on May 12 and May 15 that it invested $2.84 million to buy 25 Bitcoins at $81,592.67 and 10 Bitcoins at $79,662, bringing its total holdings to 2,840 Bitcoins; the French Bitcoin company Capital B announced on May 18 that it invested $15.02 million to buy 192 Bitcoins at $78,205.4, increasing its total holdings to 3,135 Bitcoins; the Brazilian Bitcoin company OrangeBTC announced on May 18 that it invested $390,900 to buy 5 Bitcoins at $78,180, raising its total holdings to 3,737 Bitcoins.
As of press time, the total amount of Bitcoin held by the global listed companies (excluding mining companies) is 1,113,841 Bitcoins, which is an increase of 2.37% compared to the previous week, with a current market value of approximately $8.616 billion, accounting for 5.6% of Bitcoin's circulating market value.
Strive Q1 increased holdings of 6,001 Bitcoins, with a net loss of $265.9 million
The Bitcoin treasury company Strive announced its financial report for Q1 2026 and stated that starting from June 16, 2026, its SATA preferred stock will change to daily dividends on business days, with an annualized dividend rate of 13%. As of May 12, 2026, Strive's Bitcoin reserves had reached 15,009 coins, including about 5,048 Bitcoins obtained through the acquisition of Semler Scientific; the company added 6,001 Bitcoins during Q1 2026 and acquired an additional 1,381 Bitcoins during Q2 up to May 12. The financial report shows that Strive's Q1 GAAP net loss was $265.9 million, of which about $295.8 million in losses was related to the decline in the fair value of Bitcoin holdings.
Representative companies in the ETH treasury listed companies
Bitmine purchased 71,672 ETH over the past week
Over the past week, Bitmine bought a total of 71,672 ETH. Bitmine currently holds 5,278,462 ETH, valued at $11.56 billion, accounting for 4.37% of the total ETH supply. Its holdings also include 202 Bitcoins, as well as $200 million in Beast Industries shares, $83 million in Eightco Holdings shares, and $685 million in cash.
Additionally, Bitmine has staked 4,712,917 ETH, valued at $1.03 billion, with an annualized staking income of $289 million.
Sharplink CEO Joseph Chalom stated that Ethereum treasury companies are gradually deviating from the Strategy and Michael Saylor's model, focusing more on staking yields and simple balance sheets rather than relying on complex financing structures.
Chalom believes that Ethereum treasury companies can earn yields directly by holding ETH and therefore do not need to excessively use leverage. He also stated that only a few Ethereum treasury companies will survive during market downturns.
Furthermore, he cited the previous views of BlackRock CEO Larry Fink, describing Ethereum as "tokenized toll roads," and pointed out that events such as the NYSE and Nasdaq pushing for 24-hour trading plans, DTCC exploring tokenized collateral, and Bullish acquiring Equiniti will all further promote the entry of tokenized assets into the traditional financial system.
Chalom expects that as stablecoins, tokenized assets, DeFi, and AI applications continue to expand, Ethereum will gradually emerge on a different development path from Bitcoin in the future.
Representative companies in the SOL treasury listed companies
The stock price of Solana treasury company Upexi fell 8.16% on Tuesday, after the company announced a widening net loss of $109 million for the third fiscal quarter, primarily due to the depreciation of its cryptocurrency holdings. Documents submitted by the company on Tuesday showed that it had incurred an unrealized loss of $92.3 million on its digital assets. Despite the boost from cryptocurrency staking revenues, its total revenue increased by 46% year-on-year to $4.6 million, but it still posted a loss.
Upexi's performance shows that as of March 31, the company held 2.5 million Solana tokens valued at over $238 million, making it the second-largest treasury after Forward Industries to hold more than 7 million Solana tokens.
Solana treasury company DeFi Development Corp reported that despite a widening loss in Q1, the per share SOL holdings increased from 0.0322 to 0.0670 coins, a growth of 108% over the past year. As of May 13, the company held around 2.2946 million SOL and equivalents. CEO Joseph Onorati stated that the company achieved growth through strategies such as internal staking, collaborating with Bonk to operate joint verification nodes, and deploying more than 25% of its treasury on-chain, believing that the Strategy is a starting point rather than a ceiling. The company reported revenue of $2.66 million in Q1, an increase of 827% year-on-year; net loss amounted to $83.4 million, compared to $778,000 in the same period last year, mainly due to the decline in SOL prices.
SOL Strategies appoints Jon Matonis as board chairman
On May 12, NASDAQ-listed Solana ecosystem treasury company SOL Strategies announced the appointment of Jon Matonis as board chairman. Jon Matonis is one of the founding directors of the Bitcoin Foundation and a long-time advocate for financial privacy, with several decades of industry experience.
Representative companies in the altcoin treasury listed companies
The NASDAQ-listed HYPE treasury company Hyperion DeFi released its Q1 financial report, disclosing a net profit of $8.8 million for Q1, an improvement compared to a net loss of $39.8 million in Q4 2025. Since the end of Q1, it has increased its holdings of approximately 60,000 HYPE tokens, currently exceeding 2 million tokens. Its verification node has been entrusted with 10.2 million HYPE, placing it among the top six verification nodes, second only to the Hyperliquid Foundation.
Additionally, the company also holds 1.92 million KNTQ tokens and 10 million HPL tokens.
Bitwise will use part of Hyperliquid ETF management fees to increase HYPE token holdings
Bitwise Asset Management announced that it will allocate 10% of the management fees of its BHYP Hyperliquid ETF to hold Hyperliquid's native HYPE tokens on the company's balance sheet, with the relevant HYPE holdings also being staked.
Bitwise stated that Hyperliquid adopts a "community-first" approach, with approximately 99% of on-chain revenue used for repurchasing and burning HYPE tokens, so the company decided to simultaneously hold HYPE. Bitwise's Hyperliquid ETF (ticker: BHYP) was listed last Friday on the New York Stock Exchange, providing investors with exposure to Hyperliquid and staking yields.
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。
