Editor's Note: In last week's "Cryptocurrency Stock Indicator" article, we mentioned that "Korean regulators are considering relevant measures to control the risk of retail investors chasing high prices." However, when the semiconductor sector experienced a correction, the Korean government chose to go ALL IN by announcing an "800 trillion won investment plan." (Recommended reading "This Afternoon, Korea Will Bet Everything on the Nation's Decade Future") Therefore, despite the short-term pullback in Korean stocks, the long-term upward trend still remains the main theme.
In addition, last Wednesday, Micron's financial report was impressive, with a gross margin of 84.9% and revenue reaching 41.46 billion dollars, and it is expected that Q4 revenue will reach 50 billion dollars, far exceeding market expectations. The long-term order backlog of 100 billion dollars also provided sufficient confidence for Micron and the broader US semiconductor sector. (Recommended reading"Super Incredible Spiral Explosion, Micron's Financial Report Rekindles the Long Bull Market for Semiconductors")
Another noteworthy event is that the Russell index has introduced several publicly listed companies in the cryptocurrency sector, including ETH treasury companies like Bitmine and Sharplink, as well as established asset management firms like Galaxy. As the DAT model marks its first anniversary, the few cryptocurrency concept stocks that remain have gradually gained mainstream market recognition, and the next step is the gradual validation of business models and revenue-generating capabilities. (Recommended reading "From SpaceX, Micron to Galaxy Digital, Understand the 37 Newly Added AI Companies and 7 Crypto Dark Horses in the Russell Index in One Article")
Finally, the upcoming IPO of Changxin Storage and the recent 3 billion dollar storage chip supply agreement with Tencent have once again focused the capital market on the domestic storage battle; compounded by Apple's previous efforts to lobby the US government to lift the procurement ban on Changxin Storage, next month's Changxin Storage IPO may become another phenomenon-level listing worth participating in. The pre-IPO pricing may also become a battleground for major platforms.
More information on the cryptocurrency stock market can be found atMSX.COM.（Odaily Planet Daily Note: The content of this article does not constitute investment advice and is for learning and communication purposes only）
Weekly Update on Cryptocurrency Public Companies
Representative Companies with BTC in Treasury
Strategy Remains Steady, Bitcoin Public Company's Weekly Net Purchase Plummets by 83%
According to SoSoValue data, as of 8:00 AM Eastern Time on June 29, 2026, the total net purchase of Bitcoin by publicly listed companies worldwide (excluding mining companies) for the week was $14.65 million, a decrease of 83% compared to the previous week.
Strategy (formerly MicroStrategy) did not purchase Bitcoin last week. At the same time, Strategy announced two share repurchase plans of up to $1 billion each, targeting Class A common stock and digital credit preferred shares led by STRC, with an annual dividend rate of 8% to 10%, aiming to optimize the capital structure without depleting existing dollar reserves; to fund the aforementioned buybacks and support daily capital expenditures, the board also approved a Bitcoin monetization plan, allowing the company to generate up to $1.25 billion in additional dollars by selling Bitcoin, which could be used to pay dividends and interest on existing preferred stocks (or replenish dollars after such payments) and to provide additional funding for the two buyback plans (including related taxes and transaction fees). Although this action by MicroStrategy released monetization authorization, it currently serves only as a reserve shield for buybacks, with actual "growth potential not sold"; its core logic has shifted from the initial focus on "aggressive expansion of the balance sheet" to "using crypto assets to optimize the equity capital structure, reducing the capital costs born by high-yield stocks" in a refined operational phase.
The Japanese listed company Metaplanet did not purchase Bitcoin last week, marking ten consecutive weeks without purchases.
In addition, two other companies purchased Bitcoin last week. Hong Kong's global digital health, consumer goods, and AI computing technology group CIMG announced that it had just completed the first phase of a large share and warrant issuance, receiving $13.5 million (207.7 BTC, at an average price of $65,000), bringing its total holdings to 937.7 BTC; Brazil's Bitcoin company OrangeBTC announced on June 29 that it invested $4.9 million to purchase 74 BTC at a price of $66,233, bringing its total holdings to 3,896 BTC.
As of the time of writing, the total amount of Bitcoin held by the listed global companies (excluding mining companies) is 1,142,484 BTC, an increase of 0.02% compared to the previous week, with a current market value of approximately $6.852 billion, accounting for 5.7% of Bitcoin's circulating market value.
Fidelity Digital Assets reported that as of the end of 2025, the number of publicly listed companies holding at least 1000 Bitcoin rose from 22 at the end of 2024 to 49. Currently, these companies control nearly 5% of Bitcoin's supply.
Among them, Strategy holds approximately 847,000 Bitcoin, Twenty One Capital holds approximately 43,500 Bitcoin, Metaplanet holds approximately 40,000 Bitcoin, and MARA Holdings holds approximately 36,000 Bitcoin. By early June 2026, between 170 and 199 listed companies held approximately 1.265 million Bitcoin, accounting for 6% of the total supply, valued at about $76 billion. In May 2026, public companies net purchased 43,557 Bitcoin, including companies like SpaceX appearing on the holding list.
Strategy Board Approves Plan to Sell Up to $1.25 Billion in Bitcoin
Strategy launched the "Digital Credit Capital Framework" on Monday, disclosing the conditions under which it may sell Bitcoin in the future. The company's board has approved a plan that allows Strategy to sell up to $1.25 billion in Bitcoin to supplement cash reserves, pay for products like Stretch (STRC), or, when appropriate, to buy back common stocks or other securities.
Strategy co-founder and Executive Chairman Michael Saylor stated that the company continues to regard Bitcoin as the primary treasury reserve asset, while Digital Credit requires liquidity, discipline, and proactive capital management. Saylor mentioned that the framework aims to enhance credit quality and reduce expected preferred stock dividend payments when beneficial.
Strategy did not disclose new Bitcoin purchase plans this time and stated that its USD Reserve has been restored to $2.25 billion. The company indicated that at current levels, its cash reserves can cover dividend payments for approximately one and a half years.
Representative Companies with ETH in Treasury
Bitmine Increased Holdings by 27,084 ETH Last Week, Bringing Total to 5.7 Million
Bitmine Immersion Technologies last week purchased approximately 27,084 ETH for about $43 million, increasing its holdings to 5.7 million ETH, accounting for about 4.7% of Ethereum's circulating supply.
The company currently controls approximately $9.8 billion in crypto assets, cash, and investments, and is nearing its goal of holding 5% of all ETH, although recent purchasing speed has slowed. Chairman Tom Lee attributed the recent weakness in crypto prices to quarter-end "window dressing."
Sharplink Accumulated Purchase of 39,196 ETH Last Week, Worth Approximately $6.243 Million
Last week, SharpLink Gaming accumulated purchases of 39,196 ETH, totaling approximately $6.243 million. The company holds over 202,000 ETH.
FG Nexus Lost Over $86.8 Million, Sold an Additional 3,375 ETH
The ETH treasury company FG Nexus sold an additional 3,375 ETH, valued at $5.34 million, with losses exceeding $86.8 million. FG Nexus had previously purchased 50,770 ETH for $196 million and has currently sold 41,675 ETH, worth $94.51 million.
Representative Companies with SOL in Treasury
The Nasdaq-listed Solana treasury company Upexi announced it has signed a securities purchase agreement to sell approximately 12.2423 million shares of common stock (or equivalent pre-paid warrants) at an issuance price of approximately $1.60 per share through private placement, raising a total of $19.5 million. The new funds will be used to repay existing debts and continue increasing SOL strategic reserves.
Solana Treasury Company Solmate's Largest External Shareholder Sues the Board
Solana digital asset treasury company Solmate Infrastructure (SLMT)'s largest external shareholder RBCH has filed a lawsuit in New York State Supreme Court against the current executives and board members of the company, accusing them of breaching fiduciary duties, making misleading statements, and engaging in self-dealing.
RBCH is associated with RockawayX's founder and CEO Viktor Fischer and currently holds about 22.74% shares of Solmate's parent company Brera Holdings. This institution led a $300 million PIPE financing for Solmate in September 2025, committing $50 million.
The lawsuit alleges that the Solmate board has engaged in multiple actions detrimental to shareholder interests, including selling shares while other investors are still in lock-up periods, signing advisory agreements favoring board-affiliated parties, and board members Ron Sade and Keren Maimon individually purchasing about 2.298 million Class B shares at $4.97 each, diluting shareholders by about 20%. The plaintiff claims this transaction is allegedly illegal.
Fischer stated that Solmate's performance has been severely poor, currently trading at about a 50% discount to its net asset value, attributing the issues to mismanagement and self-dealing by the board. Solmate currently holds approximately 2 million SOL on its books, and its stock price has fallen about 78% year-to-date, making it one of the worst performers in SOL DAT. In contrast, SOL has fallen about 50% in the same period.
Representative Companies with Altcoins in Treasury
Zcash Mining Company Plans to Merge with HeartSciences, Whose Share Price Soars Over 55%
Fortitude Mining, a Zcash mining company under Digital Currency Group, announced it has signed a final merger agreement with Nasdaq small-cap medical technology company HeartSciences Inc., planning to merge the two companies. Following the announcement, HeartSciences' share price surged about 60% during intraday trading on Tuesday, closing up approximately 55% at $2.70.
Fortitude is primarily engaged in Zcash mining. Despite the recent weakness in ZEC performance, DCG's founder and CEO Barry Silbert stated that Zcash remains one of the most attractive opportunities in the digital asset space.
Fortitude CEO Andrea Childs stated that this merger is not based on business synergies, but rather to enter the public capital markets, thereby obtaining more flexible financing channels to accelerate its core strategies, including a Zcash-centric "venture mining" platform, as well as continuing to expand high-return opportunities in its power asset portfolio.
The parties expect the transaction to be completed in the second half of this year. This deal also indicates that some crypto mining companies are attempting to enter the capital market by merging with public companies to support subsequent expansions.
YZi Labs management entity YZi Labs Management announced it has reached an agreement with Nasdaq-listed CEA Industries (BNC) to further optimize digital asset strategy and corporate management. It is reported that BNC and YZi Labs will jointly seek an independent director with experience in digital assets, capital markets, and governance of public companies to further improve the board structure, while David Namdar, who previously served as CEO, will continue to fulfill existing duties during the transition period. YZi Labs has agreed to terminate its previous shareholder consent solicitation and withdraw related requests for bookkeeping and shareholder register date. This agreement signifies the end of previous potential governance disputes and shifts towards promoting company development through board restructuring and management optimization.
Nasdaq-listed SUI Group Holdings Limited announced it has expanded its strategic lending cooperation with the decentralized exchange Bluefin in the Sui ecosystem. According to the revised digital currency loan agreement, SUI Group will lend an additional 4 million SUI to Bluefin, bringing the total loan amount to 6 million SUI. Meanwhile, the company's revenue share ratio will be increased from the original 5% to 11%, with payments made in SUI, and the new funds will be used to support Bluefin's participation in Bluewater's acquisition financing of Suilend, the largest lending and DeFi platform on the Sui chain.
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