Has the 'shanzhai season' already arrived? Just this time, it's not in cryptocurrency, but in the "cryptocurrency stock" market. From MicroStrategy's Bitcoin strategy to SharpLink's plan to see its stock price skyrocket tenfold due to its ETH holdings, 2025 is ushering in a new wave of listed companies' "cryptocurrency market rescue". More and more listed companies are no longer satisfied with traditional asset allocation, but are incorporating BTC, ETH, SOL, XRP into their treasury for reserves, risk hedging, and even strategic transformation. In terms of top companies, MicroStrategy leads with 580000 BTC, while MercadoLibre and Coinbase continue to increase their holdings. Block holds 8584 BTC with a floating profit of 243% on paper. Edge stocks such as GameStop, VivoPower, SharpLink, which were on the brink of delisting, have reversed their stock prices and attracted capital inflows through the release of a "holding transformation" plan. Not only traditional Internet and encryption native companies, but also some banks and financial giants began to test the waters on a small scale. For example, Italy's largest bank Intesa bought Bitcoin for the first time, and Virtu Financial used BTC as a hedging tool. SharpLink is betting on ETH, VivoPower is turning to XRP, and Upexi is choosing Solana to build a new financial strategy, showing a trend of multi chain development. It is worth noting that the "speculation" behavior of multiple projects is accompanied by large-scale financing, and the compliance path and strategic implementation are still to be observed. But this trend clearly indicates that encrypted assets are rapidly penetrating into enterprise level financial systems, moving from financial diversification tools to the core of capital market strategies. Currency stocks!