Editor's Note: In last week's "Coin Stock Barometer" article, we mentioned that "the stock market focus remains on areas related to the AI industry chain such as optics, storage, and materials." Related individual stock targets and leveraged ETFs have surged accordingly. Additionally, the "Trump Quantum Computing Concept" sector we previously mentioned has once again attracted high-level attention and long-term planning from the US government, and IBM has seen another rise.
However, as predicted by the well-known research institution Citrini, US stocks may face a significant correction-style washout. Today, Japanese and South Korean stock indices also followed suit: the South Korean KOSPI index closed down nearly 10%, and the Nikkei 225 index closed down 3.55%. Meanwhile, the "storage frenzy" driven by the AI boom is also facing a test. The total market cap of leveraged ETFs for individual stocks like SK Hynix and Samsung Electronics has grown to around 10 trillion won. Regulators are considering measures due to concerns about retail investors chasing high risks.
After hitting new highs, SpaceX's stock price fell over 16% in a single day, now dropping below its opening price of $150. It may continue to face pressure until Musk delivers more tangible developments, but considering potential future index inclusion and limited unlocking events, there is still a possibility of an upward move.
As for the crypto-related stock sector, treasury companies like Strategy, Bitmine, and Sharplink continue to raise funds and increase holdings, but it might be difficult for them to rise against the market before Q4. The next steps in US-Iran talks and the Federal Reserve's subsequent actions are also focal points for the market. Micron's earnings report on Wednesday may determine the duration of the short-term market correction. Recommended reading: "Micron Earnings Report Approaches Wednesday, Reduce Position Risk and Wait for Low-Cost Opportunities in the Storage Sector".
In summary, major markets such as US, Japanese, South Korean, Taiwanese, Hong Kong, and A-shares still heavily rely on sentiment-driven speculation under the AI boom. Before OpenAI and Anthropic initiate their IPO sprints, these markets will likely continue to experience sustained volatility-driven rises amid sentiment and news-driven speculation.
For more information on the coin and stock markets, visit MSX.COM. (Odaily Planet Daily Note: The content of this article does not constitute investment advice and is for learning and communication purposes only.)
European and US Stock Index Futures Report Declines, Japanese and South Korean Stocks Correct
US Stock Futures Plunge, Large-Cap Tech Stocks Lead Decline Again
US stock futures fell on Tuesday as large-cap tech stocks faced selling pressure that spread to Asian artificial intelligence-related stocks, while investors awaited further developments in US-Iran negotiations.
Tech sub-sectors in Asia were hit hard on Tuesday, ending an eight-day winning streak, with Japanese and South Korean stock markets collectively correcting, and South Korean stocks plunging nearly 10%. Currently, mega-cap tech stocks generally exhibit synchronized volatility. Alphabet performed weakly, and SpaceX also declined as the IPO frenzy subsided. Market sentiment is gradually spreading to other leading tech stocks, turning cautious towards the tech sector again. This change stands in stark contrast to last year, when almost any company associated with artificial intelligence was seen as a "gold mine," and any mention of AI was met with market enthusiasm. However, the market is now gradually entering a verification period of "show me the results," with investors demanding that massive investments in AI infrastructure deliver tangible returns.
This is particularly evident in companies like SpaceX, which has negative cash flow yet raised $75 billion from its IPO. This shift keeps market sentiment tense, with the market's focus turning to Micron Technology's earnings call this week. "Many investors hold AI-related stocks and have achieved substantial gains. Any volatility could prompt them to reduce positions and lock in profits,"
said Jian Shi Cortesi, fund manager at Gam Investment Management. "Currently, tech stocks are also particularly sensitive to the interest rate outlook and potential Fed rate hikes."
Morgan Stanley: Liquidity Tightening is the Main Threat to US Stocks
Morgan Stanley's Chief Investment Officer and Chief US Equity Strategist Mike Wilson stated that liquidity, rather than rate hikes, is the primary risk facing US stocks recently. He noted that the size of the Reserve Management Plan has fallen by about 75% from its peak, and the scale of Treasury buybacks has also been reduced by 50%. Wilson expects the US stock market to be volatile in July, possibly experiencing a correction, with the next round of earnings-driven bull market advance postponed until liquidity headwinds subside.
Weekly Update on Coin Stock Listed Company Dynamics
Representative BTC Treasury Listed Companies
Strategy Significantly Reduces Purchases, Acquiring Only 520 BTC Showing Restraint; Strive Increases Holdings Against the Trend
According to SoSoValue data, as of 8 AM ET on June 22, 2026, the total weekly net purchases of Bitcoin by global listed companies (excluding mining companies) last week was $86.03 million, a decrease of 13.97% compared to the previous week.
Strategy (formerly MicroStrategy) spent approximately $34.9 million last week, purchasing 520 BTC at an average price of $67,068. Its total holdings increased to 847,363 BTC.
The Japanese listed company Metaplanet did not purchase Bitcoin last week, marking 9 consecutive weeks without purchases.
Additionally, 4 other companies purchased Bitcoin last week. The Japanese food brand DayDayCook announced on June 17 that it spent $7.43 million to purchase 95 BTC at an undisclosed price, bringing its total holdings to 2,899 BTC. The Brazilian Bitcoin company OrangeBTC announced on June 21 that it invested $1.15 million to purchase 18 BTC at a price of $64,121, raising its total holdings to 3,822 BTC. The asset management company Strive announced between June 15 and June 21 that it spent $49.98 million to purchase 759 BTC at a price of $65,850, increasing its total holdings to 19,864 BTC.
As of press time, the total Bitcoin holdings of the tracked global listed companies (excluding mining companies) amounted to 1,142,276 BTC, an increase of 1.87% from the previous week. The current market value is approximately $74.17 billion, accounting for 5.7% of Bitcoin's circulating market cap.
Mara Holdings Increases Holdings by 1000 BTC, Total Holdings Reach 36,303 BTC
According to BitcoinTreasuries.NET monitoring, the listed company Mara Holdings increased its holdings by 1000 BTC last week, bringing its total holdings to 36,303 BTC.
Capital B Shareholders Approve Over $120 Billion Financing Plan, Intending to Boost Bitcoin Reserve Expansion
Shareholders of the Bitcoin treasury company have approved a large-scale financing plan. The company can raise up to approximately $5.76 billion by issuing new shares and refinance up to about $115.2 billion through credit facilities to further increase its Bitcoin holdings. This plan implies that Capital B will rely on both equity financing and debt instruments to expand its exposure to crypto assets, potentially further increasing the correlation between its capital structure and BTC price.
Based on current prices, this financing scale theoretically could support the purchase of over 1.87 million BTC, indicating a likely continued reinforcement of its "Bitcoin treasury" style asset allocation strategy in the future.
BitFuFu Announces Up to $5 Million Share Repurchase Plan
Nasdaq-listed Bitcoin mining company BitFuFu (NASDAQ: FUFU) announced that its board of directors has approved a share repurchase plan of up to $5 million. Under this plan, the company may repurchase its Class A ordinary shares over a two-year period starting June 24, 2026.
Leo Lu, Chairman and CEO of BitFuFu, stated that this repurchase plan reflects the company's firm confidence in long-term shareholder value, prudent capital allocation, and long-term strategic development. The company will continue to advance its global infrastructure layout and hashrate expansion strategy, persistently increasing its hashrate scale.
Representative ETH Treasury Listed Companies
BitMine: Purchased a Total of 52,203 ETH Valued at $92 Million Over the Past Week
As of June 21, 2026, the total value of crypto assets, total cash, marketable securities, and "Moonshots" investments held by BitMine reached $10.7 billion. Its crypto asset holdings include 5,672,956 ETH and 205 BTC.
Furthermore, BitMine has currently staked 4,718,677 ETH. The amount of ETH it holds accounts for 4.7% of the total ETH supply, making it the world's largest corporate ETH treasury. Over the past week, BitMine purchased a total of 52,203 ETH, valued at $92 million.
Sharplink Completes $75 Million Private Placement, Plans to Expand ETH Reserves and Repurchase Shares
Sharplink announced it has signed a securities purchase agreement to sell 10,013,400 shares of common stock and warrants exercisable for 10,013,400 shares of common stock, raising total gross proceeds of approximately $75 million. The proceeds will be used for working capital, continuing to accumulate ETH assets, and repurchasing company shares under the stock repurchase plan. As of June 16, Sharplink holds a total of 875,776 ETH.
Representative SOL Treasury Listed Companies
Top Five Listed Company Solana Treasury Holdings Exceed 15.7 Million SOL Combined
Several listed companies have incorporated Solana into their balance sheets alongside Bitcoin and Ethereum. Based on currently disclosed holdings, the top five Solana treasury companies collectively hold over 15.7 million SOL.
Forward Industries holds 7,044,079 SOL, ranking first; Upexi holds 2,361,931 SOL, ranking second; DeFi Development Corp. holds 2,294,576 SOL, ranking third. Solana Company holds 2,071,127 SOL, and SkyAI disclosed that its balance sheet holds approximately 2,000,000 SOL, ranking fourth and fifth respectively.
Forward Industries has staked all the SOL in its treasury and previously disclosed generating about $4.6 million in staking income in Q4. DeFi Development Corp. established a $5 billion equity credit line in June 2026 for strategic purchases of Solana; Solana Company was renamed from the medical device company Helius Technologies; SkyAI was renamed from Sharps Technology.
Largest External Shareholder of Solana Treasury Company Solmate Sues Board of Directors
RBCH, the largest external shareholder of the Solana digital asset treasury company Solmate Infrastructure (SLMT), has sued the company's current executives and directors in the New York State Supreme Court, alleging breaches of fiduciary duty, misleading statements, and self-dealing.
RBCH is associated with Viktor Fischer, founder and CEO of RockawayX, and currently holds approximately 22.74% of the shares of Solmate's parent company, Brera Holdings. The institution led a $300 million PIPE financing for Solmate in September 2025 and committed $50 million.
The lawsuit claims that Solmate's board engaged in multiple actions harming shareholder interests, including selling shares while other investors were still in lock-up periods, signing advisory agreements favoring board-related parties, and directors Ron Sade and Keren Maimon personally purchasing approximately 2.298 million Class B shares at $4.97 per share, resulting in about 20% dilution for shareholders. The plaintiff alleges this transaction was illegal.
Fischer stated that Solmate has severely underperformed, currently trading at a discount of about 50% to its net asset value, with the problem lying in poor company management and board self-dealing. Solmate currently holds about 2 million SOL on its books. Its stock price has fallen about 78% year-to-date, making it one of the worst-performing SOL DATs. In contrast, SOL itself has fallen about 50% during the same period.
Representative Altcoin Treasury Listed Companies
Canton Strategic Launches $50 Million Stock Repurchase Plan
Nasdaq-listed Canton Coin treasury company Canton Strategic announced that its board of directors has approved the launch of a $50 million stock repurchase plan. It is reported that this repurchase will be executed in compliance with US securities laws through open market transactions or other compliant methods. However, the timing, size, and execution method of the repurchase will be adjusted or terminated based on market conditions, stock price performance, trading volume, and regulatory environment, with no commitment to a minimum or fixed repurchase quantity.
Litecoin Treasury Company Lite Strategy Leads $1 Million Strategic Investment in LitVM
Nasdaq-listed Litecoin treasury company Lite Strategy announced leading a $1 million strategic investment in LitVM, while obtaining governance participation rights and potential subscription opportunities for future tokens. LitVM is a zero-knowledge Layer 2 scaling network built on Litecoin. The new funds will support its efforts to introduce smart contract capabilities and a programmable application layer to Litecoin after its mainnet launch.
