Editor's Note: In last week's "Coin Stock Barometer" article, we mentioned that "the stock market's focus remains on AI industry chain-related sectors such as optics, storage, and materials." Relevant individual stock targets and ETF leveraged funds have subsequently risen with the trend. Additionally, the "Trump Quantum Computing Concept" sector we previously mentioned has once again attracted high-level attention and long-term plans from the U.S. government, and IBM has seen another rise.
However, as predicted by the well-known investment research firm Citrini, the U.S. stock market may face a significant correction-style shakeout. Today, Japanese and South Korean stock indices also followed suit with declines: the KOSPI closed with a plunge of nearly 10%, and the Nikkei 225 closed down 3.55%. Meanwhile, the "storage boom" driven by the AI frenzy is also facing a test. The total market capitalization of leveraged ETFs for individual stocks like SK Hynix and Samsung Electronics has grown to around 10 trillion won. Regulatory bodies, concerned about retail investor chase risk, are considering taking related measures.
After breaking through new highs, SpaceX's stock price fell over 16% in a single day, now dropping below its opening price of $150. Before Musk delivers more substance, the stock may continue to face pressure. However, considering potential future index inclusion and limited unlocking, there is still possibility for upward movement.
As for the crypto concept stock sector, treasury companies like Strategy, Bitmine, and Sharplink are still continuously financing and increasing holdings, but it may be difficult for them to rise against the market trend before Q4. The next steps in U.S.-Iran talks and subsequent actions by the Federal Reserve 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 Arrives Wednesday, Reduce Position Risk and Await Low-Cost Opportunities in the Storage Sector".
In summary, major markets such as U.S. stocks, Japanese and South Korean stocks, Taiwanese stocks, Hong Kong stocks, and A-shares still heavily rely on sentiment-driven speculation under the AI frenzy. Before OpenAI and Anthropic launch their IPO sprints, these markets will likely continue their high-volatility trend of sustained rises and sentiment/message-driven speculation.
More coin stock market information can be found at MSX.COM. (Odaily Planet Daily Note: The content of this article does not constitute investment advice and is for learning and exchange only.)
European and U.S. Stock Index Futures Report Declines, Japanese and South Korean Stocks Correct
U.S. Stock Futures Plunge, Large-Cap Tech Stocks Lead Declines Again
U.S. stock futures fell on Tuesday as large-cap technology stocks faced selling pressure that spread to Asian AI-related stocks, while investors await further developments in U.S.-Iran negotiations.
Asian technology sub-sectors suffered heavy losses 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 characteristics. 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 technology sector again. This change stands in stark contrast to last year when almost any company related to artificial intelligence was seen as a "gold mine," and any mention of AI was cheered by the market. But now, the market is gradually entering a "show me the performance" verification period, with investors demanding that massive investments in AI infrastructure must yield actual returns.
This is particularly evident in companies like SpaceX, which have negative cash flow yet raised $75 billion from IPOs. This shift keeps market sentiment tense, with the market focus this week turning to Micron Technology's earnings call. "Many investors hold AI-related stocks and have made considerable gains; any volatility may prompt them to reduce positions and lock in profits,"
said Jian Shi Cortesi, a fund manager at Gam Investment Management. "Currently, tech stocks are also particularly sensitive to interest rate prospects and potential Fed rate hikes."
Morgan Stanley: Liquidity Tightening is the Main Threat to U.S. Stocks
Mike Wilson, Chief Investment Officer and Chief U.S. Equity Strategist at Morgan Stanley, stated that liquidity, not interest rate hikes, is the primary risk for U.S. stocks in the near term. He noted that the size of the reserve management plan has fallen about 75% from its peak, and Treasury repurchase volumes have also shrunk by 50%. Wilson expects U.S. stock market movements to be volatile in July, with possible corrections. The next earnings-driven leg up in the bull market will be delayed until liquidity headwinds subside.
Weekly Updates on Publicly Listed Coin Stock Companies
Representative BTC Treasury Public Companies
Strategy sharply reduces purchases, acquiring only 520 BTC showing restraint, while Strive adds positions against the trend.
According to SoSoValue data, as of 8 AM Eastern Time on June 22, 2026, the total net weekly purchase of Bitcoin by global public 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 to purchase 520 Bitcoins at an average price of $67,068, increasing its total holdings to 847,363 BTC.
Japanese public company Metaplanet did not purchase Bitcoin last week, marking the 9th consecutive week without purchases.
Additionally, 4 other companies purchased Bitcoin last week. Japanese food brand DayDayCook announced on June 17 that it spent $7.43 million to purchase 95 Bitcoins at an undisclosed price, bringing its total holdings to 2,899 BTC; Brazilian Bitcoin company OrangeBTC announced on June 21 that it invested $1.15 million to purchase 18 Bitcoins at $64,121, bringing its total holdings to 3,822 BTC; Asset management company Strive announced between June 15 and June 21 that it spent $49.98 million to purchase 759 Bitcoins at $65,850, bringing its total holdings to 19,864 BTC.
As of press time, the global public companies (excluding mining companies) in the statistics collectively hold a total of 1,142,276 Bitcoins, 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 capitalization.
Mara Holdings adds 1,000 BTC, total holdings reach 36,303 BTC.
According to BitcoinTreasuries.NET monitoring, public company Mara Holdings added 1,000 BTC last week, bringing its total holdings to 36,303 BTC.
Capital B shareholders approve financing plan exceeding $120 billion, planning to increase 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 approximately $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 crypto asset exposure, potentially further increasing the correlation between its capital structure and BTC price.
Calculated at current prices, this financing scale could theoretically support the purchase of over 1.87 million BTC, indicating a possible continued reinforcement of its "Bitcoin treasury" asset allocation strategy in the future.
BitFuFu announces share repurchase plan of up to $5 million.
Nasdaq-listed Bitcoin miner 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 within two years starting from June 24, 2026.
Leo Lu, Chairman and CEO of BitFuFu, stated that this repurchase plan reflects the company's strong confidence in long-term shareholder value, prudent capital allocation, and long-term strategic development. In the future, the company will continue to advance its global infrastructure layout and hash rate expansion strategy, continuously increasing its hash rate scale.
Representative ETH Treasury Public Companies
BitMine: Bought a total of 52,203 ETH worth $92 million in the past week.
As of June 21, 2026, the total value of BitMine's crypto assets, total cash, transferable securities, and "Moonshots" investments reached $10.7 billion. Its crypto asset holdings include 5,672,956 ETH and 205 Bitcoin.
Furthermore, Bitmine has currently staked 4,718,677 ETH. The amount of ETH it holds accounts for 4.7% of ETH's total supply, making it the world's largest corporate ETH treasury. In the past week, BitMine bought a total of 52,203 ETH, worth $92 million.
Sharplink completes $75 million private placement, plans to expand ETH reserves and repurchase shares.
Sharplink announced it has entered into a securities purchase agreement to sell 10,013,400 shares of common stock and warrants for 10,013,400 shares of common stock, raising approximately $75 million. The funds will be used for working capital, continued accumulation of ETH assets, and repurchasing company shares under a stock repurchase plan. As of June 16, Sharplink holds a total of 875,776 ETH.
Representative SOL Treasury Public Companies
Top five public company Solana treasury holdings total over 15.7 million SOL.
Several public companies have added Solana to 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 discloses 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 revenue in Q4. DeFi Development Corp. established a $5 billion equity line of credit in June 2026 for strategic purchases of Solana; Solana Company was renamed from medical device company Helius Technologies; SkyAI was renamed from Sharps Technology.
Solana treasury company Solmate's largest external shareholder sues board of directors.
The largest external shareholder of Solana digital asset treasury company Solmate Infrastructure (SLMT), RBCH, has sued the company's current executives and directors in the New York State Supreme Court, alleging breaches of fiduciary duty, misrepresentations, and self-dealing.
RBCH is associated with RockawayX founder and CEO Viktor Fischer and currently holds about 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 alleges that Solmate's board engaged in multiple actions harming shareholder interests, including selling shares while other investors were still in lock-up, 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, diluting shareholders by about 20%. The plaintiff alleges this transaction is 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 mismanagement and board self-dealing. Solmate currently holds approximately 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 has fallen about 50% during the same period.
Representative Altcoin Treasury Public 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 U.S. securities laws through open market or other compliant means. 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 amount.
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 Layer2 scaling network built on Litecoin. The new funds will support its goal of introducing smart contract capabilities and a programmable application layer to Litecoin after its mainnet launch.







