Editor's Note: In last week's "Coin & Stock Compass" article, we mentioned that South Korean stocks were experiencing a significant correction and entering the buy zone; in the subsequent week, including SK Hynix, Samsung, and the KOSPI index, the South Korean stock market faced its darkest hour, with foreign capital continuously flowing out and retail funds buying in unison. Data shows that foreign investors have cumulatively withdrawn nearly $110 billion from the South Korean stock market, hitting a record high.
In the US stock market, Trump's bullish remarks combined with renewed tensions between the US and Iran did not lead to a market upturn but instead triggered significant selling pressure; although SK Hynix's ADR listing in the US initially rose nearly 20% to around $175, it subsequently declined following the broader market trend. Currently, US stocks have turned bearish influenced by South Korean stocks. From a fundamental perspective, META's announcement of an additional $40 billion investment in a Louisiana data center indicates that the AI industry chain remains the primary narrative for the stock market. Market rumors suggested that Samsung Electronics was considering a US ADR listing, but this was later denied by the company.
Finally, regarding A-shares, the IPO for Changxin Storage (CXMT) is finally scheduled for July 27th, planning to raise 29.5 billion yuan with an expected issue price of around 4.41 yuan per share. Post-listing, its estimated total market cap is close to 295 billion yuan. Considering the previous news of Apple seeking to purchase related memory products from Changxin, despite recent significant market corrections, Changxin may still have short-term upside potential.
Regarding crypto-related stocks, aside from CRCL's brief rebound influenced by last week's news of OCC approval to establish a digital currency trust bank, most other crypto-related stocks are in decline and still within the short-selling range.
For more information on the coin and stock markets, please 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.)
US Stock Market at a Fork in the Road: Caution Against Aggressive Buying vs. Earnings Season Driving Broadening Rally
Bank of America Warns: Stock Bulls Should Consider Scaling Back Aggressive Buying
The latest fund manager survey from Bank of America shows that those global investors aggressively buying stocks should consider reducing their exposure. Strategists at the bank pointed out that asset allocators have become extremely bullish—often a warning signal for the market. Investor cash holdings have dropped to an "extremely low" level of 3.6% of assets from 4.1% last month, while positioning in US stocks is at its highest since December 2024, with a net overweight of 24%.
A team led by Michael Hartnett wrote in the report: "Bank of America's Bull & Bear indicator reads a high 9.4 (on a scale of 1 to 10), in extreme bullish territory, suggesting exposure to stocks and high-beta assets should be reduced. Due to overly optimistic market positioning, further upside for risk assets in the summer will be constrained."
Beyond Tech Giants, Morgan Stanley Expects US Stock Rally to Broaden
Morgan Stanley strategists say that beyond tech giants, other US stocks are also expected to report strong results this earnings season, further broadening the market rally. The team led by Michael Wilson stated that the median company in the S&P 1500 Composite Index is currently showing earnings per share growth exceeding 10%, its best performance since the post-pandemic recovery.
Furthermore, analysts are still raising profit expectations for the consumer discretionary and transportation sectors, both closely tied to economic growth. "We expect the market's breadth to continue expanding, driven by the earnings resilience of median stocks." The Q2 earnings season kicks off on Tuesday with major banks reporting first. According to compiled data, analysts expect S&P 500 index component company profits to grow by 23%, which would be one of the strongest periods historically outside of major post-recession recoveries.
Weekly Update on Coin-Related Listed Companies
Representative BTC Treasury Public Companies
Global Listed Companies Net Sold $85.45 Million in BTC Last Week, Strategy and Metaplanet Both Absent
According to SoSoValue data, as of 8:00 AM EST on July 13, 2026, the total net sales of bitcoin allocated by global listed companies (excluding mining companies) last week was $85.45 million, a decrease of 908.42% compared to the previous week.
Strategy (formerly MicroStrategy) and Japanese-listed company Metaplanet did not purchase any bitcoin last week.
Additionally, 2 other companies purchased bitcoin last week. Brazilian Bitcoin company OrangeBTC announced on July 13th the purchase of 8 bitcoins at $62,100 each, bringing its total holdings to 3,912 bitcoins; Asset management firm Strive announced on July 13th that it spent $1.15 million to purchase 18 bitcoins at $64,028 each, bringing its total holdings to approximately 19,900 bitcoins.
As of press time, the total bitcoin holdings of the tracked global listed companies (excluding mining companies) amount to 1,139,635 bitcoins, a decrease of 0.19% compared to last week. The current market value is approximately $71.38 billion, accounting for 5.7% of Bitcoin's circulating market cap.
Strategy Announces Its Dollar Reserves Have Increased to $3 Billion
According to an official announcement, Strategy announced that its dollar reserves have increased by $450 million. As of July 12th, the dollar reserve scale has grown to $3 billion, while its bitcoin holdings stand at 843,775 bitcoins.
Hyperscale Data Increases Holdings by ~100 BTC Again, Bitcoin Reserves Surpass 1,000
US-listed bitcoin treasury and AI data center company Hyperscale Data disclosed that it recently increased its holdings by approximately 100 BTC. As of now, its bitcoin reserves have exceeded 1,000. The company's management revealed plans to potentially use bitcoin as collateral for financing in the future, diversifying its balance sheet alongside cash and other strategic assets.
Strategy: To Announce Q2 2026 Financial Results After US Market Close on July 30th
Bitcoin treasury company Strategy announced it will release its financial results for the second quarter of 2026 after the US market close on July 30, 2026, Eastern Time, which is 4:00 AM Beijing Time on July 31, 2026. An online video seminar to discuss the related performance will be held at 5:00 PM ET on the same day, which is 5:00 AM Beijing Time.
Cleanspark Increases Holdings by 454 BTC to 13,924 BTC, Valued at ~$880 Million
Bitcoin miner Cleanspark purchased 454 bitcoins on July 7th at an average price of approximately $64,000, worth about $29 million, increasing its BTC reserves to 13,924 bitcoins, valued at approximately $880 million. Publicly listed miners collectively sold over 32,000 bitcoins in Q1 2026, with Marathon selling over 20,800 bitcoins to repay debt and fund expansion. Cleanspark previously disclosed a net loss of $378.3 million for the fiscal second quarter ended March 31, 2026, including a $224.1 million non-cash fair value loss due to the drop in BTC price. As of the quarter-end, the company held $925.2 million worth of BTC and $260.3 million in cash.
Boyaa Interactive Increases Holdings by 108 Bitcoins, Total BTC Holdings Rise to 4,201
Hong Kong-listed company Boyaa Interactive issued an announcement stating the company has once again purchased 108 bitcoins. Following this addition, Boyaa Interactive's total bitcoin holdings have increased to 4,201 bitcoins.
Bitcoin Miner BitFuFu Sells 184 BTC, Currently Holds 1,671 BTC
BitcoinTreasuries.NET posted on X platform that Singapore-listed bitcoin miner BitFuFu sold 184 BTC and currently holds a total of 1,671 BTC, ranking 35th on the Bitcoin 100 list.
Bitdeer Maintains Zero Bitcoin Holdings, Sells 227.5 BTC This Week
Nasdaq-listed bitcoin miner Bitdeer released its latest bitcoin holdings data. For the week ending July 10th, its bitcoin mining production was 227.5 BTC, but it sold 227.5 BTC during the same period, resulting in a net addition of 0 BTC. It currently maintains zero bitcoin holdings.
Empery Digital Sells 1,400 BTC, Current Holdings 1,514
Listed company Empery Digital sold 1,400 bitcoins. The proceeds from this sale will be used in two parts: one part will be invested in a $65 million total cost AI data center project to expand AI computing power business; the other part will be used to repay $10 million in corporate debt. After the large-scale divestment, the company's bitcoin holdings amount to 1,514 bitcoins.
Listed Companies Purchased 110,000 Bitcoin in Q2 2026, 1.8 Times the Total of Previous Two Quarters
BitcoinTreasuries.NET stated in a post that, according to its latest monthly report, listed companies purchased 110,000 bitcoins in the second quarter of 2026, which is 1.8 times the total of the previous two quarters.
Representative ETH Treasury Public Companies
Bitmine Increased Holdings by 27,801 ETH Last Week, Staked ETH Exceeds 4.91 Million
Ethereum treasury company Bitmine Immersion Technologies disclosed an increase of 27,801 ETH in its holdings last week. The company's current crypto asset holdings include 5,770,038 ETH, 206 BTC, $69 million worth of equity in Eightco Holdings, and $180 million worth of shares in Beast Industries. Additionally, the total amount of ETH staked by the company is 4,917,189 (calculated at $1,820 per ETH, totaling $9 billion).
Representative SOL Treasury Public Company
Solana Treasury Company DFDV to Cease Day-to-Day Management of Meme Coin DONT Ecosystem
Nasdaq-listed Solana treasury company DeFi Development Corp. (DFDV) announced it will no longer be responsible for the day-to-day operational management of its meme coin DONT's ecosystem. Leadership of the ecosystem will be transferred to an independent team led by Daniel Reis-Faria, who will focus on DONT's ecosystem development, community building, partnership expansion, and liquidity enhancement. DFDV added that it will continue to hold its DONT treasury allocation, which currently constitutes approximately 31.6% of DONT's total supply, and will hold long-term as per the project's initial commitment.
Representative Altcoin Treasury Public Companies
BNB Plus Delisted from Nasdaq Due to Share Price Below $1, Retains Ticker BNBX for Trading on OTCQB
BNB treasury listed company BNB Plus issued an announcement stating the company has received a delisting determination from the Nasdaq Hearings Panel. The core reason for delisting is the company's failure to meet the $1 minimum bid price requirement under Nasdaq's continued listing rules. BNB Plus plans to submit a request for review to the Nasdaq Listing and Hearing Review Council, but this review will not stay the delisting process. The company's shares will be suspended from trading on the Nasdaq exchange at the market open on July 14, 2026. The company has completed preparations for listing on the OTCQB Venture Market, maintaining the stock ticker BNBX unchanged. Trading is expected to commence normally in the over-the-counter market after the market opens on July 14th.
