Editor's Note: As mentioned in last week's Crypto & Stock Market Barometer, the U.S. stock market trend has improved, with sectors like storage and optical communication experiencing consecutive gains; the South Korean stock market, after a 5-day rally, has resumed its decline. Meanwhile, the A-share market witnessed a rare surge this week with thousands of listed companies rising together, driven by the "abstract animated film" "Niulai," with several "bull concept" stocks rising on Monday, highlighting the increasingly common resonance between capital markets and the attention economy. In macro news, the approval of an extended 60-day agreement between Iran and the U.S. provided a temporary boost to U.S. stocks.
Regarding U.S. stocks, on one hand, data suggests market resilience may be at a near 30-year high, with no extreme sell-offs yet. On the other hand, although the S&P 500 broke above 7800 points, institutions have begun issuing panic signals, viewing the period from mid-August to mid-October as a historically turbulent phase, warning of increased risk of a fall sell-off in U.S. stocks. Concerning the dense Q2 earnings reports for U.S. stocks, Goldman Sachs pointed out that structural imbalances in the AI industry persist, with spending and profits far from equilibrium. The recent positions of "AI Stock God" Leopold Aschenbrenner's Situational Awareness have finally been made public, with stocks of SanDisk and Micron occupying about half of the portfolio, ultimately making it the investment whale that triggered the "whale fall" phenomenon last month, though its investment list has shown a good rebound trend recently.
For the South Korean stock market, some believe the most severe phase of market turmoil may have ended following the previous "violent deleveraging phase." Historical selling has cleared out leveraged positions, and regulatory restrictions have led to a significant drop in trading of some high-risk products. Last week, South Korea's stock market volatility index fell to a two-month low, after reaching a historical high in June. This stabilization is attributed to forced liquidations, which helped reduce outstanding margin debt; simultaneously, stricter regulations on leveraged ETFs have decreased the trading volume and asset scale of products related to chip giants Samsung Electronics and SK Hynix.
In the A-share market, Unitree Tech will officially list on the Shanghai Stock Exchange STAR Market tomorrow (August 19), with 30,087,700 unrestricted tradable shares available initially, accounting for 7.44% of the total share capital. The company stated that its issue price corresponds to a diluted static P/S ratio of 35.89x for 2025, higher than the average of comparable companies, but relatively more aligned with market conditions compared to the previous P/E ratio of 219x excluding non-recurring gains and losses. In terms of product releases, Unitree Tech recently launched a humanoid robot named "Superman," capable of a vertical jump of 2 meters and a top speed of 12.66 m/s (leg length 0.85m), surpassing world and human records for vertical jump and sprinting speed, aiming to claim the title of "the first humanoid robot stock in the A-share market" with expectations of short-term market cap growth. Recommended reading: "How Much is 'The First Humanoid Robot Stock' Unitree Tech Really Worth?"
The crypto concept stock sector remained generally stable, but institutions like JPMorgan Chase and Wells Fargo increased their BTC-related holdings, and Strategy stock also saw a wave of intensive institutional holding disclosures. Although BTC and ETH price performance has been mediocre, the market may turn around after late September.
For more information on the crypto 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.)
Weekly Updates on Crypto Stock Listed Company Dynamics
Representative BTC Treasury Listed Companies
Weekly net purchases by listed companies decreased by 90.34% MoM; Strategy spends another $132 million to repurchase STRC
According to SoSoValue data, as of 8 AM EST on August 17, 2026, the total weekly net purchase of Bitcoin by global listed companies (excluding mining companies) last week was $5.32 million, a decrease of 90.34% compared to the previous week.
Strategy did not buy or sell Bitcoin last week but spent $132 million to repurchase 1,388,720 shares of STRC preferred stock.
Japanese listed company Metaplanet did not purchase Bitcoin last week, marking five consecutive weeks without buying.
Additionally, 2 other companies purchased Bitcoin last week. French Bitcoin company Capital B announced on August 17 the purchase of 5 Bitcoins at $64,395.60 per coin, bringing its total holdings to 3,145; asset management company Strive announced on August 17 that it spent $5 million last week to purchase 79 Bitcoins at $63,231 per coin, raising its total holdings to approximately 20,246.
As of writing, the total Bitcoin holdings of the tracked global listed companies (excluding mining companies) amount to 1,139,641 coins, an increase of 0.007% from last week. Their current market value is approximately $72.42 billion, accounting for 5.7% of Bitcoin's circulating market cap.
Repaying $10 million debt, Empery Digital sells 235 BTC and holds 1,279 BTC
BitcoinTreasuries.NET posted that listed company Empery Digital has sold 235 Bitcoins to repay another $10 million debt and currently holds 1,279 Bitcoins, ranking 39th on the Bitcoin 100 list.
Zhibao Technology completes private placement of 2,380 BTC with non-U.S. investor participation
Zhibao Technology announced the completion of a 2,380 Bitcoin private placement financing involving non-U.S. investors. The company plans to hold the related assets according to its Bitcoin treasury strategy and partially monetize them for business development and expansion.
Norwegian sovereign fund's indirect Bitcoin exposure surpasses 11,549 BTC, hitting a new all-time high
K33 Research Director Vetle Lunde stated that as of the end of H1 2026, the Norwegian sovereign wealth fund's indirect Bitcoin exposure, through holdings in companies like Strategy, Metaplanet, MARA, Coinbase, Block, and Tesla, rose to 11,549 BTC, a historical high valued at approximately $725 million. This exposure grew 21.2% in the first half of the year and 60.5% over the past year, marking the sixth consecutive reporting period of increase.
Among these, Strategy accounts for nearly 86% of the fund's indirect Bitcoin exposure, corresponding to about 9,914 BTC. The fund held approximately 1.17% of Strategy's shares as of June 30. Metaplanet corresponds to 671 BTC, MARA to 421 BTC, and Coinbase, Block, and Tesla correspond to 183, 120, and 97 BTC respectively.
Strategy responds to MSCI index exclusion controversy: Bitcoin doesn't need MSCI, nor does Strategy
Strategy responded to MSCI's proposal to remove Bitcoin treasury companies from its indices. Strategy stated: "Index providers should measure markets, not dictate company assets. MSCI's proposal is inconsistent with the stance of regulators, markets, and clients. Bitcoin doesn't need MSCI, and neither does Strategy."
Anthony Pompliano's ProCap partners with Tidal Investments to apply for Bitcoin Treasury mNAV Discount ETF
BitcoinTreasuries.NET posted that Anthony Pompliano's ProCap has partnered with Tidal Investments to submit an application for a Bitcoin Treasury mNAV Discount ETF. This ETF will buy when mNAV is below 1.0x and sell when above 1.15x, allocating larger positions to targets with deeper discounts.
Trump Media holds approximately $891 million in Bitcoin, reports Q2 loss of $238 million and adjusts digital asset treasury strategy
Social media and financial services company Trump Media stated it will adjust its digital asset treasury strategy to allocate more resources to Truth Social, Truth+, and other media businesses while maintaining long-term digital asset exposure and managing market volatility. Trump Media reported a net loss of $238 million in Q2, including $190.4 million in unrealized losses from digital assets, staked digital assets, and equity securities. The company disclosed holding 9,477.16 Bitcoins as of June 30, with another 2,077.34 used as collateral for option strategies. In July, the company sold $159.6 million worth of Bitcoin-related securities and purchased Bitcoin; as of July 31, including staked Bitcoin, it holds approximately 14,139 coins valued at about $890.5 million. The company also warned of counterparty credit risks and potential unrecoverability of assets associated with lending and allocation arrangements.
Metaplanet announces private placement of $1.25 million Bitbonds with annual interest rates of 4% to 4.3%
Metaplanet announced a private placement of $1.25 million Bitbonds through Metaplanet Securities, with annual interest rates ranging from 4% to 4.3%. This issuance will help Metaplanet raise funds at a cost lower than most Bitcoin treasury companies to increase its Bitcoin holdings.
Representative ETH Treasury Listed Companies
Bitmine adds 9,926 ETH last week, BTC holdings increase to 210 coins
Ethereum treasury company Bitmine Immersion Technologies disclosed adding 9,926 ETH last week. The company's current crypto asset holdings include 5,815,164 ETH, 210 BTC, $73 million worth of equity in Eightco Holdings, and $180 million worth of shares in Beast Industries. Currently, Bitmine has staked 5,067,309 ETH (valued at approximately $9.6 billion).
Bitmine announces 2026 dividend schedule for 17 periods for preferred stock BMNP, highest dividend per share $0.2639
Ethereum treasury company Bitmine announced that its Board of Directors has approved the cash dividend arrangement for its New York Stock Exchange-listed Series A Perpetual Preferred Stock (ticker: BMNP) for the next 17 periods in 2026. According to the announcement, BMNP holders will receive cash dividends per the preferred stock terms, with the dividend cycle covering August to December 2026. Most single-period dividend amounts are $0.1847 per share, some cycles are $0.1583 per share, and the final period dividend at year-end reaches a maximum of $0.2639 per share. Bitmine stated that the relevant dividends will be paid in cash, complying with the designated terms of the Series A Preferred Stock.
It is reported that BMNP is Bitmine's permanent preferred stock product listed on the NYSE with a fixed dividend rate of 9.50%.
Sharplink expands ETH treasury strategy, allocating $200 million ETH to Lido staking
Ethereum treasury company Sharplink (Nasdaq: SBET) announced it will stake $200 million worth of ETH through Lido, the largest Ethereum liquid staking protocol, to enhance the yield-generating capacity of its ETH assets. Sharplink stated that after this staking, the company will receive wrapped staked ETH (wstETH) representing the staked ETH and its rewards, with institutional-grade digital asset custodian Anchorage Digital responsible for custody. This allocation will further expand Sharplink's existing ETH staking and restaking strategies. Lido is currently one of Ethereum's largest liquid staking protocols, with approximately $16.5 billion in ETH staked on its platform, and its wstETH token is integrated into over 100 protocols. Sharplink CEO Joseph Chalom said introducing Lido will further improve the productivity of the company's ETH assets, leveraging the composability of wstETH while maintaining institutional-grade risk management standards.
SharpLink holds $1.46 billion worth of Ethereum, reports Q2 loss of $394 million
The second-largest Ethereum treasury company SharpLink disclosed a net loss of $394 million for Q2 2026, compared to a loss of $103 million in the same period last year. The loss includes $321 million in unrealized crypto asset losses and a $76 million impairment on staked ETH.
SharpLink's Q2 revenue was $11.5 million, including $11.1 million from ETH staking income; cash and cash equivalents were $56 million, higher than $28 million in December 2025.
SharpLink currently holds approximately 863,000 ETH, with a total value of $1.46 billion, ranking second. The company also holds 632,784 ETH and 181,321 ETH held through various liquid staked ETH tokens, valued at $1.2 billion and $343 million respectively.
Representative SOL Treasury Listed Companies
Holding 7.8 million SOL, Forward Industries reports Q3 net loss of $69 million
Nasdaq-listed company Forward Industries announced its Q3 2026 financial results, reporting a net loss of $69 million, primarily due to impairment losses from fair value adjustments of its held Solana assets under U.S. GAAP. The company held approximately 7.55 million SOL at quarter-end, with SOL holdings per share growing 9% QoQ to 0.0730 coins; during the quarter, it added over 500,000 SOL through purchases and staking and repurchased 2.5 million shares. Quarterly revenue grew over 4 times YoY to $10.8 million, mainly from SOL staking and other financing business income. As of August 3, the company holds approximately 7.8 million SOL, with SOL holdings per share rising to 0.0754 coins. Following the earnings report, FWDI stock price fell up to 1.36% in after-hours trading.
Representative Altcoin Treasury Listed Companies
Family office Duquesne first discloses $23 million stake in HYPE treasury company PURR
The 13F filing for Q2 2026 submitted by the Duquesne Family Office (Stanley Druckenmiller's family office) to the U.S. Securities and Exchange Commission (SEC) shows that as of June 30, Duquesne disclosed for the first time a $23 million stake in HYPE treasury company Hyperliquid Strategies Inc (Nasdaq ticker: PURR).
Previous information indicated that Federal Reserve Chairman (Author's note: likely referring to a past or hypothetical Fed Chair) Wash previously worked at the Duquesne Family Office; his main assets prior to appointment exceeded $100 million, including two investments related to the Duquesne Family Office each over $50 million, possibly related to his advisory work for the family office.
Holding value approximately $129 million, Cypherpunk Technologies reports Q2 net profit of $39.39 million
ZEC treasury company Cypherpunk Technologies (Nasdaq: CYPH) released its Q2 2026 financial results, reporting a net profit of $39.39 million, or $0.18 per diluted share; a net loss of $16.64 million and an operating loss of $4.69 million were reported for the same period last year. R&D expenses were $200,000, down from $10.54 million YoY, mainly due to completed clinical trials; general and administrative expenses were $4.49 million, an increase of $2.75 million YoY, primarily due to increased equity incentives. As of June 30, the company's cash balance was $7.6 million.
In Q2, the price of ZEC rose from $243.35 to $400.09, bringing the company a $46 million non-cash floating gain. As of August 11, 2026, the company cumulatively holds 323,400 ZEC with an average holding cost of approximately $341.83 per coin, accounting for about 1.92% of ZEC's total circulating supply.
Value drops to $16.4 million; listed company Greenlane's BERA token holdings down 76.6% from cost basis
As of the end of Q2, the crypto treasury of listed company Greenlane Holdings, centered around Berachain's BERA token, was valued at approximately $16.4 million, holding 81.3 million BERA tokens, representing a 76.6% decline from an approximate $70 million cost basis. BERA is down 75.9% year-to-date. Greenlane reported a non-cash fair value loss on digital assets of $19.1 million for the quarter, leading to a net loss of $24.8 million; its digital assets division generated $309,000 in staking and yield income during the same period.
StablecoinX holds $218 million worth of ENA, approximately 20% of total supply
StablecoinX, a listed company, disclosed in its latest operational report that it holds approximately 3 billion ENA tokens, accounting for about 20% of the token's total supply. The company began trading under the ticker USDE on June 26 after completing a merger with TLGY Acquisition Corp.
Ethena Foundation provided 284.95 million ENA to StablecoinX, and PIPE investors provided approximately 2.75 billion via cash and tokens. Based on ENA's closing price of $0.07204 on June 30, this holding's market value is $218.4 million, with a book value of $212.9 million.
StablecoinX reported a quarterly loss of $34.2 million, including a $36.2 million ENA impairment charge, with an adjusted loss of $188,200. As of July 31, Ethena's USDe supply reached $3.9 billion, with cumulative protocol fees exceeding $800 million.
