Editor's Note: Last week, influenced by the Federal Reserve's decision not to cut interest rates and news of Trump nominating Kevin Warsh as the new Fed Chair, the cryptocurrency market, along with precious metals like gold and silver, and even traditional financial markets, experienced another flash crash. BTC once fell below $76,000, and ETH once fell below $2,200. As a result, paper losses for related holdings of leading crypto-concept stocks like Strategy and Bitmine further widened, leading to a decline in their stock prices. Currently, the key level for BTC is in the $74,000-$76,000 range; the key support level for ETH is in the $2,000-$2,200 range. Without other positive news stimuli, crypto-concept stocks may continue to trend lower.
The following is a summary of last week's currency and stock market information compiled by Odaily Planet Daily. All U.S. stock data are from msx.com.
Broad Market Continues Decline, Crypto-Concept Stocks Keep Falling
Ark Invest Buys the Dip in Crypto-Concept Stocks Like Circle, Bitmine, and Bullish
Against the backdrop of a continued pullback in the crypto market and related stocks, Ark Invest continued to buy the dip in several crypto-concept companies. Trading documents show that Ark bought approximately $9.4 million worth of Circle stock on Monday through two of its ETFs; it also increased its holdings of Ethereum treasury company Bitmine by approximately $6.25 million and crypto exchange Bullish by approximately $6 million. Additionally, Ark made small additions to Block and Coinbase, amounting to approximately $1.9 million and $1.25 million, respectively.
It was reported that the stock prices of the aforementioned companies have recently seen significant declines, with Circle's stock price falling about 65% over the past six months, and Bitmine, Bullish, and Coinbase also recording varying degrees of decline on the day. Analysis suggests that Ark's move indicates its maintained long-term bullish stance on the crypto industry during the market adjustment phase. Previously, Ark CEO Cathie Wood also stated that the recent strength in gold prices might signal the arrival of the next Bitcoin bull market.
It is worth mentioning that Cathie Wood had previously stated that, contrary to the current consensus, BTC, ETH, SOL, and HYPE could be good diversification choices. Since early 2020, the correlation between BTC price and gold price has been low, at only 0.14. In the past two major BTC bull markets, gold's performance led that of BTC.
Finally, boosted by recent positive news such as sustained increases in gold and silver contract trading volume and testing of native prediction markets, HYPE's price rose significantly. The stock price of its DAT company, Hyperion Defi, Inc, surged about 23% in the past 7 days, leading the gainers list for crypto-concept stocks.
Weekly Updates on Listed Companies in Currency and Stocks
Representative BTC Treasury Listed Companies
Last week, global listed companies net bought $123 million worth of BTC; Strategy invested $75.3 million to purchase 855 bitcoins.
According to SoSoValue data, as of 8:30 AM EST on February 3, 2026, the total net weekly purchase of bitcoin by global listed companies (excluding mining companies) was $123 million, a decrease of 57.6% compared to the previous week.
Strategy (formerly MicroStrategy) announced on February 3 that it invested $75.3 million (a 71.4% decrease compared to last week's purchase amount) to acquire 855 bitcoins at an average price of $87,974, bringing its total holdings to 713,502 bitcoins.
Japanese listed company Metaplanet did not purchase any bitcoin last week, marking the third consecutive week without a purchase.
Additionally, 3 other companies purchased bitcoin last week. Japanese food brand DayDayCook announced on January 28 and January 29 an investment of $17.63 million to purchase 100 bitcoins at $88,130 and 100 bitcoins at $88,170, bringing its total holdings to 1,783 bitcoins; American Bitcoin Company purchased 416 bitcoins on January 27, with the specific investment amount and purchase price undisclosed, bringing its total holdings to 5,843 bitcoins; Bitcoin asset management company Strive invested $30 million on January 28 to acquire 333.89 bitcoins at an average price of $89,851, bringing its total holdings to 13,131.82 bitcoins.
Metaplanet announced financing through a third-party placement of ordinary shares and the issuance of the 25th series of subscription warrants, expecting to raise approximately $135 million. The raised funds will be used to increase bitcoin holdings. French bitcoin company Capital B announced the renewal of a €300 million ATM capital increase plan with asset management institution TOBAM; the raised funds will be used to continue increasing bitcoin holdings.
As of press time, the total bitcoin holdings of the tracked global listed companies (excluding mining companies) amounted to 974,140 bitcoins, an increase of 1.16% compared to the previous week. The current market value is approximately $76.01 billion, accounting for 4.9% of Bitcoin's circulating market cap.
Strategy: Raised $7.4 billion through digital credit in 2025, has cumulatively paid $413 million in distributions.
Strategy announced that in 2025, the company raised a total of approximately $7.4 billion through its perpetual preferred stock instrument (digital credit) and has cumulatively paid $413 million in distributions.
The announcement showed that in 2025, Strategy completed 5 IPOs of digital credit instruments, raising approximately $5.5 billion, and subsequently raised an additional approximately $1.9 billion through an ATM (At-The-Market) offering. The weighted annualized dividend yield for these instruments is approximately 9.6%.
Strategy also stated that, for U.S. federal income tax purposes, the distributions paid by the company to the preferred equity instruments in 2025, to the extent they do not exceed the shareholder's corresponding tax basis, are classified as tax-free returns of capital. The company expects that for the foreseeable future (10 years or longer), related distributions will continue to be treated as returns of capital.
Representative ETH Treasury Listed Companies
Multiple ETH treasury companies report losses; BitMine's ETH holdings show a paper loss of $6.95 billion.
On February 2, affected by the decline in the crypto market, corporate Bitcoin and Ethereum treasuries faced severe paper losses. BitMine, as the company holding the most ETH, currently has paper losses on its holdings reaching $6.95 billion. Its average holding cost is $3,883, while ETH's current price has fallen to $2,240. Additionally, SharpLink Gaming faces a paper loss of $1.09 billion.
Due to market pressure, some institutions have begun reducing their positions. Trend Research (0x4a2...b82) sold a cumulative 53,589 ETH today to repay debt, worth approximately $123 million. Although the institution still holds 618,000 ETH, it has incurred over $534 million in paper losses. Trend Research founder Jack Yi stated that previously believing ETH was undervalued and being prematurely bullish when it was at $3,000 was a mistake. Meanwhile, Nansen data shows Smart Money addresses bought $38.3 million worth of ETH against the market trend in the past week.
Tom Lee: Bitmine currently has no debt, recent market pullback is "highly attractive".
On February 2, Tom Lee, Chairman of Ethereum treasury company Bitmine, stated that Bitmine has just updated its ETH and cash holdings. The company currently has no debt. Given the strengthening fundamentals of Ethereum, the recent market pullback is "highly attractive". As of February 1, Bitmine has staked 2,897,459 ETH (about 67% of its total ETH holdings), an increase of 888,192 from last week. The annual value of ETH staking rewards is estimated to reach $374 million, equivalent to $1 million per day.
Representative Altcoin Treasury Listed Companies
Nasdaq-listed company Tron purchases another 173,051 TRX tokens.
Nasdaq-listed company Tron announced that it purchased another 173,051 TRX tokens today at an average price of $0.29, further increasing its TRX treasury holdings to over 679.2 million tokens. The company plans to further increase its Tron DAT holdings to enhance long-term shareholder value.
