Editor's Note: In last week's Coin-Stock Barometer, we introduced the on-chain meme stock and token trends on Robinhood Chain. This week, the main focus of the crypto market remains on this sector. However, as time passes, the market fervor and the token valuation ceiling have gradually started to cool. Coupled with the debate over the 'legitimacy of stock tokenization' between the CEOs of AMC and Robinhood, meme coins related to on-chain stocks may face some correction, potentially making short targets more profitable.
Regarding the South Korean stock market, there have been significant changes to trading hours. It is reported that the Korea Exchange recently launched after-hours trading. The regular stock trading session remains from 9 AM to 3:30 PM. Under the new system, after the official market close, investors can continue trading until 8 PM. Concerning pre-market trading, due to feedback from the securities industry citing heavy burdens on IT system development and personnel operations, the Korea Exchange has postponed the originally planned simultaneous launch of the pre-market trading system from September 14th to the end of 2027.
For the US stock market, after the unexpected heating of core CPI inflation in August, expectations for a September Fed rate hike surged rapidly. As the rate hike this week becomes a high-probability event, market focus shifts to 'how will US stocks perform after the hike?'. LPL Financial's chief equity strategist, Jeff Buchbinder, analyzed six Fed tightening cycles since 1994. The results show that the S&P 500 index typically performs weakly in the short term following the first rate hike, but results one year later are significantly better than in the initial months. Previously, due to AI model safety concerns, AI giants like Anthropic and OpenAI called for slowing down AI model development. This led to a short-term correction in AI-related listed company stocks. Considering the Fed rate hike is almost certain, the US stock market experienced a sharp decline. However, J.P. Morgan bucked the trend by reiterating its bullish stance, warning that blind pessimism could lead to missing the market rebound. J.P. Morgan's global and European equity strategist, Mislav Matejka, believes that if US President Trump subsequently tries to de-escalate the Middle East situation diplomatically, or if third-quarter earnings exceed expectations, excessive shorting forces may face a fierce rebound from funds covering their positions.
For more information on the coin-stock market, please visit MSX.COM. (Odaily Planet Daily Note: The content of this article does not constitute investment advice and is for learning and exchange purposes only.)
Weekly Update on Dynamics of Coin-Stock Listed Companies
Representative Companies Among BTC Treasury Listed Firms
Listed Companies Net Sold $21.63 Million Weekly; Strategy Fails to Add Bitcoin for Two Consecutive Weeks
According to SoSoValue data, as of 8 AM EST on September 14th, 2026, the total weekly net sales of Bitcoin by global listed companies (excluding mining companies) last week amounted to $21.63 million, a decrease of 108.1% compared to the previous week.
Strategy (formerly MicroStrategy) did not purchase Bitcoin last week, marking two consecutive weeks without buying.
Japanese listed company Metaplanet did not purchase Bitcoin last week, marking nine consecutive weeks without buying Bitcoin.
In addition, three other companies announced Bitcoin purchases or disclosed their Bitcoin holdings last week. Aerospace-grade defense battery thermal management and safety solutions provider KULR announced on September 11th that from August 20th to September 11th, 2026, it generated approximately $58.5 million in revenue by selling about 764 Bitcoins at an average price of $76,633, thereby exiting all its Bitcoin holdings. French Bitcoin company Capital B announced on September 14th that it purchased 4 Bitcoins at a price of $77,219, bringing its total holdings to 3,525 Bitcoins. Asset management company Strive announced on September 14th that last week it spent approximately $36.56 million to purchase 469 Bitcoins at an average price of $77,954, raising its total holdings to about 25,000 Bitcoins.
As of press time, the total Bitcoin holdings of the tracked global listed companies (excluding mining companies) amounted to 1,125,978 Bitcoins, an increase of 0.54% compared to last week. The current market value is approximately $87.52 billion, accounting for 5.6% of Bitcoin's circulating market capitalization.
Strategy Did Not Increase Bitcoin Holdings Last Week; US Dollar and Cash Reserves Drop to $6.398 Billion
According to market news, Bitcoin treasury company Strategy did not increase its Bitcoin holdings last week. Its US dollar and cash reserves dropped to $6.398 billion.
Strive's Market Cap Hits Record High of $2.62 Billion, Stock Price Rises to $27.70
BitcoinTreasuries.NET reported that Bitcoin treasury company Strive's market capitalization reached a new all-time high of $2.62 billion, with its stock price rising to $27.70. Over the past month, Strive's market cap has surpassed that of 545 listed companies.
Japanese Bitcoin Treasury Company Metaplanet to Establish Wholly-Owned Subsidiary in Hong Kong with Initial Capital of $1 Million
Metaplanet announced it will establish a wholly-owned subsidiary in Hong Kong, Metaplanet Asset Management Asia Limited, with an initial capital contribution of $1 million, expected to be formed in September 2026. This subsidiary will operate in coordination with Metaplanet Asset Management Inc., previously established in Miami, USA, responsible for executing asset purchase and sale transactions during Asian trading hours, as well as risk management tasks such as position monitoring and market dynamics. It will primarily invest in Bitcoin, Bitcoin-related stocks, and credit instruments such as preferred securities issued by Bitcoin treasury companies.
Exiting Bitcoin Treasury Strategy, KULR Sells Last 764 Bitcoins
Battery technology company KULR sold approximately 764 Bitcoins from August 20th to September 11th at an average price of about $76,633, generating approximately $58.6 million. As of September 11th, its Bitcoin holdings were reduced to zero.
KULR previously disclosed it had sold about 333 Bitcoins after June 30th, with approximately $20 million used to repay Coinbase debt. The filing did not disclose the cost basis, realized gains/losses, or detailed fund usage. The company stated funds will be prioritized for its core energy business and did not rule out the possibility of repurchasing Bitcoin in the future.
BTC Treasury Company Satsuma Sells All 669.4867 Bitcoins; Plans to Return £30.719 Million to Eligible Shareholders
Satsuma Technology sold all 669.4867 Bitcoins from July 24th to 31st at a volume-weighted average price of £46,767 per Bitcoin, generating £31.912 million. The UK High Court approved on September 8th the company's cancellation of 11.236 billion Class B shares and determined the return of £30.719 million to eligible shareholders, with £0.002734 returned per Class B share. Eligible shareholders received one Class B share for each ordinary share held at the record date. After deducting approximately £2.6 million in transaction and termination costs and retaining £2 million in working capital, the payments are expected to be made by check, bank account, or CREST on or before September 28th. The company previously expected to delist from London on September 14th, but confirmation of completion of this process is pending.
Representative Companies Among ETH Treasury Listed Firms
Bitmine Increases ETH Holdings by 27,180 Tokens Last Week; Staked ETH Quantity Unchanged
Ethereum treasury company Bitmine Immersion Technologies disclosed an increase of 27,180 ETH in its holdings last week. The company's crypto asset holdings include 5,956,378 ETH, 212 BTC, $98 million worth of equity in Eightco Holdings, and $180 million worth of shares in Beast Industries.
Furthermore, as of now, Bitmine has staked 5,067,309 ETH (valued at approximately $12.7 billion).
Canaan Clears Ethereum Holdings, Sells 3,952 ETH
Canaan Inc. released an unaudited operational data update for the period ending August 31st, 2026, disclosing that in late August, it sold its entire holding of 3,952 Ethereum at an average price of approximately $2,400 per token and sold 54 Bitcoin at an average price of approximately $79,000 per token. The company used part of the proceeds to repurchase approximately 13.6 million American Depositary Shares ('ADS'), bringing the cumulative total of ADS repurchased since the beginning of the year to approximately 16.4 million.
Representative Companies Among SOL Treasury Listed Firms
Solana Treasury Company SkyAI Shareholders Plan to Veto All Directors; Company Faces Governance Crisis
Bastion Trading Limited, a shareholder holding 9.99% of Solana treasury company SkyAI, stated in an SEC filing that it plans to vote against all five incumbent directors at the annual shareholder meeting on September 18th. Bastion expressed deep concerns about the company amending its bylaws to weaken shareholder rights, the board implementing a poison pill plan without shareholder vote, and related-party transactions. Independent director Annemarie Tierney resigned in December 2025, having previously raised potential conflicts of interest and related-party transaction issues to management. SkyAI, originally Sharps Technology, established a Solana treasury through a PIPE financing raising over $400 million in August 2025. It currently holds approximately 2 million SOL, with a current market value of about $59 million. Its stock price has accumulated a decline of approximately 86% over the past year.
DeFi Development Increases SOL Holdings to 2.3889 Million Tokens, Concurrently Launches $300 Million CHAD Issuance Plan
DeFi Development Corp. disclosed an addition of 55,491 tokens to its SOL reserves, bringing its holding size to approximately 2.3889 million SOL and SOL equivalents, an increase of about 2% compared to August 27th, 2026.
Simultaneously, the company established an at-the-market issuance program of up to $300 million for its Series C Perpetual Preferred Shares, CHAD, with an expected issue price not less than the $10 per share par value. Net proceeds will be primarily used to continue increasing SOL holdings.
The company stated that SOL's performance this quarter has outperformed the Nasdaq 100 Index by 39 percentage points, while DFDV's performance during the same period was twice that of SOL. CEO Joseph Onorati said this plan provides the company with a structure to make CHAD a new growth engine, with the issuance price not less than the $10 par value.
Representative Companies Among Altcoin Treasury Listed Firms
Newgenivf Discloses Crypto Asset Holdings: XRP Fully Sold; Holds ~13,000 SOL with ~$1.28 Million Loss
Nasdaq-listed company Newgenivf disclosed that the 146,400 XRP purchased during 2025 has been fully sold, with a profit of approximately $10,800. During the same period, the company also traded small amounts of BTC and ETH, retaining only approximately 13,000 SOL, resulting in a year-end loss of approximately $1.28 million.
