Editor's Note: As mentioned in last week's Coin Stock Barometer, after the initial turmoil of the Iran-Israel situation, crypto concept stocks, especially a number of leading stock targets, have carved out their own independent trajectory amid the downward trend in U.S. stocks, with impressive gains over the past seven days. In particular, Circle (CRCL), which we previously discussed in the article "Behind Circle's Strong Stock Rebound: AI, Prediction Markets, and Institutional Adoption," has seen its stock price continue to rise, now approaching $130, with less than a 16% increase needed to reach the target price of $150, and is expected to maintain its upward trend this month. Additionally, by leading a $75 million investment in WLD treasury company Eightco Holdings Inc., Bitmine has capitalized on the crypto market's rebound, with its stock price rising over 15% in the past seven days. Bitdeer, adhering to its "sell BTC" strategy by continuously selling mining output, has gained market recognition, with its stock price rising nearly 10% over the past seven days, making it worth long-term attention.
Below is a summary of last week's crypto stock market information compiled by Odaily Planet Daily. All U.S. stock data are from msx.com.
Crypto Concept Stock Review: Crypto Concept Stocks Become Safe Havens Amid Geopolitical Shocks
Wall Street's Big Three Remain Bullish on U.S. Stocks: Geopolitical Shocks Don't Alter Bull Market
Strategists from major Wall Street banks say their bullish case for U.S. stocks remains intact despite risks from the Iran war. Rising oil prices, cost-of-living concerns, and uncertainty over the Federal Reserve's interest rate outlook have driven the S&P 500 (SPX) to its worst two-week performance since the tariff turmoil of last year. Nevertheless, strategists from Goldman Sachs Group, Morgan Stanley, and JPMorgan point to earnings growth and valuations as providing support, noting that while valuations remain high, they are not as extreme as before. Wilson's baseline year-end target for the S&P 500 is 7,800 points, implying about an 18% upside from last Friday's close. Goldman's Snider expects the benchmark index to rebound to 7,600 points.
As the war enters its third week, a sharp rise in crude oil has pushed up U.S. Treasury yields and weakened bets on Fed rate cuts due to heightened inflation concerns. The Strait of Hormuz has become a focal point, with any prolonged disruption likely to exacerbate market worries about deepening global economic risks from the conflict. Despite this, U.S. stocks have so far seen only a moderate pullback since the outbreak of the war, with less than 20% of developed market stocks in technical oversold territory.
Analysis: Bitcoin Outperforms Gold and Stocks Amid Global Turmoil, with ETFs and Strategy Increasing Accumulation
Bitcoin and Ethereum have recently outperformed gold and global stocks, highlighting safe-haven demand amid geopolitical tensions. Wall Street brokerage Bernstein notes that Bitcoin's resilience reflects a fundamental shift in its ownership structure, with institutional investors now dominating the market. On the institutional holdings front, Strategy, dubbed "Bitcoin's last central bank," continues to buy Bitcoin during market downturns. It recently purchased 22,337 BTC at an average price of approximately $70,194 per coin, bringing its total holdings to 761,068 BTC, with an average cost of about $75,696. Analysis indicates that Bitcoin's recent performance under geopolitical pressure has reignited discussions about its role as "digital gold." Strategy stock (MSTR) currently trades at about a 14% discount to its Bitcoin net asset value, offering stock investors a high-beta way to participate in Bitcoin's rise. Through high-yield financing provided by STRC products, Strategy further gains liquidity to support market purchases.
Meanwhile, spot Bitcoin ETFs have attracted approximately $2.1 billion in inflows over the past three weeks, accounting for about 6.1% of the total supply. Institutional investors include wealth management firms, pension funds, and sovereign investors. Retail investors have been net sellers recently, but long-term holder dominance remains high, with about 60% of Bitcoin not moving in a year, indicating the persistence of long-term value storage attributes.
Weekly Updates on Crypto Stock Listed Companies
Representative BTC Treasury Listed Companies
Last week, global listed companies net purchased $1.57 billion worth of BTC. Strategy purchased 22,337 Bitcoin, a 22.7% increase in purchase amount compared to the previous week.
According to SoSoValue data, as of 8:30 AM Eastern Time on March 16, 2026, the total weekly net purchase of Bitcoin by global listed companies (excluding mining companies) was $1.57 billion, a 22.7% increase compared to the previous week.
Strategy (formerly MicroStrategy) announced on March 16 an investment of $1.57 billion (a 22.7% increase compared to the previous week's purchase amount) to acquire 22,337 Bitcoin at $70,194 each, bringing its total holdings to 761,068.
Japanese listed company Metaplanet did not purchase Bitcoin last week, marking the ninth consecutive week without a purchase.
Additionally, two other companies purchased Bitcoin last week. UK Bitcoin company The Smarter Web Company announced on March 10 an investment of $200,000 to purchase 3 Bitcoin at $65,291 each, bringing its total holdings to 2,695; UK Bitcoin company BHODL announced on March 13 an investment to purchase 1 Bitcoin at $71,161.
Nasdaq-listed company Zeta Network Group Inc. announced the issuance of $10 million in convertible bonds, with the first tranche of $6 million to be used for purchasing Bitcoin.
As of press time, the total Bitcoin holdings of the tracked global listed companies (excluding mining companies) amounted to 1.02 million, a 2.1% increase from the previous week, with a current market value of approximately $75.4 billion, accounting for 5.1% of Bitcoin's circulating market cap.
Metaplanet CEO: Metaplanet May Raise $234 Million to Buy BTC, Has Issued 100 Million Moving Strike Warrants with mNAV Terms
Metaplanet CEO Simon Gerovich stated that the company has issued 100 million moving strike warrants with mNAV terms. By design, these warrants can only be exercised when the company's share price exceeds 1.01 times the mNAV, ensuring that each new share issued enhances shareholder value.
Simon Gerovich indicated that this mechanism is expected to raise approximately $234 million in additional funds for the company to purchase Bitcoin, with exercise only triggered when it has a positive effect on the per-share BTC holding.
Representative ETH Treasury Listed Companies
Ethereum Foundation Sells 5,000 ETH to BitMine for $10.2 Million Last Week
The Ethereum Foundation completed an over-the-counter transaction, selling 5,000 ETH to BitMine Immersion Technologies at $2,042.96 per ETH, for a total value of approximately $10.2 million. The transaction was conducted via an on-chain transfer from the Ethereum Foundation's Safe multi-signature wallet. The Ethereum Foundation posted on X platform that the proceeds will be used to support core operations of the Ethereum ecosystem, including protocol development, community grants, and broader ecosystem building.
BitMine Immersion Technologies is listed on the NYSE American under the ticker BMNR, with Fundstrat co-founder Tom Lee serving as Chairman. The company currently holds over 4.5 million ETH, valued at approximately $9.3 billion, and has been continuously accumulating ETH since mid-2025.
This is the Ethereum Foundation's second OTC sale of ETH to a corporate buyer. In July 2025, the foundation sold 10,000 ETH to SharpLink Gaming at an average price of $2,572.37, in a transaction worth approximately $25.7 million. These transactions are part of the Ethereum Foundation's financial management framework launched in June 2025, which allows the foundation to periodically convert part of its ETH holdings into fiat reserves to support operational expenses. Additionally, the Ethereum Foundation recently plans to deploy about 70,000 ETH to validator nodes for staking.
Representative SOL Treasury Listed Companies
None.
Representative Altcoin Treasury Listed Companies
Eightco Holdings Secures $125 Million Funding Commitment, Bitmine to Lead with $75 Million
Nasdaq-listed company Eightco Holdings announced a new funding commitment of $125 million. ETH treasury company Bitmine will lead the round with a $75 million investment, ARK Invest has committed to invest at least $25 million, and Payward, the parent company of crypto platform Kraken, has also committed $25 million to ORBS. The new funds will support its business expansion and investment in technologies shaping the next generation of AI, blockchain infrastructure, and global digital consumer platforms. The company also stated it will continue to hold Worldcoin, co-founded by Sam Altman, and Ethereum, maintaining a long-term bullish outlook on the ERC-20 protocol. Bitmine Chairman Tom Lee will join the Eightco Holdings board. ARK Invest Chief Futurist Brett Winton will serve as an advisor to the ORBS board, while Dan Ives will step down as Chairman of ORBS.
U.S.-Listed Company Cypherpunk Invests $5 Million in Zcash Open Development Lab
Nasdaq-listed company Cypherpunk Technologies announced a $5 million investment in the Zcash Open Development Lab (ZODL), founded by former Electric Coin Company (ECC) CEO Josh Swihart. This marks the company's first technology investment outside of ZEC. ZODL currently holds the Zashi wallet technology and related intellectual property, aiming to continue wallet development and support Zcash at the protocol level.









