Editor's Note: In last week's Currency & Stock Barometer opinion section, we predicted that the crypto market might see a turnaround in late September. However, the reflexivity of the market has once again highlighted its charm. Benefiting from factors such as regulatory tailwinds from the U.S. government and optimistic statements and policies from Trump, the crypto market surged overnight and has entered a sustained bull run lasting a week, with BTC breaking $81,000 and ETH surpassing $2,500. Driven by this market trend, many crypto-related stocks have rebounded significantly, with Strategy, Bitmine, Circle and others performing particularly well. For more statistics on the rebound from lows, we recommend reading "BTC Returns to $80,000, Crypto-Related Stocks Finally Show Strength".
On the other hand, Japanese and South Korean stock markets are still in a price correction phase; the storage sector in the U.S. stock market is also experiencing a temporary downturn, and the rally in AI concept stocks has slowed significantly. According to The Kobeissi Letter, a macroeconomic account, last week saw the largest weekly net selling of U.S. stocks by hedge funds since the "Liberation Day" week in April 2025, ending three consecutive weeks of net buying. Among this, individual stocks accounted for about 53% of the total selling scale, with net selling concentrated in 9 out of 11 sectors, mainly in information technology, industrials, utilities, healthcare, and materials. Meanwhile, macro products like index futures and ETFs accounted for about 47% of the total selling scale. Additionally, hedge funds slightly increased their short positions in U.S.-listed ETFs, ending six consecutive weeks of short covering, indicating that hedge funds are significantly reducing their long exposure to U.S. stocks.
Separately, internet-famous economist Fu Peng recently pointed out that the market is currently in a vacuum period of proving or disproving AI (complete and viable commercial closed-loop). Market exuberance has cooled, switching from the logic of "rewards for the capital expenditure arms race" to "penalties for the capital expenditure arms race." In this environment, the previous punishment of Google's negative free cash flow and the shift to Apple in the U.S. stock market is a typical example of this switch, and similar dynamics are now playing out among Chinese internet giants.
JPMorgan strategist Jason Hunter noted that the current AI trading frenzy shares similarities with the tech stock bubble of 1999-2000. Excessive concentration of holdings in the tech sector could increase the risk of a correction. Additionally, persistently rising U.S. Treasury yields, Middle East geopolitical tensions, and slowing consumer spending are also listed by JPMorgan as potential sources of market stress. According to this view, the upcoming September may not be optimistic for the U.S. stock market.
For more information on the currency 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 exchange purposes only.)
Weekly Updates on Publicly Listed Companies in Currency & Stocks
Representative BTC Treasury Public Companies
Public companies' net weekly purchases increased by 1,431.6% WoW, Strategy realized $2.007 billion to increase cash reserves.
According to SoSoValue data, as of 8:00 AM ET on August 24, 2026, the total net weekly purchases of Bitcoin by global publicly listed companies (excluding mining companies) last week were $81.48 million, an increase of 1,431.6% compared to the previous week.
Strategy did not purchase or sell Bitcoin last week but sold 18,261,118 shares of MSTR common stock, generating proceeds of $2.007 billion.
Japanese listed company Metaplanet did not purchase Bitcoin last week, marking six consecutive weeks without purchases.
Additionally, two other companies announced Bitcoin purchases last week. Asset management company Strive announced on August 24 that it spent $81.48 million last week to purchase 1,110 Bitcoin at an average price of $73,409, bringing its total holdings to approximately 21,356 Bitcoin. Ethereum asset company Bitmine announced on August 24 the purchase of 1 Bitcoin (specific amount undisclosed), bringing its total holdings to 210 Bitcoin.
Furthermore, Boyaa Interactive announced on August 20 that during Q2 2026, it spent $7.35 million to purchase 108 Bitcoin at an average price of approximately $68,047. As of June 30, 2026, its total holdings reached 4,201 Bitcoin.
As of publication, the total Bitcoin holdings of the tracked global publicly listed companies (excluding mining companies) amount to 1,140,751 Bitcoin, an increase of 0.1% compared to last week. The current market value is approximately $89.52 billion, accounting for 5.7% of Bitcoin's circulating market cap.
Strategy holds 840,447 Bitcoin, with a paper profit of approximately $2.53 billion.
Bitcoin treasury company Strategy holds 840,447 Bitcoin with an average purchase price of $75,385. After Bitcoin's price rose for five consecutive days and broke above $78,000, this position returned to profitability for the first time since July.
Calculated at a Bitcoin price of $78,400, this position is worth approximately $65.89 billion, representing a paper profit of about $2.53 billion compared to the invested $63.36 billion, with a yield of about 4%. Over the past six weeks, the position's value has changed by about $15.5 billion.
Since May, Strategy has sold 6,948 Bitcoin, realizing approximately $432.5 million. During the same period, the company raised $334 million by selling MSTR shares, using the funds for preferred stock dividends, STRC repurchases, and USD reserves, the latter currently standing at $6.7 billion.
Strive CEO: Bitcoin bull market has just begun, company remains "All-in".
Strive CEO Matt Cole stated that February 19th was the bottom of ASST's bear market this cycle. Despite extremely pessimistic market sentiment towards the company at that time, his belief in Bitcoin and the company's long-term strategy remained unchanged. During this period, company executives and directors even used their own funds to purchase ASST stock, and some directors resigned from the board to join the company full-time. Strive stated that although ASST's stock price has risen significantly and market sentiment has clearly improved, the company's focus remains unchanged. They believe the Bitcoin bull market has just begun, the company has built a capital structure around Bitcoin to amplify its performance, and stated they are still "All-in."
Bitcoin treasury company BSTR terminates merger plan with Cantor Equity Partners.
Bitcoin treasury company BSTR Holdings announced it has reached an agreement with Cantor Equity Partners to terminate the business combination agreement signed on July 16, 2025. The termination reason is that under current market conditions, valuations of Bitcoin and listed Bitcoin treasury companies continue to face pressure, leading to capital market mismatches that limit the amplifying effect of financing tools like convertible bonds and perpetual preferred stock in Bitcoin treasury strategies. BSTR stated that once the market environment stabilizes, it will continue to advance its institutional-grade Bitcoin asset management business.
Metaplanet's U.S. subsidiary Super League raises $2.3 million in first ATM offering.
Super League is the Bitcoin treasury subsidiary established in the U.S. by Japan's Metaplanet. This financing marks the company's first capital raise through an ATM offering since the related transaction was announced. Metaplanet is raising funds through capital markets across two continents.
Representative ETH Treasury Public Companies
BitMine's asset scale reaches $14.9 billion, increases ETH holdings by 32,447 last week, total holdings rise to 5.8476 million.
As of 14:00 ET on August 23, BitMine holds 5,847,611 ETH, accounting for approximately 4.8% of Ethereum's total supply, with a new addition of 32,447 ETH last week. Its combined crypto assets, cash, marketable securities, and "Moonshot" investments total approximately $14.9 billion. This includes $308 million in cash and marketable securities, 210 BTC, $180 million in equity of Beast Industries, and an $89 million investment in Eightco Holdings. BitMine has staked 5,067,309 ETH, representing about 87% of its holdings, worth approximately $12.4 billion, with an estimated annualized staking revenue of about $330 million.
According to Bitmine's holdings data as of August 22, the company then held a total of 5,815,164 ETH with an average cost of $3,366. Based on ETH's price of $2,436 at that time, its total position's paper loss narrowed to $5.408 billion.
Tom Lee: Bitmine's ten-year vision is betting on Ethereum becoming the leading public chain for tokenization and AI applications.
Bitmine Chairman Tom Lee stated that Bitmine's historical contribution lies in helping Ethereum maintain its position as the most important public chain. He said that Ethereum's market cap surpassing Bitcoin is a "very plausible statement" and that Ethereum reaching $50,000, $100,000, or $200,000 would bring "legendary" returns to shareholders.
SharpLink Gaming stakes an additional 39,300 ETH, worth $91 million.
On August 21, according to Lookonchain monitoring, SharpLink Gaming (@Sharplink) staked an additional 39,300 ETH 4 hours ago, worth $91 million.
Representative SOL Treasury Public Companies
Solmate increases SOL holdings by 1000 last week, clarifies it won't change SOL treasury strategy.
Nasdaq-listed Solana treasury company Solmate Infrastructure announced an increase of 1000 SOL today. As of now, its total SOL holdings have reached approximately 1.25 million, with an estimated market value of approximately $102.2 million. Additionally, Solmate clarified that although it has begun venturing into the AI infrastructure field, this strategic shift will not change its long-term layout in the Solana ecosystem.
Representative Altcoin Treasury Public Companies
Nasdaq-listed company AIxCrypto plans to exit crypto assets and shift to robot leasing.
AIxCrypto Holdings plans to orderly exit its crypto asset holdings and transition to robot leasing business. As of June 30, the company holds 46 Bitcoin, 616 Ethereum, 6,659 Solana, 1,308 BNB, and small amounts of ADA, LINK, TRX, USDT, and XRP, with a total cost basis of $10.43 million and a fair value of $5.21 million. The company's operational cash burn in the first half was $7.94 million, with a cumulative loss of $150 million, and quarter-end cash was $577,000. The company did not conduct any crypto asset trading in Q2 and stated that volatility, market depth, and custody limitations may cause actual realized value to be significantly lower than book value.
WLD treasury company Eightco repurchases 14 million shares, digital asset treasury scale reaches $389 million.
Nasdaq-listed company Eightco Holdings (NASDAQ: ORBS) announced it has repurchased approximately 14 million shares of its stock over the past two weeks. Currently, the company's treasury asset scale is approximately $389 million.
According to company disclosures, Eightco's current treasury mainly includes approximately 302 million WLD (Worldcoin) tokens, 16,278 ETH, approximately $90 million in indirect OpenAI equity exposure, and an equity investment in Beast Industries worth approximately $18 million.
Eightco previously stated that the company is building an asset allocation system around three major trends: artificial intelligence, digital identity, and the creator economy. Its WLD holdings are an important part of its digital identity strategy, with the number of WLD held accounting for approximately 8% of the circulating supply, making it one of the larger disclosed institutional holdings.
Stanley Druckenmiller invests $87.8 million to buy shares in Bitdeer (BTDR) and Hyperliquid Strategies (PURR).
Duquesne Family Office founder Stanley Druckenmiller purchased 4.1 million shares of high-performance computing company Bitdeer Technologies Group (BTDR) in the second quarter, with a position value exceeding $64.7 million and an average purchase price of $12.26. The company manufactures cryptocurrency mining hardware and operates data centers in the U.S. and other regions.
Additionally, Druckenmiller bought 2.9 million shares of Hyperliquid Strategies (PURR), a digital asset treasury company in the HYPE space, with a position value of $23.1 million, indirectly gaining exposure to HYPE. Hyperliquid Strategies aims to provide U.S. and institutional investors with investment channels related to HYPE tokens.
Druckenmiller's moves align with similar increases in BTDR holdings by Jane Street and Citadel during the same period. Jane Street currently holds BTDR shares worth over $112 million. BlackRock, State Street, and Citadel also increased their PURR holdings in Q2; HYPE previously reached an all-time high due to news about related compliance progress.
