Editor's Note: With Bitcoin briefly falling below the $100,000 mark, the crypto market experienced another wave of panic following the "October 11th crash." Meanwhile, perhaps influenced by celebrity endorsements, market demand, and hype, established projects in the privacy and storage sectors briefly enjoyed a period of high performance. However, cryptocurrency stocks as a whole continued their downward trend along with the market decline. During this downturn, Coinbase and Robinhood maintained relatively low stock price volatility due to their new businesses such as prediction markets and launch platforms, generating high market expectations. Readers are advised to pay attention to the stock price trends of leading companies and, in conjunction with the overall market trend, to appropriately implement profit-taking and loss-cutting measures. The following is a summary of last week's cryptocurrency and stock market information compiled by Odaily Planet Daily. All US stock data is from msx.com .
Weekly Summary
Representative companies of BTC Treasury listed companies
According to SoSoValue data, as of November 10, 2025 (Eastern Time), the total net selling of Bitcoin by global listed companies (excluding mining companies) last week was $53.72 million, a decrease of 114.68% compared to the previous week.
Strategy (formerly MicroStrategy) invested $49.9 million last week to acquire 487 Bitcoins at a price of $102,557, bringing its total holdings to 641,692 Bitcoins.
Metaplanet, a Japanese publicly traded company, did not purchase any Bitcoin last week.
In addition, three other companies purchased Bitcoin last week:
- On November 4th, The Smarter Web Company, a UK-based web design and development company, announced an investment of $400,000 to acquire 4 more Bitcoins at a price of $108,510 each, bringing its total holdings to 2,664 Bitcoins.
- On November 6, the UK-based Bitcoin reserve company B HODL announced an investment of $570,000 to acquire 5 more Bitcoins at a price of $111,655 each, bringing its total holdings to 153,039 Bitcoins.
- Prenetics, a Hong Kong-based genetic testing and health technology company, invested US$710,000 this week to purchase 7 bitcoins, bringing its total holdings to 387,421.
- French semiconductor foundry Sequans sold 970 bitcoins last week at a price of $108,600, earning $105 million. Its current total holdings are 2,264 bitcoins.
As of press time, the total number of Bitcoins held by listed companies worldwide (excluding mining companies) is 875,120, with a current market value of approximately US$93.15 billion, accounting for 4.39% of Bitcoin's circulating market capitalization.
On November 10, Nasdaq-listed Strive announced the completion of a 2 million share offering of variable-rate Series A perpetual preferred stock at $80 per share, raising a total of $160 million. The company also disclosed that it purchased 1,567 bitcoins at an average price of $103,315, bringing its total bitcoin holdings to 7,525 as of November 10.
On November 7, American Bitcoin (ABTC), a mining company owned by the Trump family and a publicly listed company on the US stock market, announced on the X platform that it has purchased another 139 BTC since the announcement on October 24, 2025. The total number of BTC held has reached 4,004, and the value of each satoshi (SPS) is 432 satoshis.
On November 5, according to Coinpost, Japanese listed company Metaplanet completed a $100 million (approximately 15.3 billion yen) financing round on October 31, secured by its holdings of Bitcoin.
The funds raised will primarily be used to purchase additional Bitcoin, while also being invested in revenue-generating business expansion and share buybacks. As of October 31, the company held 30,823 BTC, and this loan represents approximately 3% of its holdings. The company stated that it will avoid excessive leverage and will only borrow within its capacity to maintain sufficient collateral.
US-listed company Sequans sold 970 bitcoins to reduce debt, causing its stock price to plummet 16%.
On November 5th, US-listed semiconductor company Sequans (NASDAQ: SQNS) saw its stock price fall 16.6% to $5.92 on Tuesday, a drop of nearly 89% from its 2025 high of $53.90, after selling approximately 970 bitcoins to redeem half of its convertible debt. Sequans stated that this move was a "strategic asset reallocation," reducing its outstanding debt from $189 million to $94.5 million by selling approximately 30% of its bitcoin holdings (from 3,234 to 2,264).
CEO Georges Karam stated that the company's long-term belief in Bitcoin remains unchanged, but this sale was a tactical decision based on market conditions aimed at unlocking shareholder value. He added that the transaction strengthens the company's financial foundation, removes some debt constraints, and will create space for Sequans to pursue further strategic developments while maintaining Bitcoin as a long-term strategic reserve asset. Sequans is currently the 33rd largest corporate Bitcoin holder globally, a drop of four places from its purchase in July.
Bitcoin treasury company Hyperscale Data raises $125 million through its ATM program.
On November 5th, Hyperscale Data Inc., a US-listed Bitcoin treasury company, sold 255,490,454 Class A common shares, completing a $125 million At-The-Market Program (ATM) funding round. This stock offering reportedly provides Hyperscale Data with the funds to support its continued expansion of infrastructure services capabilities at the intersection of cryptocurrency and artificial intelligence.
Representative companies of the ETH Treasury listed companies
On November 10, Canadian publicly traded company Republic Technologies announced that it had raised $100 million through a zero-coupon convertible note issuance. The new funds will be used to purchase ETH and expand its staking business.
On November 10, Ethereum treasury company BitMine announced that it had increased its holdings by 110,288 ETH last week, bringing its total Ethereum holdings to 3,505,723. In addition, the company also disclosed that it currently holds 192 Bitcoins and $61 million worth of shares in Eightco Holdings.
Bit Digital: ETH holdings increased to 153,547, worth approximately $590 million.
On November 7th, Ethereum treasury company Bit Digital disclosed that as of October 31, 2025, the company held 153,547 ETH, with a market value of approximately $590 million. 132,480 ETH were staked, representing 86.3% of the total holdings. Staking activities generated approximately 249 ETH in rewards that month.
Representative companies of SOL Treasury listed companies
Solana Company initiates $100 million stock buyback program
On November 5, Solana Company, a Nasdaq-listed company specializing in SOL, announced that its board of directors had approved a share repurchase program to buy back $100 million of the company's outstanding common stock in order to further support the company's acquisition and holding of SOL.
Solana Treasury company Solmate Infrastructure launches SOL Validation Node in the UAE
On November 6, Solmate Infrastructure, a Nasdaq-listed treasury company based in Solana, announced the launch of SOL validator nodes in the UAE, allowing local users to stake SOL tokens and receive rewards directly from Solmate's validator nodes.
Solana Treasury Forward has accumulated losses of $382 million, and its mNAV has fallen below $1.
On November 5th, according to DefiLlama data, Forward Industries (ticker symbol: FORD), a Nasdaq-listed Solana treasury company, currently holds approximately 6.82 million SOL tokens, with an average purchase price of approximately $232. Based on the current market price, the total value is approximately $1.2 billion, representing a paper loss of approximately 24.13% and a cumulative loss of approximately $382 million. According to Yahoo Finance data, the company's stock price has fallen from a high of $39.6 to the current $10.44, a drop of approximately 73.6%. Although Forward still holds $1.2 billion worth of SOL assets, the company's current total market capitalization has decreased to approximately $900 million, and its mNAV (market capitalization to net assets ratio) has fallen below 1, indicating that the market valuation is significantly lower than its book asset value. Previously, on November 4th, Forward Industries' board of directors approved a $1 billion stock buyback program .
Representative companies of altcoin treasury listed companies
On November 5, Nasdaq-listed Streamex announced that it had completed a $25 million first tranche of convertible bond financing. Cantor, Clear Street, and Needham & Company, LLC acted as placement agents. The company will use the funds to purchase physical gold, thereby strengthening Streamex’s gold tokenization plan and maintaining its gold-backed balance sheet strategy.
CryptoQuant: Multiple cryptocurrency treasury firms face pressure from unrealized losses.
On November 7th, crypto research firm CryptoQuant published an article stating that Bitcoin is facing pressure, and so are the treasury firms holding Bitcoin assets. Not only are Bitcoin-holding treasury firms affected, but those holding altcoins are also impacted. For example, Evernorth's XRP position has incurred $78 million in unrealized losses, despite only entering the market 2.5 weeks ago. Furthermore, Strategy's stock price has fallen by 53%, and is currently trading near the lower end of the MSTR price range ($221) based on its Bitcoin holdings. Metaplanet holds 30.8 Bitcoins at an average purchase price of $106,000; its unrealized losses are approximately $120 million, and its stock price has fallen by about 80% from its all-time high. Since the market crash on October 11th, Bitmine has added 442,000 Ethereum to its portfolio, but they still face approximately $2.1 billion in unrealized losses.
- 核心观点：加密市场下行，上市公司持仓分化显著。
- 关键要素：
- 全球上市公司净卖出比特币5372万美元。
- Strategy等公司逆势增持，Metaplanet融资加仓。
- 多家公司面临巨额未实现亏损压力。
- 市场影响：加剧市场波动，考验企业持仓策略。
- 时效性标注：短期影响
IOS
Android