Cryptocurrency and Stock Market Trends | Strategy increased its holdings by over 10,000 BTC, bringing its total holdings to over 660,000 BTC; Bitmine's total assets reached $13.2 billion, with ETH holdings exceeding 3.86 million BTC (December 9th).

Editor's Note: The cryptocurrency market is experiencing volatility, and the US stock market is also seeing significant fluctuations due to the Federal Reserve's interest rate cuts and Trump's nomination of a new Fed Chair. Recently, Trump lifted the export ban on Nvidia's H200 chips, potentially signaling a new wave of speculative investment in US stocks, with AI concept stocks continuing to perform well. However, cryptocurrency mining companies are seeing their stock prices decline. Apart from previously strong performers like Cleanspark and Riot, American Bitcoin (ABTC), owned by the Trump family, has suffered heavy losses recently, with a drop of over 58% in the past month and over 25% in the past five days, currently trading at $2.02. Furthermore, the November mining data released by mining companies may be another factor contributing to the stock price decline.

The following is a summary of last week's cryptocurrency and stock market information compiled by Odaily Planet Daily. All US stock data comes from msx.com .

Sharp Commentary on Crypto Concept Stocks

Robinhood plans to launch its L2 network, further blurring the lines between crypto assets and traditional financial assets.

Robinhood recently announced a suite of crypto features and services, including staking for ETH and SOL (launching first in New York and planned for nationwide expansion upon regulatory approval). New services also include a tiered fee structure for high-net-worth U.S. traders, an enhanced crypto trading API, and cost-based tracking for simplified tax reporting.

In the European market, Robinhood has added perpetual futures contracts for tokens such as XRP, Dogecoin, and SUI, offering leverage up to 7x. This follows its previous launch of perpetual futures for BTC and ETH. Furthermore, European users will be able to trade over 1,000 tokenized US stocks and money market funds. The company also announced its Layer-2 scaling network project, officially named Robinhood Chain.

At a time when crypto stocks are generally suffering setbacks, this move signifies that Robinhood, as a major player in the traditional financial market, will be more deeply involved in the crypto space, making it worthy of long-term attention.

Whether the Federal Reserve cuts interest rates or not will be the biggest driver of recent fluctuations in US stocks; institutional opinions differ.

With the Federal Reserve's interest rate cut meeting approaching, mainstream institutions in the market do not entirely agree on the impact of this event.

JPMorgan strategists say the recent stock market rally may stall after the anticipated Federal Reserve rate cut, as investors take profits. Positive signals from policymakers in recent weeks have fueled continued betting activity, propelling the stock market higher. A team led by Mislav Matejka wrote, "Investors may be more inclined to lock in gains before year-end rather than further increase directional exposure. Rate cut expectations are fully priced in, and the stock market has returned to its highs." JPMorgan strategists remain bullish in the medium term, believing the dovish Fed stance will support the stock market.

A research report from CICC states that, under the baseline scenario, if Hassett becomes the new Federal Reserve Chair, US Treasury yields and the US dollar may initially decline and then rise, which would be generally beneficial to US stocks. Furthermore, the first quarter of next year is a crucial period for the new chair's nomination to influence market expectations. If Hassett's statements are overly dovish, a temporary, unexpected decline in US Treasury yields and the US dollar cannot be ruled out. However, as long as it doesn't significantly exceed concerns about "loss of independence," the realization of expectations coupled with a US economic recovery could lead to an upward trend in US Treasury yields and the US dollar.

Crypto analyst Hanmu Xia leans towards a "broad-based rally," predicting that if the Federal Reserve cuts interest rates and resumes balance sheet expansion this week, tight liquidity will return to normal, and a general rise in US stocks, crypto assets, and precious metals is expected this week and throughout December.

Weekly Updates on Cryptocurrency Stock Companies

Representative companies of BTC Treasury listed companies

Last week, global listed companies were net buyers of BTC, totaling $968.89 million. Strategy spent $962.7 million to purchase 10,624 Bitcoins.

According to SoSoValue data, as of December 8, 2025 (Eastern Time), the total net purchase of Bitcoin by global listed companies (excluding mining companies) last week was $968.89 million.

On December 8, Strategy (formerly MicroStrategy) announced an investment of $962.7 million to acquire 10,624 bitcoins at a price of $90,615 each, bringing its total holdings to 660,624 bitcoins.

Metaplanet, a Japanese listed company, did not purchase any Bitcoin last week.

In addition, two other companies purchased Bitcoin last week. Prenetics, a Hong Kong-based genetic testing and health technology company, invested $630,000 to buy 7 Bitcoins, bringing its total holdings to 515,0341. ANAP, a Japanese fashion brand, invested $5.56 million on December 3rd, acquiring 54,5126 Bitcoins at a price of $101,913.4, bringing its total holdings to 1,200,2078.

As of press time, the total number of Bitcoins held by listed companies worldwide (excluding mining companies) is 904,570, with a current market value of approximately US$82.94 billion, accounting for 4.53% of the circulating market capitalization of Bitcoin.

Strategy purchased another 10,624 bitcoins between December 1st and December 7th.

Strategy (formerly MicroStrategy) purchased another 10,624 bitcoins between December 1st and December 7th, costing approximately $962.7 million, at an average purchase price of $90,615 per bitcoin. Michael Saylor, co-founder and executive chairman of Strategy, stated that Strategy now holds a total of 660,624 bitcoins, with a total cost of approximately $49.4 billion and an average purchase price of $74,696 per bitcoin.

The purchase was funded by proceeds from the sale of the company's Class A common stock (MSTR) and SRD perpetual preferred stock. In addition, Strategy previously announced that it had established $1.44 billion in dollar reserves.

MetaPlanet CEO announces the launch of a STRC-like product to purchase more BTC.

Reports indicate that the CEO of MetaPlanet (MTPLF) has announced plans to launch its version of the Strategy (STRC) product (MARS) aimed at purchasing more BTC. BTC-backed credit is booming.

Cango holds 7,033 BTC, ranking 16th among publicly traded companies holding BTC.

On December 6th, according to BitcoinTreasuries.NET, Cango Inc (CANG) held 7,033 BTC, ranking 16th among publicly traded companies holding BTC. Its market capitalization was $208.45 million.

Representative companies of the ETH Treasury listed companies

BMNR announced total assets of $13.2 billion and purchased 138,452 ETH last week, bringing its ETH holdings to over 3.86 million.

BitMine Immersion Technologies, Inc. announced on December 8, 2025, that its total holdings of crypto assets, cash, and "moonshots" reached $13.2 billion. As of 4:00 PM ET on December 7, the company's crypto asset holdings included 3,864,951 ETH (at $3,139 per ETH), 193 BTC, a $36 million stake in Eightco Holdings (NASDAQ: ORBS), and $1 billion in cash. The company's ETH holdings now exceed 3.2% of the total ETH token supply, with a target of 5%. Chairman Thomas "Tom" Lee stated that BitMine purchased 138,452 ETH tokens last week, a 156% increase compared to the weekly purchase rate of 54,156 ETH four weeks ago.

Bit Digital held 154,398.7 ETH as of the end of November.

On December 5th, Nasdaq-listed Bit Digital released its November treasury and staking performance data, indicating that as of November 30th, the company held 154,398.7 ETH, with a market value of approximately $461.9 million based on a price of $2,991.90 per ETH. Furthermore, the company purchased 506.25 ETH in November at an average purchase price of $3,045.11, and had pledged 137,621 ETH by the end of November, representing approximately 89.1% of its total holdings.

Representative companies of SOL Treasury listed companies

SOL Treasury company Forward is testing its own Prop AMM, with Jump and Galaxy providing technical support.

On December 3, Kyle Samani, Chairman of the Board of Forward Industries, the DAT treasury company with the largest SOL holdings (and co-founder of Multicoin), posted: "The most underrated news from yesterday's Forward Industries investor call was probably that we are building our own Prop AMM. The product is currently in testing. It is powered by Jump and Galaxy."

Upexi, a US-listed company, announced the completion of a $10 million private placement.

On December 3, Nasdaq-listed Upexi (UPXI) announced the completion of a private placement, issuing 3,289,474 ordinary shares and warrants. The warrants allow the purchase of up to 3,289,474 ordinary shares at a total purchase price of US$3.04 per share.

The total proceeds from this placement are approximately US$10 million. If all warrants are exercised in cash, an additional US$13 million is expected to be raised. The company plans to use the net proceeds from this placement for working capital, general corporate purposes, and its internal management's SOL maximum return strategy.

Representative companies of altcoin treasury listed companies

IP Strategy disclosed that its IP token holdings reached 53.2 million, an increase of approximately 700,000 from the previous month.

Nasdaq-listed IP Strategy disclosed that its IP token holdings have reached 53.2 million, an increase of approximately 700,000 from last month. Based on the current price of $2.40, the holdings are worth approximately $127 million. In addition, the company announced that it will explore a custodial long-term validator staking model, planning to stake 10.7 million IP tokens (approximately 20% of the company's holdings).

Sonnet BioTherapeutics shareholders approved a proposed business merger with Hyperliquid Strategies Inc., and plans to raise up to $1 billion to establish the HYPE token company DAT.

Shareholders of Nasdaq-listed Sonnet BioTherapeutics Inc. have approved a proposed merger with Hyperliquid Strategies Inc. (HSI) to form a digital asset finance company called Hyperliquid Strategies (DAT). The merged Dat will focus on the HYPE token and plans to raise up to $1 billion through a public offering.

Hyperliquid Strategies filed an S-1 document with the U.S. Securities and Exchange Commission (SEC) in October, planning to raise up to $1 billion through a public offering. Back in July, Sonnet BioTherapeutics announced it had agreed to merge with Rorschach I LLC (affiliated with Hyperliquid backer Paradigm) to form a publicly traded HYPE DAT.

The DAT was initially projected to hold 12.6 million HYPE tokens and $305 million in cash, valuing the company at approximately $888 million. Hyperliquid is a popular decentralized perpetual futures exchange that has seen its total trading volume exceed $1.5 trillion since its launch in 2023.

Other strategic investors involved in the Sonnet BioTherapeutics merger include Galaxy Digital, Pantera Capital, D1 Capital, Republic Digital, and 683 Capital. The HYPE token was priced at approximately $47 when the merger was first announced and is currently trading at around $33.