Crypto Stock Barometer丨Strategy Invested $1.25 Billion Last Week to Increase Holdings by 13,627 BTC, Total Holdings Floating Profit Exceeds $10.5 Billion; Bitmine Holdings Rise to 4.168 Million ETH, Floating Loss $3.225 Billion (January 13)
- Core View: Crypto concept stocks show weak performance, industry transformation is imminent.
- Key Elements:
- B. Riley predicts digital assets will transform into financial infrastructure by 2026.
- South Korea lifts corporate crypto ban, allowing listed companies to invest in cryptocurrencies.
- Listed companies continue to increase BTC/ETH holdings, but business models need to shift from hoarding to operations.
- Market Impact: Drives crypto companies towards utility-based business models.
- Timeliness Note: Medium-term impact.
Editor's Note: After a significant correction at the beginning of the year, precious metals and the traditional U.S. stock market have once again embarked on a new round of gains; Japanese, South Korean, Chinese A-shares, and Hong Kong stocks have also shown a trend of capital inflows and a rising market. However, compared to the hot performance of traditional financial markets, crypto-related stocks remain in a lukewarm phase. Only a few individual stocks such as BKKT, SMLR, IREN, and RIOT maintained weekly gains. In a U.S. stock market where the strong get stronger, only by continuing to focus on rising stocks can one capture corresponding profit from the uptrend.
The following is a summary of last week's crypto and stock market information compiled by Odaily. All U.S. stock data is sourced frommsx.com.
Overview of Crypto-Related Stock Market Perspectives
Analysis: Digital Assets May Transition from Speculative Tools to Financial Infrastructure in 2026
Investment bank B. Riley stated that as regulation matures and traditional financial institutions begin large-scale deployment of blockchain technology, digital assets are expected to cross a critical threshold in 2026, transforming from an asset class dominated by speculation into practical financial infrastructure. Analysts pointed out that increasingly clear regulatory rules around stablecoins, the ongoing tokenization of real-world assets (RWA) by institutions, improved governance frameworks, and the growing interoperability between bank ledgers and public blockchains are collectively changing the "way digital assets are used," not just the "way they are traded." This evolution is prompting digital asset treasury companies to shift from simply hoarding tokens to deploying digital assets into actual operations, creating a sustainable, recurring revenue business model.
It is evident that in the new year, if cryptocurrency-related listed companies remain stuck in the simple "token hoarding model," the probability of being phased out by the market will greatly increase. However, if they can pivot in time to develop new institutional crypto businesses or tap into potential mainstream crypto market demands, they may become the market's next darlings.
Furthermore, South Korea's crypto-friendly policies have been introduced, which may help South Korean listed companies accelerate their crypto sector layout.
South Korea Lifts Nine-Year Corporate Crypto Ban, Allows Listed Companies to Invest Up to 5% of Net Assets in Crypto Assets
On January 12, the South Korean Financial Services Commission finalized guidelines allowing listed companies and professional investors to trade cryptocurrencies. This new regulation ends a nine-year ban, permitting eligible corporate entities to invest up to 5% of their net assets annually in the top 20 cryptocurrencies by market cap on South Korea's five major exchanges.
This policy adjustment is expected to grant market access to approximately 3,500 entities, including listed companies and registered professional investment institutions. Regulators will also require exchanges to implement staggered execution and order size limits. Currently, discussions are ongoing regarding whether dollar-pegged stablecoins like USDT qualify for investment.
Weekly Updates on Crypto-Related Listed Companies
Representative BTC Treasury Listed Companies
According to SoSoValue data, as of January 12, 2025, Eastern Time, the total weekly net purchase of Bitcoin by global listed companies (excluding mining companies) last week was $1.25 billion.
Strategy (formerly MicroStrategy) announced on January 12 an investment of $1.25 billion to acquire 13,627 Bitcoins at an average price of $91,519. This brings its total holdings to 687,410 Bitcoins, valued at $62.348 billion, with an average cost basis of $75,353, resulting in an unrealized profit of $10.55 billion.
Japanese listed company Metaplanet did not purchase any Bitcoin last week.
As of the time of writing, the total Bitcoin holdings of the tracked global listed companies (excluding mining companies) amount to 937,310 BTC, with a current market value of approximately $85.02 billion, accounting for 4.7% of Bitcoin's circulating market cap.
On January 7, Eric Trump posted on X platform, stating that American Bitcoin (ABTC) has become one of the world's fastest-growing Bitcoin companies in just four months. Its Bitcoin holdings have now surpassed KindlyMD (NAKA), making it the 19th largest Bitcoin treasury listed company. ABTC's next target is to surpass Next Technology, currently ranked 18th, and Galaxy, ranked 17th.
Previous news indicated that the Trump family-backed Bitcoin mining company American Bitcoin Corp disclosed that its total Bitcoin holdings have increased to 5,427 BTC.
Representative ETH Treasury Listed Companies
BitMine Discloses Acquisition of 24,266 ETH Last Week, Total Holdings Increase to 4.168 Million
On January 12, Ethereum treasury company BitMine Immersion Technologies disclosed that its current crypto asset holdings include 4,167,768 ETH, 192 BTC, $23 million worth of equity in Eightco Holdings, and $988 million in unencumbered cash. The company acquired 24,266 ETH last week. Furthermore, it has staked a total of 1,344,224 ETH, valued at $4.15 billion. Currently, BitMine's ETH holdings are valued at $12.878 billion, with an average cost basis of $3,862, resulting in an unrealized loss of $3.225 billion.
Tom Lee: Need to Expedite Authorization for BitMine to Issue New Shares, Otherwise ETH Accumulation Pace Will SlowIn a previously released Chairman's statement, Tom Lee indicated that BitMine shareholders should vote in favor of the amendment to increase authorized shares before the upcoming Annual General Meeting scheduled for January 15, 2026. This is because BitMine's charter has a special provision requiring 50.1% support from outstanding shares for new share issuance—a very high threshold. He emphasized the need to proceed immediately with the issuance, as BitMine's current 500 million authorized shares are about to be exhausted, which would slow down the pace of ETH accumulation. Therefore, shareholder approval for the second proposal to increase authorized shares is needed.
Bit Digital: Held Over 155,000 ETH as of End-2025, Market Value Exceeds $460 Million
On January 7, Nasdaq-listed company Bit Digital released Ethereum treasury and staking update data. It disclosed that after acquiring 642 ETH in December, as of December 31, 2025, the company held 155,227.3 ETH, with a market value of approximately $460.5 million. Additionally, the company has staked 138,263 ETH, accounting for 89% of its total ETH holdings, and has generated approximately 389.6 ETH in staking rewards so far.
Representative Altcoin Treasury Listed Companies
On January 12, Nasdaq-listed WLFI treasury company ALT5 Sigma released its latest quarterly financial report. It disclosed a net profit of approximately $57 million for Q3 2025. As of September 27, 2025, shareholder equity increased to about $1.6 billion. The company is currently the largest U.S.-listed public company holder of WLFI tokens, holding approximately 7.28 billion tokens. Furthermore, it is actively exploring the integration of the stablecoin USD1 into its payment and financial platforms ALT5 Pay and ALT5 Prime.
Bakkt Announces Rebranding and Acquisition of Stablecoin Payment Infrastructure Provider DTR
On January 12, New York Stock Exchange-listed company Bakkt announced it has acquired global stablecoin payment infrastructure provider Distributed Technologies Research (DTR). The completion of this transaction is subject to customary closing conditions, including approval from relevant regulatory authorities and Bakkt shareholders. Additionally, Bakkt announced plans to change its company name to "Bakkt, Inc." effective January 22, 2026. Its stock ticker symbol will remain unchanged after the rebranding.
Nasdaq-Listed AIxCrypto Plans $10 Million Strategic Investment in Faraday Future
On January 7, Nasdaq-listed company AIxCrypto (AIXC) announced its intention to make a $10 million strategic investment in Faraday Future by purchasing common stock. AIxCrypto plans to use these shares as the underlying asset for its first tokenized equity product. It is reported that AIxCrypto, formerly known as QLGN, rebranded and pivoted to crypto and Web3 business platforms in November last year, focusing on stock tokenization RWA business.
