Crypto Stock Barometer | Strategy Invested $1.28 Billion Last Week to Increase Holdings by Nearly 18,000 BTC; Bitmine Added 60,976 ETH Last Week, Total Holdings Face Floating Loss of $7.885 Billion (March 10)
- Core View: Last week, the cryptocurrency concept stock market exhibited structural changes, primarily driven by three major trends: the convergence of traditional stock exchanges with CEXs, mining companies accelerating their transition to AI infrastructure, and listed companies persistently increasing their holdings of crypto assets. The market is pricing in expectations of a Fed rate cut and geopolitical developments.
- Key Elements:
- Deep integration of traditional finance and the crypto industry: ICE, the parent company of the NYSE, invested in OKX, while Nasdaq partnered with Kraken's parent company, jointly promoting equity tokenization trading aimed at connecting traditional stock markets with blockchain investors.
- Structural shift in the mining sector: Some mining companies, represented by Bitdeer, are accelerating their transition to high-performance computing and AI infrastructure, potentially reshaping the next market cycle.
- Increased Bitcoin accumulation by listed companies: Global listed companies net purchased $1.28 billion worth of BTC last week, with MicroStrategy alone adding nearly 18,000 BTC, representing a 527% month-over-month increase in purchase amount.
- Significant Ethereum holdings by treasury companies: Bitmine added over 60,000 ETH last week, bringing its total holdings to over 4.53 million ETH, accounting for 3.76% of ETH's total supply. Sharplink increased its holdings to 868,700 ETH, becoming the world's second-largest ETH-holding listed company.
- Active strategic cooperation and asset acquisitions: Nasdaq-listed Jiuzi Holdings plans to receive a transfer of 10,000 BTC, YY Group initiated a Bitcoin treasury strategy, and CIMG plans to acquire core assets of iZUMi Finance to expand its DeFi footprint.
Editor's Note: As the Iran-Israel situation escalated again, stocks related to the cryptocurrency concept experienced a rare minor rebound. As we predicted in last week's Crypto-Stock Barometer, AI-transitioning mining companies performed particularly well, with many mining stocks maintaining positive gains. Additionally, Circle (CRCL) and Strategy (MSTR) continued their rebound trend. The former's stock price once approached $115, currently reported at $111.84; the latter's price rebounded to around $146, currently reported at $138.95. Currently, the leading stocks' rebound trend persists, with the market fully pricing in expectations for the Federal Reserve's interest rate cut decision and the easing of the Iran-Israel situation under Trump's influence.
The following is a summary of last week's crypto-stock market information compiled by Odaily. All U.S. stock data is sourced from msx.com.
Crypto-Concept Stock Review: Stock Exchanges and CEXs Converge, Equity Tokenization Reaches Milestone Breakthrough
U.S. Stock Exchanges and CEXs Converge: NYSE Parent ICE Invests in OKX, Nasdaq Partners with Kraken Parent
The landmark industry event last week was the investment by ICE Group, the parent company of the world's largest stock exchange, the New York Stock Exchange (NYSE), into OKX at a $25 billion valuation. (For detailed analysis, see "NYSE Parent Invests in OKX at $25B Valuation, Equity Tokenization Officially Lands"). Subsequently, the U.S. stock exchange Nasdaq announced a partnership with Payward, the parent company of Kraken, to promote tokenized stock trading.
This signifies that the infrastructure layers of traditional financial markets are beginning to deeply integrate with the core of the cryptocurrency industry. Tokenized stock trading has become an inevitable trend. On this matter, Bloomberg analysts have also offered their perspectives. Bloomberg ETF senior analyst Eric Balchunas stated that Nasdaq's launch of an equity tokenization framework aims to allow stocks like Nvidia and Tesla to be traded both as traditional stocks and as blockchain tokens. This initiative will build a bridge between traditional stock market and blockchain investors, diversifying stock trading methods. Equity tokenization will not replace ETFs but will distribute them on-chain, providing participation opportunities for global investors, especially in underdeveloped regions and countries. Bringing the world's most popular ETFs and stocks on-chain is positive for the market.
In the short term, this may represent incremental exchange for both sides; in the long term, the crypto industry may welcome a new wave of liquidity injection, benefiting the overall market.
10x Research: Mining Companies Transitioning to AI Infrastructure May Reshape the Next Cycle and Crypto Stock Market Structure
10x Research released its latest analysis, pointing out that institutional capital inflows and changes in corporate balance sheets are quietly reshaping the crypto stock market landscape, driving up some crypto-concept stocks. Circle's stock price has rebounded by about 60%, and Coinbase has gained about 25%.
Simultaneously, mining companies transitioning to AI infrastructure may reshape the next cycle. Bitdeer previously liquidated its Bitcoin reserves. Although equity was diluted after completing convertible bond issuance and stock placements, the raised funds may be used to accelerate the transition to high-performance computing and AI infrastructure. This indicates a structural shift is also occurring in the crypto mining sector, potentially redefining investor judgment for the next cycle.
Based on the recent "lobster fever" driven by OpenClaw, perhaps AI has also become the "life-saving antidote" that the crypto market needs to take long-term.
Weekly Updates on Crypto-Stock Listed Companies
Representative Companies with BTC Treasury
According to SoSoValue data, as of 8:30 AM EST on March 9, 2026, the total weekly net purchase of Bitcoin by global listed companies (excluding mining companies) last week was $1.28 billion, a 513% increase compared to the previous week.
Strategy (formerly MicroStrategy) announced on March 9 that it invested $1.28 billion (a 527% increase in purchase amount compared to the previous week) to acquire 17,994 Bitcoin at an average price of $70,946, bringing its total holdings to 738,731 Bitcoin.
Japanese listed company Metaplanet did not purchase Bitcoin last week, marking eight consecutive weeks without purchases.
Additionally, two other companies purchased Bitcoin last week. Japanese food brand DayDayCook announced on March 4 the purchase of 65 Bitcoin, with the specific amount undisclosed, bringing its total holdings to 2,183 Bitcoin. French Bitcoin asset company Capital B announced on March 9 that it spent $140,000 to purchase 2 Bitcoin at $71,053.9 each, bringing its total holdings to 2,836 Bitcoin.
As of press time, the total Bitcoin holdings of the tracked global listed companies (excluding mining companies) amounted to 999,210 Bitcoin, a 1.84% increase from the previous week. The current market value is approximately $71.18 billion, accounting for 5.0% of Bitcoin's circulating market cap.
Nasdaq-listed Jiuzi Holdings disclosed that it has reached a strategic agreement where a strategic investor will transfer 10,000 Bitcoin (BTC) to it in exchange for equity consideration valued at approximately $1 billion. Simultaneously, the two parties will establish a strategic partnership to strengthen cooperation within the global cryptocurrency ecosystem, including optimizing digital asset treasury management, cross-border cryptocurrency settlement capabilities, liquidity management collaboration, and strategic coordination at the ecosystem level. Related transactions will be disclosed subsequently in accordance with U.S. Securities and Exchange Commission (SEC) reporting requirements. Furthermore, the company announced it has reached and signed an investment agreement with a strategic investment institution, which will subscribe to 40 million shares of its common stock at $2 per share, with a total investment of $80 million. The initial tranche of investment funds has been completed, and the new capital will be used to expand cash reserves to support building a crypto asset treasury, formulating asset allocation strategies, etc. The treasury composition is expected to include various cryptocurrencies such as Bitcoin, Ethereum, and stablecoins.
Nasdaq-Listed YY Group Officially Launches Bitcoin Treasury Strategy
Nasdaq-listed YY Group announced the official launch of its Bitcoin treasury strategy, designating Bitcoin as a primary reserve asset on its balance sheet to achieve capital preservation, balance sheet diversification, and its commitment to long-term shareholder value creation. It is reported that the company will allocate a portion of its excess cash reserves to Bitcoin and hold it long-term.
Representative Companies with ETH Treasury
Bitmine Increased Holdings by 60,976 ETH Last Week, Total Holdings Exceed 4.53 Million ETH
Nasdaq-listed Ethereum treasury company Bitmine disclosed that it increased its holdings by 60,976 ETH last week, now holding 4,534,563 ETH, accounting for 3.76% of Ethereum's total supply (120.7 million ETH). As of March 8, 2026, the total amount of ETH staked by Bitmine is 3,040,483 ETH (valued at $6 billion based on $1,965 per ETH); with an average cost basis of $3,735, resulting in an unrealized loss of $7.885 billion.
On March 9, Nasdaq-listed Ethereum treasury company Sharplink released its full-year 2025 financial report. It disclosed that its Ethereum holdings have increased to 868,699 ETH, including 604,618 native ETH, 208,893 ETH redeemed from LsETH, and 55,188 ETH redeemed from WeETH. The company also received 14,516 ETH in staking rewards and is now the world's second-largest listed company by ETH holdings. Additionally, the company disclosed holdings of $28.5 million in cash and $1.9 million in USDC, expecting to continue accumulating ETH and expanding its staking operations.
The financial report shows that the company recorded a net loss of $734 million in 2025, compared to a net profit of $10.1 million in 2024. The loss was primarily due to accounting adjustments resulting from the decline in ETH price in the second half of the year, including $616 million in unrealized losses and $140 million in LsETH impairment losses.
Representative Companies with SOL Treasury
SOL Treasury Company DeFi Development Plans to Launch Dividend-Paying Stablecoin
On March 7, Nasdaq-listed Solana treasury company DeFi Development announced plans to launch a dividend-paying stablecoin following its strategic investment in the stablecoin protocol development project Apyx. The aim is to introduce transparent yield to the stablecoin market. It is reported that the two parties also discussed tokenomics, valuation frameworks, development roadmaps, and how to utilize Digital Asset Treasury (DAT) dividend preferred shares.
Representative Companies with Altcoin Treasury
Tron Inc Increases Holdings by 175,251 TRX Tokens at Average Price of $0.29
On March 5, U.S.-listed TRX treasury company Tron Inc. disclosed that it increased its holdings by 175,251 TRX tokens at an average price of $0.29, bringing its total TRX inventory to over 684.9 million tokens.
Nasdaq-Listed CIMG Plans to Acquire Core Assets of iZUMi Finance
On March 5, iZUMi Finance announced a strategic agreement with Nasdaq-listed company CIMG Inc. (Nasdaq: IMG). CIMG plans to acquire part of iZUMi Finance's core assets, patents, and intellectual property to further expand its institutional-grade decentralized finance (DeFi) infrastructure layout.
According to the agreement framework, CIMG plans to integrate iZUMi Finance's multi-chain liquidity technology and governance mechanisms to enhance on-chain capital efficiency and optimize the yield management of its Bitcoin reserves. Simultaneously, CIMG also plans to purchase $IZI tokens for long-term staking and governance participation.
This acquisition plan builds upon previous cooperation between the two parties, including the jointly launched $20 million Upstarts Fund. By integrating iZUMi's liquidity infrastructure and technical assets, both parties will further strengthen their positioning in the on-chain liquidity market and institutional-grade DeFi space.
