Coin & Stock Barometer | Strategy Sells Over $200M in BTC; Metaplane Makes First Purchase in Ten Weeks; Bitmine Adds Over 42,000 ETH in the Past Week (July 7)

Editor's Note: In last week's "Crypto-Stock Barometer" article, we mentioned that "South Korean stocks are facing a short-term correction." The KOSPI market over the past week appears to still be in a phase of "violent deleveraging and aggressive bubble squeezing." Despite SK Hynix's upcoming ADR listing on the US stock market on July 10th, its price has undergone a deep correction. Today, the South Korean KOSPI index fell sharply again by 8%, triggering a circuit breaker. Foreign capital is accelerating its exodus, but retail investors are still choosing to "support the country by buying the dip." In terms of price, SK Hynix's stock price has fallen from its high of 2.917 million won on June 25th to 2.096 million won, a decline of over 28%. Hope is now pinned on the influx of up to $28 billion in US stock market funds on the 10th (this Friday) to absorb the selling pressure. Meanwhile, after Samsung announced "Q2 operating profit of 89.4 trillion won, 6% higher than market expectations," its stock price plunged over 8%. The market widely believes this data was already fully priced in, which instead dragged the KOSPI index down further. From a personal perspective, the two leading South Korean stocks have reached a cyclical low. While further declines cannot be ruled out, they have entered the "buy zone."

On the US stock front, last night's "Trump Account" event held by Trump at the White House Office injected another dose of confidence into the market. During the event, he explicitly touted Dell (DELL) and Micron (MU). He also clearly stated that "the market is going to explode", "shorts are being liquidated", and "I never liked short sellers because they are betting against the country." SpaceX and Robinhood are also within the influence sphere of the "Trump Account" and are expected to benefit long-term from this type of capital allocation.

Finally, there's new news regarding CXMT (ChangXin Memory Technologies), which we mentioned last week. According to reports from South Korean media, CXMT is testing a packaging DRAM production line. The technology itself and its development speed may be ahead of South Korean competitors like SK Hynix and Samsung Electronics. The importance attached to CXMT's IPO has been elevated again and can now be classified as S-level, alongside SK Hynix's US stock listing.

As for crypto-related stocks, with BTC prices starting a slight rebound to above $64,000, MSTR, BMNR, and CRCL have also experienced a minor bounce. However, given the current market lacks sustained long-term momentum, a continuation of the downtrend is likely. Coupled with some DAT treasury companies liquidating their holdings and the subsequent sharp drop in their stock prices, shorting presents another option for investors.

For more information on the stock and crypto markets, please refer to MSX.COM. (Note from Odaily: This article is for educational and discussion purposes only and does not constitute investment advice.)

Market Outlook Overview: Chips and Memory Remain Core Themes, Crypto Market Momentum Still Weak

Chip Stocks Lead, S&P 500 Set to Break 8000 Points; Institutions Bullish on Micron, Bearish on Qualcomm

The Kobeissi Letter stated that chip stocks have become the new leading sector in the current US bull market. Although many stocks within the "Magnificent 7" have corrected over 20% from their recent highs, the semiconductor sector has taken over the market leadership baton. In fact, 8 of the top 10 best-performing stocks in the S&P 500 this year come from the chip industry. With large-cap tech stocks regaining market dominance and the semiconductor sector maintaining its strength or fluctuating at high levels, the S&P 500 is poised to break through the 8000-point mark.

Additionally, Citigroup analysts stated in a research report: "Given the expectation that DRAM chip prices are likely to rise in the second half of 2026, we are adding Micron Technology to our 'Upside Catalyst' watchlist. Concurrently, due to sluggish growth in smartphone sales, we are adding Qualcomm to our 'Downside Catalyst' watchlist." The analysts noted: "Fundamentally, the demand for AI computing power remains in a state of undersupply, as evidenced by the recent 20% price increase for AWS EC2 GPUs. DRAM shortage is the biggest constraint on current compute supply."

Opinion: Memory Chip Sector May Mirror NVIDIA's Past Pattern of "Fundamentals Hitting New Highs, Stock Price Consolidating"

Citrini researcher Jukan stated that current market expectations for the memory chip sector are already at elevated levels. Whether earnings reports beat expectations or not, stock prices are likely to face pressure. If results beat expectations, the market might fear the industry cycle has peaked; if results fall short, it could be interpreted as the end of the memory chip boom cycle. Jukan also mentioned the concern that the memory chip sector could repeat NVIDIA's past trend of "fundamentals continuously hitting new highs, yet stock prices consolidating sideways for an extended period." This means corporate earnings keep breaking records, but stock performance remains relatively subdued because these expectations are already fully priced in by the market.

Crypto Market Activity Low This Month; US Stocks and Commodity Prices May Be More Worth Watching

Greeks.live Macro Researcher Adam stated that based on the distribution of open interest, positions across all tenors are very low until the end of this month, totaling about 15%. This is a sign of low market activity. On the other hand, GEX is concentrated around the $60,000 put and $63,000 call options, corresponding to the upper and lower limits of the recent consolidation range. This market may noticeably follow external markets, making US stocks and commodity prices more noteworthy in the near term.

Weekly Updates on Listed Crypto-Treasury Companies

Representative BTC Treasury Companies

Strategy Sells Over $200 Million BTC in a Single Week, Metaplanet Buys BTC for First Time in Ten Weeks

According to SoSoValue data, as of 8:00 AM Eastern Time on July 6, 2026, the total net weekly Bitcoin purchases by global listed companies (excluding mining companies) amounted to $10.57 million, a decrease of 27.85% compared to the previous week.

Strategy (formerly MicroStrategy) sold 1,363 BTC on June 30th for approximately $80.8 million, at an average price of $59,256, reducing its holdings to 846,000 BTC. On July 5th, it sold another 2,225 BTC for approximately $135 million, at an average price of $60,773, further reducing its holdings to 843,775 BTC.

Japanese listed company Metaplanet announced its first purchase in ten weeks, investing $225 million to buy 2,823 BTC at a price of $79,664 per coin, bringing its total holdings to 40,177 BTC.

Additionally, two other companies bought Bitcoin last week. Brazilian Bitcoin company OrangeBTC announced the purchase of 1 BTC on July 5th (amount undisclosed), bringing its total holdings to 3,897 BTC. Asset management firm Strive announced on July 6th that it spent $1.68 million to purchase 17.76 BTC at a price of $64,761, bringing its total holdings to 19,882 BTC.

As of press time, the global listed companies tracked (excluding mining companies) collectively hold a total of 1,141,812 BTC, a decrease of 0.04% from last week. The current market value of these holdings is approximately $70.3 billion, representing 5.7% of Bitcoin's circulating market cap.

Empery Digital Accumulates 1,200 BTC Over the Past 6 Days, Valued at $72.65 Million

According to Onchain Lens monitoring, Nasdaq-listed Empery Digital (3KPA...NL9c) received another 200 BTC, worth $12.84 million. Over the past 6 days, the company has accumulated a total of 1,200 BTC, valued at $72.65 million.

Data: Listed Companies Have Net Purchased Nearly 167,000 BTC Year-to-Date, Double the Amount Mined During the Same Period

Market data shows that listed companies have net purchased 166,984 BTC year-to-date, double the 81,153 BTC mined during the same period, averaging a daily purchase of 912 BTC.

South Korean Listed Company K Wave Media Liquidates 88 BTC, Exits Bitcoin Treasury Company Ranks

According to BitcoinTreasuries data, South Korean listed company K Wave Media (KWM) has sold its remaining 88 BTC to repay $6 million in debt. Following the sale, the company's Bitcoin holdings are reduced to zero, and it has exited the ranks of Bitcoin treasury companies.

K Wave Media had previously announced last year that it secured a $1 billion financing capacity for its Bitcoin treasury and planned to expand its Bitcoin holdings to 10,000 BTC as soon as possible. However, in May of this year, the company redirected up to $485 million of its remaining financing capacity from its Bitcoin treasury strategy towards AI infrastructure construction, including data centers, GPU computing power, and related acquisitions.

Trump Family-Backed American Bitcoin to Undergo 1:15 Reverse Stock Split to Maintain Nasdaq Listing

American Bitcoin, a Bitcoin mining and treasury company founded by Eric Trump and Donald Trump Jr., announced a 1:15 reverse stock split scheduled for next week to meet Nasdaq's minimum $1 bid price requirement.

The reverse split will take effect after the market close on Thursday, and trading will resume under the ticker ABTC on Monday at the adjusted price. Under the arrangement, every 15 shares of Class A and Class B common stock will be automatically combined into 1 share, reducing the company's total outstanding shares from approximately 1.09 billion to about 73 million. The stock split plan was approved at the annual shareholder meeting in June.

American Bitcoin's stock price fell to an all-time low of around $0.64 on Wednesday, posting a year-to-date decline of over 64%. The company currently holds 7,500 BTC, making it the sixteenth largest publicly traded Bitcoin holder globally.

Empery Digital Invests $65 Million to Establish US AI Data Center

Nasdaq-listed Bitcoin treasury company Empery Digital announced that it has entered into a definitive cooperation agreement with Hunt Properties, investing $65 million to acquire a 25% stake in a new project entity. This entity plans to acquire and redevelop an industrial facility in the US Midwest to create a dedicated AI data center.

The two parties have established a long-term strategic partnership to jointly develop computing power assets, advance AI and high-performance computing (HPC) infrastructure expansion, integrating advantages in power supply, grid connectivity, and capital market financing. Concurrently, Empery Digital announced it will cease its previous practice of publicly disclosing data based on the Net Asset Value (NAV) of its Bitcoin holdings. The company explained that its current asset structure can no longer be measured solely by Bitcoin holdings, and going forward, it will focus on capturing growth opportunities in AI computing and energy infrastructure, diversifying and expanding its physical computing power business.

Representative ETH Treasury Companies

Bitmine Added 42,197 ETH Last Week, Total Holdings Exceed 5.74 Million ETH

Ethereum treasury company Bitmine disclosed an addition of 42,197 ETH last week. As of June 28, 2026, its total ETH holdings reached 5,742,237, representing approximately 4.8% of Ethereum's total supply.

As of now, the total value of Bitmine's cryptocurrency, cash, and other investment assets is approximately $11.1 billion. This includes $527 million in cash and marketable securities, 206 BTC, $180 million in equity assets of Beast Industries, and a $71 million investment in Eightco Holdings (ORBS). As of July 5th, the amount of Ethereum it has staked is 4,879,157 ETH (85% of total holdings), worth approximately $8.8 billion, generating an annualized staking yield of roughly $235 million.

Sharplink Previously Added 10,000 ETH, Total Holdings Increased to ~886,725 ETH

Last week, Nasdaq-listed Ethereum treasury company Sharplink (SBET) announced the latest addition of 10,000 ETH at an average purchase price of approximately $1,611, bringing its total ETH holdings to about 886,725 ETH. Concurrently, the company repurchased 2,132,773 shares of common stock in the open market at an average price of $4.69, bringing the total number of shares repurchased since the initiation of the buyback program in August 2025 to 4,071,223 shares.

As of June 28th, Sharplink's total ETH holdings structure comprises 632,719 native ETH, 181,299 LsETH equivalents, and 72,707 weETH equivalents. The company stated it will continue to pursue its dual-track capital strategy of expanding its ETH asset reserves alongside stock buybacks.

Representative SOL Treasury Company

Forward Industries Added Over 500,000 SOL in Q3, Total Holdings Rise to 7.55 Million SOL

Solana treasury company Forward Industries released its Q3 FY2026 update. The report shows the company added over 500,000 SOL during the quarter, increasing total holdings to 7.55 million SOL.

Additionally, the company's fully diluted SOL per share increased from 0.0669 last quarter to 0.0729, representing a 36% annualized sequential growth. During the same period, the company issued 93,642 shares of common stock via an "At The Market" (ATM) offering, completing accretive financing while trading at a premium to Net Asset Value (NAV).

Forward stated it will continue to increase SOL per share through open market capital operations (including discounted buybacks and premium offerings) and leverage strategies (using fwdSOL as collateral), while also seeking to broaden institutional capital access through inclusion in indices like the Russell 2000 and Russell 3000.

Representative Altcoin Treasury Company

Hyperliquid Strategies Added 600,000 HYPE Over 7 Days Last Week, Purchasing Tokens Worth ~$40.6 Million

On July 3rd, HYPE treasury company Hyperliquid Strategies (PURR) announced the cumulative purchase of 600,000 of its native token HYPE over the past 7 days, translating to a total value of approximately $40.6 million