币株風向標丨Strategyが2億ドル超のBTCを売却；Metaplanetが10週ぶりに再び買い増し；Bitmineが先週4.2万枚超のETHを増持（7月7日）

Editor’s Note: In last week’s “Crypto-Stock Barometer” article, we mentioned that “the Korean stock market is facing a short-term pullback.” Over the past week, it appears the Korean market remains in a phase of “violent deleveraging and aggressive bubble-squeezing.” Despite SK Hynix’s upcoming ADR listing on the U.S. stock market on July 10, its stock price has experienced a deep pullback. Today, South Korea’s KOSPI index plunged another 8%, triggering a circuit breaker. Foreign capital is accelerating its exodus, but retail investors are still choosing to “buy the dip for the country.” In terms of price, SK Hynix’s stock has fallen from a high of 2.917 million KRW on June 25 to 2.096 million KRW, a decline of over 28%. Hopes are now pinned on the potential $28 billion in U.S. stock market funds arriving on the 10th (this Friday) to absorb the selling pressure. Samsung, after reporting “Q2 operating profit of 89.4 trillion KRW, 6% above market expectations,” saw its stock price plummet over 8%. The market widely believes this data was already fully priced in, which dragged down the Korean index instead. In my personal view, the flagship stocks of the Korean market have reached a cyclical low point. While further declines cannot be ruled out, they have entered a buying zone.

On the U.S. stock front, last night’s “Trump Account” event held by Trump in the White House office injected another dose of confidence into the market. During the event, he explicitly called out Dell (DELL) and Micron (MU). He also clearly stated that “the market will soar” and “shorts are being liquidated,” adding, “I never like short sellers because they bet against the nation.” SpaceX and Robinhood are also within the influence sphere of the “Trump Account" and are expected to benefit long-term from such capital allocation.

Finally, there is new news about ChangXin Memory Technologies (CXMT), mentioned last week. According to reports from Korean media, CXMT is testing a packaging DRAM production line. Both the technology itself and its development speed are potentially ahead of Korean competitors like SK Hynix and Samsung Electronics. The level of attention for CXMT’s IPO has been raised again, now considered an S-class event comparable to SK Hynix’s U.S. stock listing.

As for crypto-concept stocks, with BTC slightly rebounding above $64,000, MSTR, BMNR, and CRCL also experienced a small bounce. However, given the current market lack of long-term sustained momentum, the downtrend may continue. Coupled with some DAT treasury companies liquidating their holdings, causing related stock prices to plummet, shorting remains another viable option for investors.

For more information on the crypto-stock market, please refer to MSX.COM. (Note from Odaily Planet Daily: This content is for learning and exchange purposes only and does not constitute investment advice.)

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

Chip Stocks Lead, S&P 500 Poised to Break 8,000 Points; Institutions Bullish on Micron, Bearish on Qualcomm

The Kobeissi Letter stated that chip stocks have become the new leading sector in the current U.S. stock bull market. While many stocks in the “Magnificent 7” have fallen over 20% from their recent highs, the semiconductor sector has taken over the market leadership baton. In fact, 8 out of the top 10 best-performing stocks in the S&P 500 this year are from the chip industry. As large-cap tech stocks regain market dominance and the semiconductor sector maintains strength or oscillates at high levels, the S&P 500 is expected to break the 8,000-point mark.

Furthermore, Citigroup analysts said in a research report: “Given the potential for DRAM chip prices to rise in the second half of 2026, we are adding Micron Technology to our ‘Positive Catalyst Watch’ list. Conversely, due to weak growth in smartphone sales, we are adding Qualcomm to our ‘Negative Catalyst Watch’ list.” The analysts added, “Fundamentally, demand for AI computing remains in a state of shortage, as evidenced by the recent 20% price increase for AWS EC2 GPUs. DRAM shortage is the biggest constraint on current computing power supply.”

Opinion: Memory Chip Sector May Mirror Nvidia’s “Fundamentals Hit New Highs, Stock Price Consolidates” Pattern

Citrini researcher Jukan stated that current market expectations for the memory chip sector are already elevated. Whether earnings reports beat estimates or not, stock prices may face pressure. If results exceed expectations, the market may 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 concerns that the memory chip sector may repeat Nvidia’s previous pattern of “continuously hitting new fundamental highs while the stock price consolidates for an extended period.” In this scenario, corporate earnings constantly break records, but because market expectations are fully priced in, stock price performance remains relatively lackluster.

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

Greeks.live macro researcher Adam stated that based on open interest distribution, all-term open interest is very low before the end of this month, totaling about 15%, a sign of low market activity. On the other hand, GEX is concentrated around the $60,000 put options and $63,000 call options, corresponding to the upper and lower limits of the recent two consolidation ranges. The crypto market appears to follow external markets significantly, making recent U.S. stock and commodity prices more noteworthy.

Weekly Updates on Listed Crypto-Exposed Companies

Representative BTC Treasury Listed Companies

Strategy Sold Over $200M in BTC in a Single Week; Metaplanet Buys BTC for First Time in Ten Weeks

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

Strategy (formerly MicroStrategy) sold 1,363 BTC on June 30 for approximately $80.8 million at an average price of $59,256, reducing its holdings to 846,000 BTC. On July 5, 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.

For the first time in ten weeks, Japanese listed company Metaplanet announced it spent $225 million to purchase 2,823 BTC at $79,664 per BTC, 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 5, with no specific amount disclosed, bringing its total holdings to 3,897 BTC. Asset management firm Strive announced on July 6 that it spent $1.68 million to purchase 17.76 BTC at $64,761, bringing its total holdings to 19,882 BTC.

As of press time, the total Bitcoin held by the surveyed global listed companies (excluding mining companies) is 1,141,812 BTC, a decrease of 0.04% compared to last week. Their current market value is approximately $70.3 billion, representing 5.7% of Bitcoin’s circulating market cap.

Empery Digital Accumulated 1,200 BTC Over 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 six days, the company cumulatively added 1,200 BTC, valued at $72.65 million.

Data: Listed Companies Net Bought Nearly 167,000 BTC Year-to-Date, Twice the Amount Mined

Market data shows that listed companies have net purchased 166,984 BTC year-to-date, which is twice the 81,153 BTC mined in the same period, averaging 912 BTC bought daily.

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 dropped to zero, removing it from the list of Bitcoin treasury companies.

K Wave Media previously announced last year that it had secured $1 billion in financing capabilities for a Bitcoin treasury and planned to expand its 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 the Bitcoin treasury strategy to AI infrastructure construction, including data centers, GPU computing power, and related acquisitions.

Trump Family-Backed American Bitcoin to Implement 1-for-15 Reverse Stock Split to Maintain Nasdaq Listing

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

The reverse split will take effect after the close of trading on Thursday, and trading will resume under the ticker ABTC at the adjusted price on Monday. 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 split plan was approved at the annual shareholder meeting in June.

American Bitcoin’s stock price fell to an all-time low of approximately $0.64 on Wednesday, declining over 64% year-to-date. The company currently holds 7,500 BTC, making it the 16th largest publicly traded Bitcoin holder globally.

Empery Digital Invests $65 Million in U.S. AI Data Center

Nasdaq-listed Bitcoin treasury company Empery Digital announced a definitive cooperation agreement with Hunt Properties, acquiring a 25% stake in a new project entity for $65 million. The entity plans to acquire and repurpose industrial facilities in the U.S. Midwest to build professional AI data centers.

The parties have formed a long-term strategic partnership to jointly develop computing power assets, advance AI and high-performance computing (HPC) infrastructure expansion, and integrate strengths in power supply, grid access, and capital market financing. Concurrently, Empery Digital announced it would cease its previous public data disclosure based on Bitcoin holdings’ Net Asset Value (NAV). The company explained that its current asset structure cannot be solely measured by Bitcoin holdings, and it will focus on capturing growth opportunities in AI computing power and energy infrastructure, diversifying into physical computing power operations.

Representative ETH Treasury Listed Companies

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

Ethereum treasury company Bitmine disclosed increasing its holdings by 42,197 ETH last week. As of June 28, 2026, its total ETH holdings reached 5,742,237, accounting for approximately 4.8% of Ethereum’s total supply.

To date, 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 Beast Industries equity, and a $71 million investment in Eightco Holdings (ORBS). As of July 5, its staked ETH amounted to 4,879,157 (85% of total holdings), valued at approximately $8.8 billion, generating an annualized staking yield of about $235 million.

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

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

As of June 28, Sharplink’s total ETH holding structure included 632,719 native ETH, 181,299 LsETH equivalents, and 72,707 weETH equivalents. The company stated it would continue its dual-track capital strategy of expanding ETH asset reserves alongside stock buybacks.

Representative SOL Treasury Listed Companies

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

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

Furthermore, the company’s fully diluted SOL per share increased from 0.0669 in the previous quarter to 0.0729, representing a 36% annualized sequential increase. During the same period, the company issued 93,642 common shares through 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 public market capital operations (including discounted buybacks, premium offerings) and leverage strategies (using fwdSOL as collateral), and further expand institutional capital channels by being included in the Russell 2000 and Russell 3000 indices.

Representative Altcoin Treasury Listed Companies

Hyperliquid Strategies Bought 600