Coin-Stock Barometer丨Global Listed Companies Net Sold $85.45 Million in BTC Last Week, Strategy’s Dollar Reserve Grows to $3 Billion (July 14)
- Core Viewpoint: Global stock market divergence is intensifying. The South Korean stock market is under pressure due to record foreign capital outflows; the U.S. stock market faces a tug-of-war between extreme bullish sentiment warnings and the broadening rally during earnings season; crypto-concept stocks are generally sluggish, but listed companies accelerated Bitcoin purchases in Q2.
- Key Factors:
- Foreign capital outflows from the South Korean stock market have reached nearly $110 billion cumulatively, hitting an all-time high, putting pressure on stocks like Samsung and SK Hynix.
- Bank of America’s "Bull & Bear Indicator" reached 9.4, signaling an extremely bullish zone and warning against aggressive buying behavior.
- Morgan Stanley expects the U.S. stock rally to broaden from tech giants to sectors like consumer discretionary and transportation, driven by the earnings season.
- Listed companies purchased 110,000 Bitcoins in Q2 2026, 1.8 times the amount bought in the previous two quarters.
- Strategy (formerly MicroStrategy) increased its dollar reserves to $3 billion, with Bitcoin holdings reaching 843,775 BTC.
- Crypto-concept stocks are generally on a downtrend. Apart from CRCL experiencing a short-term rebound due to favorable regulatory news, most remain in short-selling territory.
Editor’s Note: In last week’s “Crypto-Stock Compass” article, we mentioned that the Korean stock market had undergone a significant pullback and entered a buy zone. In the following week, including stocks like SK Hynix, Samsung, and the KOSPI index, the Korean stock market experienced its darkest hour, with continued foreign capital outflows while retail investors bought in unison. Data shows that foreign investors have withdrawn nearly $110 billion from the Korean stock market cumulatively, setting a new all-time high.
In the U.S. stock market, Trump’s bullish remarks combined with renewed tensions between the U.S. and Iran did not turn the market upward but instead led to massive selling pressure. Although SK Hynix’s ADR initially rose nearly 20% to around $175 upon its U.S. listing, it subsequently turned lower following the market trend. Currently, the U.S. stock market has turned downwards under the influence of the Korean market. Fundamentally, META announced an additional $40 billion investment in a data center in Louisiana, making the AI industry chain’s upstream and downstream still the main narrative of the stock market. Market sources suggested that Samsung Electronics is considering a U.S. ADR listing, but this was later denied officially.
Finally, on the A-share front, CXMT’s IPO is finally scheduled for July 27, planning to raise 29.5 billion yuan, with an estimated offering price of about 4.41 yuan per share, and an estimated total market value post-listing close to 295 billion yuan. Combined with previous news that Apple is seeking to purchase CXMT’s related memory products, although the recent market correction has been significant, CXMT still has potential for a short-term rise.
Regarding crypto-concept stocks, aside from CRCL, which saw a short-term rebound following last week’s news of receiving OCC approval to establish a digital currency trust bank, most other crypto-concept stocks are in a downtrend and remain in the short-selling range.
For more information on the crypto and stock markets, please see MSX.COM. (Note from Odaily: This article is for informational and educational purposes only and does not constitute investment advice.)
The U.S. Stock Market Reaches a Divergence Point: Beware of Aggressive Buying VS. Earnings Season Driving a Broader Rally
BofA Warns: Stock Market Bulls Should Consider Curbing Aggressive Buying
Bank of America’s latest fund manager survey indicates that global investors who have been aggressively buying stocks should consider reducing their holdings. The bank’s strategists point out that asset allocators have turned extremely bullish — often a warning signal for the market. Investors’ cash holdings have fallen to a “very low” level of 3.6% of assets, down from 4.1% last month, while U.S. stock holdings are at their highest since December 2024, with a net overweight of 24%.
The team led by Michael Hartnett wrote in the report: “Bank of America’s ‘Bull & Bear Indicator’ reading is as high as 9.4 (the indicator ranges from 1 to 10), placing it in the extremely bullish range, suggesting that exposure to stocks and high-beta assets should be reduced. Due to overly optimistic market positioning, the potential for further upside in risk assets during the summer will be limited.”
Not Just Tech Giants: Morgan Stanley Expects the U.S. Stock Rally to Broaden
Morgan Stanley strategists suggest that beyond tech giants, other U.S. stocks are also expected to report strong earnings this earnings season, driving the stock market rally to broaden further. The team led by Michael Wilson stated that the median company within the S&P 1500 Composite Index is seeing earnings per share growth exceeding 10%, the best performance since the post-pandemic recovery.
Furthermore, analysts are still raising profit expectations for the consumer discretionary and transportation sectors, both closely tied to economic growth. “We expect the market rally to expand further, driven by the earnings resilience of the median stock.” The second-quarter earnings season kicks off on Tuesday, with major banks reporting first. According to compiled data, analysts expect profits for S&P 500 companies to grow by 23%, which would be one of the strongest performances historically, excluding recovery phases after major economic recessions.
Weekly Update on Crypto-Stock Listed Companies
Representative Companies with BTC Treasury
According to SoSoValue data, as of 8:00 AM Eastern Time on July 13, 2026, the total weekly net selling of Bitcoin by global listed companies (excluding mining companies) last week was $85.45 million, a decrease of 908.42% compared to the previous week.
Strategy (formerly MicroStrategy) and Japanese listed company Metaplanet did not purchase Bitcoin last week.
Additionally, two other companies bought Bitcoin last week. Brazilian Bitcoin company OrangeBTC announced on July 13 that it purchased 8 Bitcoins at a price of $62,100, bringing its total holdings to 3,912. Asset management firm Strive announced on July 13 that it spent $1.15 million to purchase 18 Bitcoins at a price of $64,028, bringing its total holdings to approximately 19,900.
As of press time, global listed companies in the statistics (excluding mining companies) hold a total of 1,139,635 Bitcoins, a decrease of 0.19% from last week, with a current market value of approximately $71.38 billion, accounting for 5.7% of Bitcoin’s circulating market cap.
Strategy Announces Its Dollar Reserve Has Increased to $3 Billion
According to official sources, Strategy announced that its dollar reserve has increased by $450 million, reaching $3 billion as of July 12. Its Bitcoin holdings stand at 843,775.
Hyperscale Data Adds Another ~100 BTC, Bitcoin Reserves Surpass 1,000
U.S.-listed Bitcoin treasury and AI data center company Hyperscale Data disclosed that it has again added approximately 100 BTC recently. As of now, its Bitcoin reserves have surpassed 1,000. Company management revealed plans to potentially use Bitcoin as collateral for future financing and to diversify its balance sheet alongside cash and other strategic assets.
Strategy: To Report Q2 2026 Financial Results After US Market Close on July 30
Bitcoin treasury company Strategy announced it will release its second-quarter 2026 financial results after the U.S. stock market closes on July 30, 2026 (4:00 AM Beijing Time on July 31, 2026). A webcast to discuss the results will be held at 5:00 PM ET (5:00 AM Beijing Time) on the same day.
Cleanspark Adds 454 BTC, Holdings Reach 13,924 BTC Valued at ~$880 Million
Bitcoin miner Cleanspark purchased 454 BTC on July 7 at an average price of approximately $64,000, worth about $29 million. Its BTC reserves increased to 13,924, valued at approximately $880 million. Publicly listed miners sold over 32,000 BTC combined in Q1 2026, with Marathon selling over 20,800 BTC to repay debt and fund expansion. Cleanspark previously disclosed a net loss of $378.3 million for its fiscal second quarter ending March 31, 2026, including a non-cash fair value loss of $224.1 million due to the decline in BTC price. As of quarter-end, the company held $925.2 million in BTC and $260.3 million in cash.
Boyaa Interactive Adds 108 Bitcoin, Total BTC Holdings Rise to 4,201
Hong Kong-listed company Boyaa Interactive issued an announcement stating that it has purchased an additional 108 BTC. After this increase, Boyaa Interactive’s total Bitcoin holdings have risen to 4,201.
Bitcoin Miner BitFuFu Sells 184 BTC, Now Holds 1,671 BTC
BitcoinTreasuries.NET posted on X platform, stating that Singapore-listed Bitcoin miner BitFuFu sold 184 BTC and currently holds a total of 1,671 BTC, ranking 35th on the Bitcoin 100 list.
Bitdeer Maintains Zero Bitcoin Holdings, Sells 227.5 BTC This Week
Nasdaq-listed Bitcoin miner Bitdeer released its latest Bitcoin holdings data. For the week ending July 10, its Bitcoin mining output was 227.5 BTC, but it simultaneously sold 227.5 BTC, resulting in zero net additions. It continues to maintain zero Bitcoin holdings.
Empery Digital Sells 1,400 BTC, Current Holdings 1,514
Listed company Empery Digital sold 1,400 Bitcoins. The proceeds from this sale will be used in two parts: one part will be invested in an AI data center project with a total cost of $65 million to expand AI computing power business; the other part will repay $10 million in corporate debt. After completing this major reduction, the company’s Bitcoin holdings stand at 1,514.
Listed Companies Purchased 110,000 Bitcoin in Q2 2026, 1.8 Times the Previous Two Quarters
BitcoinTreasuries.NET stated that according to its latest monthly report, listed companies purchased 110,000 Bitcoins in the second quarter of 2026, 1.8 times the amount of the previous two quarters combined.
Representative Companies with ETH Treasury
Bitmine Added 27,801 ETH Last Week, Ethereum Staking Exceeds 4.91 Million
Ethereum treasury company Bitmine Immersion Technologies disclosed that it added 27,801 ETH last week. The company’s current crypto asset holdings include 5,770,038 ETH, 206 BTC, equity in Eightco Holdings worth $69 million, and shares in Beast Industries worth $180 million. Additionally, the total amount of ETH staked by the company is 4,917,189 (totaling $9 billion based on $1,820 per ETH).
Representative Companies with SOL Treasury
Solana Treasury Company DFDV Will No Longer Manage Daily Ecological Operations of Meme Coin DONT
Nasdaq-listed Solana treasury company DeFi Development Corp. (DFDV) announced that it will no longer manage the daily ecological operations of its Meme coin DONT. Leadership over the ecosystem will be transferred to an independent team led by Daniel Reis-Faria, which will focus on DONT ecosystem development, community building, partnership expansion, and liquidity enhancement. DFDV added that it will continue to hold its DONT treasury allocation, which currently represents approximately 31.6% of the total DONT supply, and will maintain a long-term holding commitment in line with the initial project promise.
Representative Companies with Altcoin Treasury
BNB treasury listed company BNB Plus issued an announcement stating that it has received a delisting determination from the Nasdaq Hearings Panel. The core reason for the delisting is that the stock price consistently failed to meet Nasdaq’s $1 minimum bid price requirement for continued listing. BNB Plus plans to submit a review request to the Nasdaq Listing Review Committee, but this review will not stay the delisting process. The company’s stock will be suspended from Nasdaq trading at the open on July 14, 2026. The company has completed preparations for listing on the OTCQB Venture Market, maintaining the stock ticker BNBX, and expects normal OTC trading to begin at the open on July 14.
