币股风向标丨Strategy上周投入2.55亿美元增持3273枚BTC；Bitmine资产总额达133亿美元，持有超507万枚ETH（4月28日）

Editor's Note: The US-Iran conflict remains deadlocked, but as we mentioned last week, traditional financial markets have begun to surge: Japanese and South Korean stock markets hit all-time highs; Nvidia, a leading US stock, stood above a $5 trillion market cap again, while indices like the Nasdaq and S&P 500 maintained an upward trajectory. Additionally, whether the new Fed Chair Kevin Warsh can take office smoothly has become the next focal point for capital market pricing. As for the crypto and US stock markets, without direct positive catalysts, this week continued a broad decline. Our suggestion remains to only engage in bargain-hunting for a few leading stocks or short-term rebound plays.

The following is a summary of last week's information on the crypto-stock markets compiled by Odaily, with all US stock data sourced frommsx.com.

US IPO Liquidity Test Looms, New Fed Chair's Policy Stance Questioned

The focal events of the past week centered around the confirmation hearing for the new Fed Chair Kevin Warsh and the market liquidity test, driven by the current year's IPO wave epitomized by SpaceX.

Analysis: SpaceX, OpenAI, and Anthropic IPOs Could Drain Liquidity from BTC and Crypto Markets

SpaceX confidentially submitted its S-1 filing to the SEC earlier this month, planning an IPO at an approximate valuation of $1.75 trillion, aiming to raise up to $75 billion. If it goes public in June as expected, it will surpass Saudi Aramco's 2019 record of $29 billion raised, becoming the largest IPO in history. Meanwhile, OpenAI and Anthropic also plan to list in the second half of this year, with the three companies expected to collectively attract over $240 billion in capital.

Market analysis suggests these mega-IPOs could significantly drain liquidity from risk assets, and the crypto market shares the same capital pool. Given the high correlation between major crypto assets like Bitcoin and Ethereum with Nasdaq and US risk appetite in recent years, a large shift of funds towards subscribing to tech giants' IPOs could weaken buying support for BTC, ETH, and altcoins. Analysts point out that Coinbase's listing day in 2021 coincided with a local top for Bitcoin. This SpaceX IPO could again mark a significant liquidity inflection point for the crypto market.

Warsh's High-Stakes Hearing: Denies Promising Trump Rate Cuts, Slams Fed as 'Off Course,' Labeled a 'Puppet'

Kevin Warsh, Trump's nominee for Fed Chair, went on the offensive during his confirmation hearing: refusing to answer whether Trump lost the election, being rebuked by Warren as a "puppet"; retaliating by blasting the Fed for "losing its way and being political"; and repeatedly denying promises of low interest rates to the President. Nick Timiraos, known as the "Fed whisperer," wrote that Massachusetts Democratic Senator Elizabeth Warren framed Warsh as both Trump's "puppet" and an opportunist in her opening statement. Warren's argument was that a Fed Chair who wouldn't dare state a simple fact that might displease the president who nominated him wouldn't stand up to that president in a critical moment. This theme permeated the entire hearing, with Democrats repeatedly returning to this point.

Warsh also stated that the Fed needs "fundamental policy reforms," including a new inflation framework, new tools, and new communication methods. While Warsh avoided commenting on Trump's public attacks on the Fed, he repeatedly denied to senators from both parties that Trump had sought any commitment regarding interest rates. "The president has never asked me to pre-determine, commit, set, or decide any interest rate decision, not in any of our discussions, and I would never agree to do so."

Goldman Sachs: Change at Fed Helm Won't Mean Rapid Rate Cuts

Goldman Sachs economist David Mericle stated in a report to clients that the path for Kevin Warsh to become Fed Chair is clear, but the leadership change may not immediately alter the Fed's policy stance in the coming months. He noted, "When the FOMC is divided, a new chair may not be able to push for rate cuts as forcefully as Powell." Regardless of Warsh's influence, the new chair's enthusiasm for rate cuts might not be much greater than Powell's, especially with uncertainties in the Middle East conflict remaining high. However, Goldman Sachs still expects easing before year-end, maintaining its forecast that the Fed will cut rates by 25 basis points in September and December.

Weekly Public Company Crypto Holdings Updates

Representative Public Companies Holding BTC Treasuries

Strategy Leads with $255M but Momentum Slows: Purchases Drop 90%, Global Reserve Companies Make Small Follow-ups

According to SoSoValue data, as of 8:00 AM ET on April 27, 2026, global public companies (excluding mining companies) had a total weekly net Bitcoin purchase of $260 million, down 89.8% from the previous week.

Strategy (formerly MicroStrategy) announced it invested $255 million (down 90% from last week) to purchase 3,273 Bitcoin at $77,906, bringing its total holdings to 818,334 BTC.

Japanese public company Metaplanet did not purchase Bitcoin last week.

Additionally, three other companies bought Bitcoin last week. Japanese fashion brand ANAP invested $770,000 on April 21, purchasing 9.1785 BTC at $84,239.7, total holdings reaching 1,431.9716 BTC; UK Bitcoin company The Smarter Web Company announced on April 24 it invested $3.39 million to buy 44 BTC at $77,071, total holdings reaching 2,750 BTC; a French Bitcoin company announced on April 27 it invested $460,000 to buy 6 BTC at $77,151, total holdings reaching 2,943 BTC.

Metaplanet has issued ¥8 billion (approximately $50 million) in zero-interest bonds to purchase Bitcoin.

As of press time, the total Bitcoin held by tracked global public companies (excluding miners) stands at 1,084,909 BTC, an increase of 0.3% from last week, with a current market value of approximately $84.34 billion, accounting for 5.4% of Bitcoin's circulating market cap.

Metaplanet Issues ¥8 Billion Zero-Coupon Bonds to Increase Bitcoin Holdings

Last week, Japanese Bitcoin treasury company Metaplanet announced the issuance of ¥8 billion in zero-coupon ordinary bonds to further purchase Bitcoin.

DDC Annual Report: Holds 2,383 BTC and Launches AI Treasury Intelligence Platform

US-listed company DDC Enterprise released its fiscal year 2025 results last week, with annual revenue reaching $39.2 million, up 4.6% year-over-year, hitting a record high; as of April 21, 2026, it held approximately 2,383 BTC, valued at about $182 million, ranking among the top 30 global public companies for Bitcoin holdings. DDC also announced the launch of an AI-driven "DDC Treasury Intelligence Platform" to optimize Bitcoin treasury management and capital allocation.

Representative Public Companies Holding ETH Treasuries

Bitmine's Total Assets Reach $13.3B, Holds Over 5.07M ETH Representing 4.21% of Supply

As of April 26, 2026, Bitmine's total crypto holdings, cash, and investments reached $13.3 billion. It currently holds 5,078,386 ETH, valued at approximately $12.03 billion, representing 4.21% of the total ETH supply. Additionally, holdings include 200 BTC, a $200 million equity stake in Beast Industries, a $91 million equity stake in Eightco Holdings, and $940 million in cash.

Bitmine currently has 3,701,589 ETH staked, worth approximately $8.8 billion at a price of $2,369. Its annualized staking yield is 3.033%, with an estimated annual return of $363 million. Bitmine transferred its listing from the NYSE American to the New York Stock Exchange on April 9, 2026.

Furthermore, last week the Ethereum Foundation sold 10,000 ETH to Bitmine via an OTC transaction at an average price of $2,387.

Representative Public Companies Holding Altcoin Treasuries

Eightco Discloses WLD Holdings Surpass 283M, ETH Holdings Steady at 11,068

Nasdaq-listed Eightco Holdings (ORBS) last week provided an update on its holdings, disclosing total asset value increased to $336 million, including: 283,452,700 Worldcoin (WLD), 11,068 ETH, a $90 million investment in OpenAI, a $25 million investment in Beast Industries, and $118 million in cash and stablecoins. Eightco Holdings stated that WLD tokens represent 23% of its total asset value, the OpenAI investment has decreased to 27% of total assets, and the Beast Industries investment accounts for 7% of total assets.

AVAX One Reports Q1 Results: Holds ~14M AVAX, Revenue Doubles Sequentially

Nasdaq-listed AVAX treasury company AVAX One last week announced preliminary Q1 2026 results. Benefiting from Avalanche staking rewards and Bitcoin mining business growth, quarterly revenue doubled sequentially to approximately $2.4 million. Regarding asset allocation, the company holds about 14 million AVAX, with over 90% currently staked. Meanwhile, AVAX One has signed a Letter of Intent to build a 10MW Tier 3 AI/HPC data center in Alberta, Canada. The project is expected to commence operations in Q1 2027, leveraging low-cost natural gas power to advance its dual strategy of "crypto asset yields + computing infrastructure" for AI and digital assets. The company also added 220 Bitcoin miners, increasing its hashrate to over 200 PH/s.

US-Listed Company Aurelion Discloses Holding 33,318 Tether Gold, 10,000 Staked

Nasdaq-listed Aurelion last week disclosed holding 33,318 Tether Gold (XAUT). Based on the April 23 price of $4,719.15 per ounce, its holdings are valued at over $157 million. The company also revealed it has staked 10,000 XAUT, transforming the gold token from a simple reserve asset into a yield-generating collateral asset, while the remaining 23,318 XAUT remain unstaked.

Tron Inc Increased TRX Holdings by 154,494 Tokens Last Week

Tron Inc posted on platform X, stating that the company recently increased its holdings by 154,494 TRX tokens at an average price of $0.3236, bringing its total TRX holdings to over 693 million tokens. The company aims to continue increasing its Tron DAT inventory to enhance long-term shareholder value.