币股风向标丨Strategy ขาย BTC กว่า 200 ล้านดอลลาร์; MetaPlatform ซื้อเพิ่มเป็นครั้งแรกในรอบสิบสัปดาห์; Bitmine ซื้อ ETH เพิ่มกว่า 42,000 เหรียญในสัปดาห์ที่ผ่านมา (7 กรกฎาคม)
- ประเด็นหลัก: ตลาดปัจจุบันถูกครอบงำโดยหุ้นชิปและหน่วยความจำ หุ้นเกาหลีปรับตัวลึกลงเนื่องจากเลเวอเรจที่มากเกินไป หุ้นเทคโนโลยียุโรปแบ่งกลุ่ม ตลาดคริปโตมีกิจกรรมไม่เพียงพอ การถือ BTC ของบริษัทจดทะเบียนเริ่มแบ่งขั้ว บางบริษัทหันไปสู่โครงสร้างพื้นฐาน AI
- ปัจจัยสำคัญ:
- หุ้นเกาหลีร่วงหนัก: ดัชนี KOSPI ของเกาหลีใต้ร่วงลงถึง 8% จนเกิด Circuit Breaker ราคาหุ้น SK Hynix ร่วงกว่า 28% จากจุดสูงสุด หลังจากผลประกอบการ Samsung สูงกว่าคาด หุ้นกลับร่วงเพิ่ม 8% เงินทุนต่างชาติไหลออก ขณะที่นักลงทุนรายย่อยรับซื้อ
- การเปลี่ยนผู้นำในหุ้นสหรัฐฯ: หุ้นชิปกลายเป็นกลุ่มผู้นำใหม่ใน S&P 500 ในปีนี้ จาก 10 หุ้นที่มีผลงานดีที่สุด 8 หุ้นมาจากอุตสาหกรรมชิป Citi มองบวก Micron และมองลบ Qualcomm
- ตลาดคริปโตซบเซา: BTC ดีดตัวขึ้นเล็กน้อยเหนือ 64,000 ดอลลาร์ หุ้นกลุ่มคริปโตฟื้นตัวช้า กิจกรรมในตลาดต่ำ GEX Option กระจุกตัวอยู่ในช่วง 60,000-63,000 ดอลลาร์
- การเปลี่ยนแปลงคลัง BTC ของบริษัทจดทะเบียน: Strategy ขาย BTC กว่า 200 ล้านดอลลาร์ในหนึ่งสัปดาห์ MetaPlatform ซื้อ BTC ครั้งแรกในรอบสิบสัปดาห์ K Wave Media ปิดสถานะและถอนตัว บริษัทจดทะเบียนซื้อ BTC สุทธิเกือบ 167,000 เหรียญในปีนี้
- บริษัทจดทะเบียนหันไปหา AI: Empery Digital ลงทุน 65 ล้านดอลลาร์ใน Data Center AI K Wave Media เปลี่ยนกลยุทธ์การระดมทุนจาก Bitcoin ไปสู่โครงสร้างพื้นฐาน AI ชี้ให้เห็นโอกาสการเติบโตของกำลังประมวลผลทางกายภาพ
- การเพิ่มการถือ ETH และ SOL คลัง: Bitmine ถือ ETH เพิ่มกว่า 42,000 เหรียญ รวมเป็น 5.74 ล้านเหรียญ Forward Industries ในไตรมาสนี้ถือ SOL เพิ่ม 500,000 เหรียญ รวมเป็น 755,000 เหรียญ
- คำเตือนความเสี่ยง: ราคาหุ้น AVAT บริษัทคลังสินค้า AVAX ร่วงลงกว่า 93% ในหนึ่งเดือน เตือนถึงข้อกังวลสำคัญเกี่ยวกับความสามารถในการดำเนินงานต่อเนื่อง คลังสินค้า Altcoin เผชิญแรงกดดันอย่างมาก
Editor's Note: In last week's "Crypto-Stock Barometer" article, we mentioned that "the South Korean stock market is experiencing a short-term correction." Over the past week, the market still appears to be in a phase of "violent deleveraging and aggressive bubble squeezing." Although SK Hynix is set to list its ADR on the US stock market on July 10, its price has still undergone a deep correction. Today, South Korea's KOSPI index plummeted 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 drop of over 28%. Hopes are now pinned on the inflow 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 KRW, 6% above market expectations," its stock price instead plunged over 8%. The market widely believes this data was already fully priced in, which dragged the KOSPI down further. From a personal perspective, the two leading stocks in the Korean market have reached a cyclical low. While further declines cannot be ruled out, they have entered the value zone for investors.
On the US stock front, the "Trump Account" event held by Trump in the White House Office last night injected another dose of optimism into the market. During the event, he called out Dell (DELL) and Micron (MU). He also explicitly stated "the market will skyrocket", that "shorts are being liquidated," and "I never liked short sellers because they are betting 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's also news regarding CXMT 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. CXMT's IPO priority level has once again been raised, now potentially on par with the S-class level of SK Hynix's US stock listing.
As for crypto-related stocks, with BTC rebounding slightly above $64,000, MSTR, BMNR, and CRCL also saw a small bounce. However, given the current market lacks long-term sustained driving momentum, the downtrend may continue. With some DAT treasury companies liquidating their holdings and related stock prices crashing, shorting is another option for investors.
For more information on the crypto-stock market, please refer to MSX.COM. (Note: This article does not constitute investment advice and is for educational and informational purposes only)
Stock Market Overview: Chips and Memory Remain the Main Theme, Crypto Momentum Still Weak
Chip Stocks Lead, S&P 500 Poised to Break 8,000; Institutions Bullish on Micron, Bearish on Qualcomm
The Kobeissi Letter stated in a post that chip stocks have become the new leading sector in this US bull market. Although many stocks in the "Magnificent 7" have fallen over 20% from recent highs, the semiconductor sector has taken over the market leadership baton. In fact, 8 of the top 10 performing stocks in the S&P 500 this year come from the chip industry. As large-cap tech stocks regain market dominance, while the semiconductor sector remains strong or fluctuates at high levels, the S&P 500 is expected to break through 8,000 points.
Additionally, Citigroup analysts said in a research report: "Given the expectation of higher DRAM chip prices in the second half of 2026, we are adding Micron Technology to our 'Upside Catalyst' watchlist. Conversely, due to sluggish growth in smartphone sales, we are adding Qualcomm to our 'Downside Catalyst' watchlist." The analysts added: "Fundamentally, demand for AI computing power remains in a state of supply shortage, as reflected 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 Repeat Nvidia's "Fundamental Breakthroughs, Sideways Stock Price" Pattern
Citrini researcher Jukan stated in a post that current market expectations for the memory chip sector are already at a high level. Whether earnings reports beat expectations or not, stock prices are likely to face pressure. If results exceed expectations, the market may fear the industry cycle has peaked; if they fall short, it could be interpreted as the end of the memory chip boom cycle. Jukan also suggested the memory chip sector might repeat Nvidia's previous pattern of "fundamentals continuously hitting new highs while the stock price trades sideways for an extended period." This means corporate earnings keep setting records, but because the market expectations are already fully priced in, the stock price performance remains relatively subdued.
Low Crypto Market Activity This Month; US Stocks and Commodity Prices May Be More Worth Watching
Greeks.live macro researcher Adam stated in a post that, based on open interest distribution, positions across all terms are very low until the end of this month, totaling around 15%. This is 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 two recent trading ranges. The crypto market may noticeably follow external markets, making US stock and commodity prices more noteworthy in the near term.
Weekly Updates on Listed Crypto-Treasury Companies
Representative BTC Treasury Companies
Strategy Sells Over $200M 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 weekly Bitcoin purchases by global listed companies (excluding mining companies) was $10.57 million, a decrease of 27.85% compared to the previous week.
Strategy (formerly MicroStrategy) sold 1,363 BTC on June 30 at an average price of $59,256, realizing proceeds of approximately $80.8 million, reducing its holdings to 846,000 BTC. On July 5, it sold another 2,225 BTC at an average price of $60,773, realizing proceeds of about $135 million, further reducing its holdings to 843,775 BTC.
Japanese listed company Metaplanet announced its first purchase in 10 weeks, investing $225 million to buy 2,823 BTC at $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 5, with the specific amount undisclosed, bringing 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 total holdings to 19,882 BTC.
As of press time, global listed companies (excluding mining companies) in the statistics hold a combined total of 1,141,812 BTC, a decrease of 0.04% from last week. The current market value is approximately $70.3 billion, representing 5.7% of Bitcoin's circulating market cap.
Empery Digital Accumulates 1,200 BTC in 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 Net Bought Nearly 167,000 BTC Year-to-Date, Double the Amount Mined
Market data shows that listed companies have net bought 166,984 BTC year-to-date (YTD). This is double the 81,153 BTC mined during the same period, with an average daily purchase of 912 BTC.
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, and it has exited the ranks of Bitcoin treasury companies.
K Wave Media had previously announced last year that it had secured up to $1 billion in Bitcoin treasury financing capacity and planned to expand its Bitcoin holdings to 10,000 BTC as soon as possible. However, in May of this year, the company redirected the remaining financing capacity of up to $485 million from its Bitcoin treasury strategy towards AI infrastructure, including data centers, GPU computing power, and related acquisitions.
Trump Family-Backed American Bitcoin to Execute 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, effective next week, to meet the Nasdaq minimum $1 bid price requirement.
The reverse split will take effect after the close of trading on Thursday and will begin trading on Monday at the adjusted price under the ticker ABTC. 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 reverse split plan was approved at the annual shareholders' meeting in June.
American Bitcoin's stock price fell to an all-time low of approximately $0.64 on Wednesday, down 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 US AI Data Center
Nasdaq-listed Bitcoin treasury company Empery Digital announced a definitive cooperation agreement with Hunt Properties, investing $65 million for a 25% equity stake in a new project entity. This entity plans to acquire and redevelop industrial properties in the US Midwest to create a specialized AI data center.
The two parties have formed a long-term strategic partnership to co-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 will cease its previous public data disclosures based on Bitcoin holdings net asset value (NAV). The company explained that its current asset structure can no longer be measured solely by Bitcoin holdings, and it will focus on growth opportunities in AI computing power and energy infrastructure, diversifying into physical computing power operations.
Representative ETH Treasury Companies
Bitmine Added 42,197 ETH Last Week, Total Holdings Exceed 5.74 Million ETH
Ethereum treasury company Bitmine disclosed it added 42,197 ETH last week. As of June 28, 2026, its total Ethereum holdings reached 5,742,237 ETH, accounting for approximately 4.8% of the total Ether 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 assets, and a $71 million investment in Eightco Holdings (ORBS). As of July 5, its staked Ethereum amount was 4,879,157 ETH (85% of total holdings), valued at approximately $8.8 billion, generating an annualized staking yield of roughly $235 million.
Sharplink Added 10,000 ETH, Increasing Total Holdings to Approximately 886,725 ETH
Last week, Nasdaq-listed Ethereum treasury company Sharplink (SBET) announced it had purchased an additional 10,000 ETH at an average price of approximately $1,611, bringing its total ETH holdings to about 886,725 ETH. Concurrently, the company repurchased 2,132,773 shares of its common stock on the open market at an average price of $4.69, bringing cumulative repurchases since the program's launch in August 2025 to 4,071,223 shares.
As of June 28, Sharplink's total Ethereum holdings comprise: 632,719 native ETH, 181,299 LsETH equivalents, and 72,707 weETH equivalents. The company stated it will continue its dual-track capital strategy of expanding its ETH asset reserve and executing share buybacks.
Representative SOL Treasury Companies
Forward Industries Adds 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 its total holdings to 7.55 million SOL.
Additionally, the company's fully diluted SOL per share increased from 0.0669 in the previous quarter to 0.0729, representing a quarter-over-quarter annualized growth of 36%. During the same period, the company issued 93,642 common shares through an At The Market (ATM) offering, completing accretive financing when its shares traded at a premium to net asset value (NAV).
Forward stated it will continue to enhance its SOL per share metric through open market capital operations (including discounted buybacks and premium issuances) and leverage strategies (using fwdSOL as collateral), while also broadening its institutional capital channels by joining the Russell 2000 and Russell 3000 indices.
Representative Altcoin Treasury Companies
Hyperliquid Strategies Added 600,000 HYPE in 7 Days, Purchasing Tokens Worth ~$40.6 Million
On July 3, HYPE treasury company Hyperliquid Strategies (PURR) announced it had purchased a cumulative total of 600,000 native HYPE tokens over the past 7 days, valued at approximately $40.6 million at current market prices. The purchase utilized $36 million in cash positions. The institution still holds $149.4 million in cash reserves. As its current adjusted net asset value per share (mNAV) is close to or even below 1, it did not issue new shares, completing this purchase entirely with its own cash.
