币股風向標丨BitMine持有資產及投資總額達107億美元，大於約93億美元浮虧；Strategy僅買入520枚BTC，Strive逆勢加倉（6月23日）

Editor's Note: In last week's "Crypto-Stock Barometer" article, we mentioned that "the stock market focus remains on AI-related sectors like optics, storage, and materials." Corresponding stocks and ETF leveraged funds have been rising accordingly. Additionally, the "Trump Quantum Computing Concept" sector we previously noted has again drawn significant attention and long-term plans from the US government, with IBM seeing another uptick.

However, as predicted by the well-known research firm Citrini, the US stock market may face a significant correction-style washout, with Japanese and Korean indices also declining in tandem: South Korea's KOSPI closed nearly 10% lower, and Japan's Nikkei 225 closed down 3.55%. On the other hand, the "storage craze" driven by the AI boom is also facing a test. The total market value of leveraged ETFs for SK Hynix and Samsung Electronics has grown to around 10 trillion Korean won, and regulators are considering measures to control risks from retail investor chasing gains.

After hitting new highs, SpaceX's stock price fell over 16% in a single day, now dipping below its opening price of $150. Unless Musk delivers more developments, the stock may continue to face pressure. However, given the potential for index inclusion and limited unlocks, a rebound remains possible.

As for the crypto-concept stock sector, treasury companies like Strategy, Bitmine, and Sharplink continue to raise funds and increase holdings, but it may be difficult to buck the market trend until Q4. The next steps in US-Iran negotiations and the Fed's subsequent actions are also market focal points.Micron's earnings report on Wednesday may determine the duration of the short-term market correction. Recommended reading:"Micron Earnings on Wednesday: Reduce Position Risk and Wait for Low-Price Opportunities in the Storage Sector".

In summary, major markets including US, Japanese, Korean, Taiwanese, Hong Kong, and A-shares remain highly dependent on sentiment-driven speculation fueled by the AI boom. Before OpenAI and Anthropic launch their IPOs, these markets will likely continue their pattern of high volatility, sustained rallies, and sentiment/news-driven speculation.

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

European and US Index Futures Decline, Japanese and Korean Markets Retreat

US Stock Futures Plunge, Large Tech Stocks Lead the Decline Again

US stock futures fell on Tuesday as selling pressure on large-cap tech stocks spread to AI-related stocks in Asia, while investors awaited further progress in US-Iran talks.

Asian tech sub-sectors took a heavy hit on Tuesday, ending an eight-day winning streak. Japanese and Korean markets collectively retreated, with Korean stocks plunging nearly 10%. Mega-cap tech stocks are now showing a pattern of synchronized volatility. Alphabet has been weak, and SpaceX is also declining due to fading IPO enthusiasm. This sentiment is gradually spreading to other leading tech stocks, prompting a cautious re-evaluation of the sector. This marks a sharp contrast from last year, when almost every AI-related company was seen as a "gold mine," and any firm mentioning AI was embraced by the market. Now, however, the market is entering a "show-me-the-results" verification phase, demanding that massive investments in AI infrastructure yield tangible returns.

This is particularly pronounced for companies like SpaceX, which are cash-flow negative yet still raised $75 billion from its IPO.This shift is keeping market sentiment tense, with this week's focus turning to Micron Technology's earnings call. "Many investors hold AI stocks and have realized substantial gains. Any volatility could prompt them to reduce positions and lock in profits,"

said Jian Shi Cortesi, a fund manager at Gam Investment Management. "Tech stocks are also particularly sensitive to interest rate outlooks and potential Fed rate hikes."

Morgan Stanley: Liquidity Tightening is the Main Threat to US Stocks

Mike Wilson, Chief Investment Officer and Chief US Equity Strategist at Morgan Stanley, stated that liquidity, rather than rate hikes, poses the primary risk to US stocks in the near term. He noted that the scale of the Reserve Management Program has declined by approximately 75% from its peak, and Treasury buyback volume has also been halved. Wilson expects volatility and a potential correction in US stocks in July, with the next leg of the earnings-driven bull market delayed until liquidity headwinds subside.

Weekly Update on Listed Crypto-Stock Companies

Representative Companies with BTC Treasuries

Strategy Shows Restraint, Acquiring Only 520 BTC; Strive Bucked the Trend by Adding Positions

According to SoSoValue data, as of 8:00 AM EST on June 22, 2026, total net weekly Bitcoin purchases by global listed companies (excluding mining companies) amounted to $86.03 million, a 13.97% decrease from the previous week.

Strategy (formerly MicroStrategy) spent approximately $34.9 million last week to purchase 520 BTC at $67,068, bringing its total holdings to 847,363 BTC.

Japanese listed company Metaplanet did not purchase Bitcoin last week, extending its buying hiatus to nine consecutive weeks.

Additionally, four other companies bought Bitcoin last week. Japanese food brand DayDayCook announced on June 17 that it spent $7.43 million to purchase 95 BTC (price undisclosed), bringing its total holdings to 2,899 BTC. Brazilian Bitcoin company OrangeBTC announced on June 21 that it invested $1.15 million to purchase 18 BTC at $64,121, bringing its total holdings to 3,822 BTC. Asset management firm Strive announced spending $49.98 million between June 15 and June 21 to purchase 759 BTC at $65,850, bringing its total holdings to 19,864 BTC.

As of press time, global listed companies (excluding mining firms) tracked in the statistics collectively hold 1,142,276 BTC, an increase of 1.87% from the previous week, with a current market value of approximately $74.17 billion, representing 5.7% of Bitcoin's circulating market cap.

Mara Holdings Adds 1,000 BTC, Total Holdings Reach 36,303 BTC

According to BitcoinTreasuries.NET monitoring, listed company Mara Holdings added 1,000 BTC last week, bringing its total holdings to 36,303 BTC.

Capital B Shareholders Approve Over $120 Billion Financing Plan to Boost Bitcoin Reserve Expansion

Shareholders of the Bitcoin treasury company have approved a massive financing plan. The company can raise up to approximately $5.76 billion through new equity issuance and refinance up to approximately $115.2 billion through credit instruments to further increase its Bitcoin holdings. This plan indicates that Capital B will rely on both equity financing and debt instruments to expand its crypto asset exposure, potentially increasing the correlation of its capital structure with the BTC price.

At current prices, this financing scale could theoretically support the purchase of over 1.87 million BTC, signaling a potential future reinforcement of its "Bitcoin treasury" style asset allocation strategy.

BitFuFu Announces Share Buyback Plan of Up to $5 Million

Nasdaq-listed Bitcoin miner BitFuFu (NASDAQ: FUFU) announced that its board of directors has approved a share repurchase plan of up to $5 million. Under the plan, the company may repurchase its Class A ordinary shares over a two-year period starting June 24, 2026.

BitFuFu Chairman and CEO Leo Lu stated that this buyback plan reflects the company's firm confidence in long-term shareholder value, prudent capital allocation, and long-term strategic development. The company will continue to advance its global infrastructure layout and hashrate expansion strategy, aiming to continuously increase its hashrate scale.

Representative Companies with ETH Treasuries

BitMine: Purchased a Total of 52,203 ETH Worth $92 Million Over the Past Week

As of June 21, 2026, BitMine's total holdings of crypto assets, cash, marketable securities, and "Moonshots" investments reached $10.7 billion. Its crypto asset holdings include 5,672,956 ETH and 205 BTC.

Additionally, Bitmine has staked 4,718,677 ETH. Its ETH holdings represent 4.7% of the total ETH supply, making it the world's largest corporate treasury of ETH. Over the past week, BitMine purchased a total of 52,203 ETH, valued at $92 million.

Sharplink Completes $75 Million Private Placement, Plans to Expand ETH Reserves and Repurchase Shares

Sharplink announced that it has signed a securities purchase agreement to sell 10,013,400 shares of common stock along with warrants for an equal number of shares, raising approximately $75 million. The funds will be used for working capital, continued accumulation of ETH assets, and share repurchases under a buyback program. As of June 16, Sharplink held a total of 875,776 ETH.

Representative Companies with SOL Treasuries

Top Five Listed Companies with Solana Treasuries Hold Over 15.7 Million SOL Combined

Beyond Bitcoin and Ethereum, several listed companies are adding Solana to their balance sheets. Based on currently disclosed holdings, the top five Solana treasury companies collectively hold over 15.7 million SOL.

Forward Industries holds 7,044,079 SOL, ranking first; Upexi holds 2,361,931 SOL, ranking second; DeFi Development Corp. holds 2,294,576 SOL, ranking third. Solana Company holds 2,071,127 SOL, and SkyAI disclosed holding approximately 2,000,000 SOL on its balance sheet, ranking fourth and fifth, respectively.

Forward Industries has staked all its SOL treasury and previously disclosed generating approximately $4.6 million in staking income in Q4. DeFi Development Corp. established a $5 billion equity credit line in June 2026 for strategic Solana purchases. Solana Company was renamed from medical device company Helius Technologies. SkyAI was renamed from Sharps Technology.

Solmate's Largest External Shareholder Sues Board of Directors

RBCH, the largest external shareholder of Solana digital asset treasury company Solmate Infrastructure (SLMT), has filed a lawsuit in the New York State Supreme Court against the company's current executives and directors, alleging breaches of fiduciary duty, misleading statements, and self-dealing.

RBCH is associated with RockawayX founder and CEO Viktor Fischer and currently holds approximately 22.74% of Solmate's parent company, Brera Holdings. The entity led Solmate's $300 million PIPE financing in September 2025 and committed $50 million.

The lawsuit alleges that the Solmate board engaged in multiple actions detrimental to shareholder interests, including selling shares while other investors remained locked up, signing advisory agreements biased towards board-related parties, and directors Ron Sade and Keren Maimon personally purchasing approximately 2.298 million Class B shares at $4.97 per share, resulting in a dilution of approximately 20% for shareholders. The plaintiff claims the transaction is illegal.

Fischer stated that Solmate has severely underperformed, currently trading at approximately a 50% discount to its net asset value, attributing the problem to poor management and self-dealing by the board. Solmate's balance sheet holds approximately 2 million SOL. Its stock price has fallen approximately 78% year-to-date, making it one of the worst-performing SOL DATs. In comparison, SOL has fallen approximately 50% over the same period.

Representative Companies with Altcoin Treasuries

Canton Strategic Launches $50 Million Stock Buyback Program

Nasdaq-listed Canton Coin treasury company Canton Strategic announced that its board of directors has approved a $50 million stock buyback program. The repurchases will be executed through the open market or other compliant means in accordance with US securities laws. However, the timing, scale, and execution method may be adjusted or terminated based on market conditions, stock price performance, trading volume, and the regulatory environment, and the company does not commit to a minimum or fixed repurchase amount.

Litecoin Treasury Company Lite Strategy Leads $1 Million Strategic Investment in LitVM

Nasdaq-listed Litecoin treasury company Lite Strategy announced it is leading a $1 million strategic investment in LitVM, also gaining governance participation rights and potential subscription rights for future tokens. LitVM is a zero-knowledge Layer 2 scaling network built on Litecoin. The new funding will support bringing smart contract capabilities and a programmable application layer to Litecoin after its mainnet launch.