币股风向标│Strategy卖出超2亿美元BTC；Metaplanet十周来首次再度出手增持；Bitmine上周增持超4.2万枚ETH（7月7日）

Editor's Note: In last week's "Crypto & Stock Barometer" article, we mentioned that "the South Korean stock market is experiencing a short-term pullback." In the past week, the market appears to remain 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 10th, its price has still undergone a deep correction. Today, South Korea's KOSPI index fell sharply again by 8%, triggering a circuit breaker. Foreign capital is accelerating its exodus, but retail investors are still choosing to "support the national market." In terms of price, SK Hynix's stock has dropped from its high of 2.917 million won on June 25th to 2.096 million won, a decline of over 28%. Currently, the hope rests on the $28 billion in US stock funds expected on the 10th (this Friday) to absorb the selling pressure. Samsung, after announcing "Q2 operating profit of 89.4 trillion won, 6% higher than market expectations," saw its stock price plunge over 8%. The market widely believes that this data has already been fully priced in, consequently dragging down the KOSPI index. In my personal view, the leading twin stocks of the South Korean market have reached a cyclical low. While further declines cannot be ruled out, they have entered the "sweet spot" for investment.

On the US stock front, the "Trump Account" event hosted by Trump at the White House office last night injected another dose of optimism into the market. During the event, he specifically promoted Dell (DELL) and Micron (MU). Furthermore, he explicitly stated that "the market is going to skyrocket," "short sellers are being liquidated," and "I've never liked short sellers because they are betting against the country." SpaceX and Robinhood also fall within the sphere of influence of the "Trump Account" and are expected to benefit long-term from this type of capital allocation.

Finally, there is also news regarding CXMT, which was mentioned last week. According to reports from South Korean media, CXMT is testing a DRAM packaging production line. The technology itself and its development speed may be ahead of South Korean competitors such as SK Hynix and Samsung Electronics. The level of attention given to CXMT's IPO has once again been elevated, now considered an S-level event comparable to SK Hynix's US stock listing.

As for crypto-related stocks, with BTC rebounding slightly to above $64,000, MSTR, BMNR, and CRCL have also seen a minor bounce. However, given the current market's lack of sustained long-term momentum, the downtrend may continue. Combined with some DAT treasury companies liquidating their holdings, leading to steep drops in related stock prices, shorting is another viable option for investors.

For more information on the crypto and stock markets, please refer to MSX.COM. (Odaily Note: This content is for informational and educational purposes only and does not constitute investment advice.)

Stock Market Insights Overview: Chips & Memory Remain Core Themes, Crypto Shows Waning Momentum

Chip Stocks Lead Rally; S&P 500 Poised to Break 8000, Institutions Bullish on Micron, Bearish on Qualcomm

The Kobeissi Letter stated that chip stocks have become the new leading sector in the current US stock bull market. While many stocks within the "Magnificent 7" have fallen over 20% from 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 come from the chip industry. As large-cap tech stocks regain their market dominance, and the semiconductor sector maintains its strength or consolidates at high levels, the S&P 500 is expected to break through the 8000-point mark.

Additionally, Citigroup analysts stated 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 'Upward Catalyst' watchlist. Conversely, due to sluggish smartphone sales growth, we are placing Qualcomm on our 'Downward Catalyst' watchlist." The analysts further noted, "Fundamentally, demand for AI computing power remains in a state of oversupply, as evidenced by the recent 20% price increase for AWS EC2 GPUs. DRAM shortages are currently the biggest constraint on computing power supply."

Viewpoint: Memory Chip Sector May Echo Nvidia's "Record Fundamentals, Sideways Stock Price" Pattern

Citrini researcher Jukan stated that current market expectations for the memory chip sector are already at relatively high levels. Regardless of whether earnings reports beat or miss expectations, stock prices are likely to face pressure. If earnings beat expectations, the market may worry about the sector cycle peaking; if they miss expectations, it could be interpreted as the end of the memory chip upcycle. Jukan also expressed concern that the memory chip sector might replicate Nvidia's previous pattern, where "fundamentals continuously hit new highs, but the stock price remained sideways for an extended period." In such a scenario, corporate profits keep setting records, but because market expectations are fully priced in, the stock price performance remains relatively flat.

Low Crypto Market Activity This Month; US Stocks and Commodity Prices May Be More Noteworthy

Greeks.live macro researcher Adam stated that, based on open interest distribution, holdings across all maturities are very low until the end of this month, totaling approximately 15%. This signals low market activity. On the other hand, GEX is concentrated at the $60,000 put option and the $63,000 call option, corresponding to the upper and lower limits of the recent two consolidation ranges. This market may significantly follow external markets, making US stocks and commodity prices more noteworthy in the near term.

Weekly Updates on Publicly Listed Crypto Treasury Companies

Representative BTC Treasury Companies

Strategy Sells Over $200 Million in BTC in a Single Week; Metaplanet Purchases BTC for the First Time in Ten Weeks

According to SoSoValue data, as of 8:00 AM EST on July 6, 2026, global publicly listed companies (excluding mining companies) recorded a total net weekly Bitcoin purchase of $10.57 million, a decrease of 27.85% compared to the previous week.

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

Japanese listed company Metaplanet announced its first purchase in ten weeks, investing $225 million to buy 2,823 BTC at $79,664 per BTC, bringing its total holdings to 40,177 BTC.

Additionally, two other companies purchased Bitcoin last week. Brazilian Bitcoin company OrangeBTC announced the purchase of 1 BTC on July 5th (amount undisclosed), bringing its total holdings to 3,897 BTC. Asset management firm Strive announced on July 6th 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 global publicly listed companies tracked (excluding mining companies) hold a total of 1,141,812 BTC, a decrease of 0.04% compared to last week. Their current market value is approximately $70.3 billion, accounting for 5.7% of Bitcoin's circulating market cap.

Empery Digital Accumulates 1,200 BTC Worth $72.65 Million Over Past 6 Days

According to Onchain Lens monitoring, Nasdaq-listed company Empery Digital (3KPA...NL9c) has 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 BTC Purchases This Year Reached Nearly 167,000, Double the Amount Mined During the Same Period

Market data shows that listed companies have net purchased 166,984 BTC year-to-date, which is double the 81,153 BTC mined during the same period. The average daily purchase is 912 BTC.

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. After the sale, the company's Bitcoin holdings fell to zero, and it has exited the ranks of Bitcoin treasury companies.

K Wave Media had previously announced gaining a $1 billion Bitcoin treasury financing capacity last year and planned to expand its Bitcoin holdings to 10,000 coins as soon as possible. However, in May of this year, the company redirected its remaining financing capacity of up to $485 million from the Bitcoin treasury strategy towards AI infrastructure construction, including data centers, GPU computing power, and related acquisitions.

Trump Family-Backed American Bitcoin to Implement 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 to be implemented next week to meet Nasdaq's minimum $1 bid price requirement.

The reverse split will take effect after the market close on Thursday, and trading under the ticker ABTC will resume on Monday at the adjusted price. 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 shareholders' meeting in June.

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

Empery Digital Invests $65 Million to Build AI Data Center in the US

Nasdaq-listed Bitcoin treasury company Empery Digital announced a final cooperation agreement with Hunt Properties, investing $65 million for a 25% equity stake in a new project entity. The entity plans to acquire and renovate an industrial plant in the US Midwest to create a specialized AI data center.

The two parties have established a long-term strategic partnership to jointly develop computing power assets, advance AI and high-performance computing (HPC) infrastructure expansion, and integrate advantages in power supply, grid access, and capital market financing. Concurrently, Empery Digital announced it will cease its previous public data disclosure 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. Going forward, it will focus on capturing growth opportunities in AI computing power and energy infrastructure, diversifying and expanding its physical computing power business.

Representative ETH Treasury Companies

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

Ethereum treasury company Bitmine disclosed that it added 42,197 ETH last week. As of June 28, 2026, its total ETH holdings reached 5,742,237, representing approximately 4.8% of the total Ethereum supply.

As of now, the total value of Bitmine's cryptocurrency, cash, and other investment assets is approximately $11.1 billion, including $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 5th, the amount of ETH staked is 4,879,157 (85% of total holdings), valued at approximately $8.8 billion, with an annualized staking yield of approximately $235 million.

Sharplink Previously Added 10,000 ETH, Total Holdings Rose to Approximately 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 approximately 886,725. Concurrently, the company repurchased 2,132,773 shares of common stock on the open market at an average price of $4.69, accumulating a total of 4,071,223 shares repurchased since initiating the buyback plan in August 2025.

As of June 28th, Sharplink's total ETH holdings structure includes: 632,719 native ETH, 181,299 LsETH equivalents, and 72,707 weETH equivalents. The company stated it will continue to pursue its dual-track capital strategy of expanding ETH asset reserves alongside stock buybacks.

Representative SOL Treasury Companies

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

Solana treasury company Forward Industries released its Q3 update for fiscal year 2026. The report shows that the company added over 500,000 SOL during the quarter, increasing total holdings to 7.55 million SOL.

Furthermore, the company's fully diluted SOL per share increased from 0.0669 in the previous quarter to 0.0729, representing an annualized sequential growth of 36%. 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 that it will continue to enhance SOL per share through open market capital operations (including discounted buybacks, premium issuances) and leverage strategies (using fwdSOL as collateral), while leveraging its inclusion in the Russell 2000 and Russell 3000 indices to broaden institutional capital channels.

Representative Altcoin Treasury Companies

Hyperliquid Strategies Added 600,000 HYPE in 7 Days Last Week, Purchasing Tokens Worth ~$40.6 Million

On July 3rd, HYPE treasury company Hyperliquid Strategies (PURR) announced that it had purchased a cumulative total of 600,000 native tokens, HYPE, over the past 7 days, valued at approximately $40.6 million at current market prices. This addition utilized $36 million in cash holdings. The institution currently holds $149.4 million in cash reserves. As its current