Author / Peter_Techub News | November 7, 2025
In the current climate of heightened volatility in the cryptocurrency market, the phenomenon of the correlation between cryptocurrencies and stocks has become increasingly prominent. Within just two days from November 6 to 7, several institutions took significant actions: from Ark Invest, led by Cathie Wood, increasing its stake in BitMine stock, to Tether and American Bitcoin expanding their Bitcoin reserves, and SharpLink's transfer on the Ethereum chain. These events not only reflect institutional confidence in digital assets but also further bridge the interaction between the crypto world and traditional stock markets. Based on the latest market monitoring data, we summarize key events and analyze their role in driving the correlation between cryptocurrencies and stocks.
November 6: Ark Invest Makes a Strong Move, Tether Increases BTC Reserves
On Wednesday (November 6), signals of the cryptocurrency-stock correlation first transmitted from the stock market to the crypto space. Ark Invest Tracker data shows that Ark Invest, led by Cathie Wood, increased its holdings by 215,709 shares of BitMine stock, valued at approximately $8.06 million. BitMine, a cryptocurrency mining company focused on Ethereum treasury and immersion cooling technology, has seen its stock price rise over 15% recently due to a recovery in the Ethereum ecosystem. This increase in holdings is viewed as a continuation of Ark's strategic layout in Web3 infrastructure, as the fund had previously invested $23.5 million in BitMine and Bullish shares in September 2025. Market analysts point out that this move may stimulate further increases in BitMine's stock price, driving related cryptocurrency mining stocks (such as IREN, MARA) to rebound.
Meanwhile, stablecoin giant Tether made headlines: according to market monitoring, the company increased its holdings by 961 Bitcoins, valued at approximately $973 million. This move continues Tether's aggressive strategy from the end of the third quarter of 2025, when its Bitcoin reserves exceeded 86,000 coins, with a total value of over $1 billion. Tether's accumulation of BTC not only strengthens its reserve diversification (with gold and BTC accounting for 13%) but also indirectly boosts Bitcoin prices, with BTC briefly reaching the $104,000 mark that day. This action highlights the "reserve effect" of the cryptocurrency-stock correlation: traditional financial institutions hedge against stock market volatility through crypto assets, driving the Nasdaq crypto index (such as COIN, MSTR) to recover in tandem.
The cumulative effect of these events was significant, with the U.S. stock market's crypto sector rising 0.5% against the trend, while Bitcoin and Ethereum recorded increases of 1.2% and 0.8%, respectively, showcasing the "spillover" of institutional funds from stocks to crypto.
November 7: American Bitcoin Expands Reserves, SharpLink ETH Transfer Ignites On-Chain Activity
As Thursday (November 7) arrived, the momentum of correlation not only persisted but increased. Nasdaq-listed American Bitcoin (ABTC) announced that since October 24, 2025, the company has increased its holdings by approximately 139 Bitcoins, bringing its total holdings to about 4,004 coins. At the same time, its Shares Per Share (SPS) metric rose to about 432 Satoshis, reflecting a dual drive from mining and strategic purchases. At the end of October, ABTC had already added 1,414 BTC through a Bitmain agreement, bringing its total reserves to 3,865 coins, with its stock price subsequently soaring by 11.5%. As a Bitcoin company supported by Trump, ABTC's reserve expansion is directly linked to its stock performance, with shares rising 3% at the market open, boosting the overall mining stock sector.
On the on-chain side, Onchain Lens monitoring revealed that SharpLink, the second-largest institutional holder of Ethereum, deposited 4,363.5 ETH, valued at approximately $14.47 million, into the OKX exchange. This transfer may indicate an adjustment in SharpLink's liquidity management, as the company had previously strengthened its ETH reserves through a private placement of $76.5 million in mid-October. The price of ETH subsequently rebounded slightly by 0.6%, while SharpLink's on-chain activity further stimulated trading volumes in DeFi lending protocols (such as Aave, Compound), indirectly impacting Nasdaq Web3-related stocks (such as SharpLink itself or associated ETFs).
The Deeper Logic and Market Impact of Cryptocurrency-Stock Correlation
These events are not isolated but rather a microcosm of the cryptocurrency-stock correlation ecosystem. The stock operations of Ark and ABTC directly anchor BTC/ETH price fluctuations, Tether's reserve increase amplifies liquidity effects, and SharpLink's on-chain transfer highlights the shift of institutions from "holding coins" to "trading." Overall, from November 6 to 7, the total market capitalization of the crypto market increased slightly by 1.1%, while the Nasdaq crypto index rose by 0.8%, far exceeding the broader market.
From a macro perspective, expectations of Federal Reserve interest rate cuts and the aftermath of the U.S. elections are accelerating this trend. Institutional data shows that the correlation coefficient between crypto-related stocks (such as MSTR, COIN) and BTC has reached 0.85 in 2025, significantly higher than the 0.65 at the beginning of the year. However, risks remain: if the stock market corrects (as MSTR turned negative year-on-year yesterday), the crypto sector may be easily dragged down.
Looking ahead to next week, with the Chainlink-Ondo collaboration taking shape and the New York TRUST Summit being held, the cryptocurrency-stock correlation may reach a new peak. Investors should pay attention to reserve indicators (such as SPS) and on-chain transfer data as entry signals.
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