Editor's Note: As Bitcoin briefly fell below the $100,000 mark, the crypto market experienced another wave of panic following the "10·11 crash." Meanwhile, driven by celebrity effects, market demand, and favorable concepts, tokens from established projects in the privacy and storage sectors briefly enjoyed their moment in the spotlight. However, cryptocurrency concept stocks overall have entered a downward trend alongside the market decline. During this market downturn, Coinbase and Robinhood have still generated high market expectations through incremental businesses like prediction markets and launch platforms, with relatively small stock price fluctuations. Readers are advised to pay attention to the stock price trends of leading companies while appropriately taking profits and losses in conjunction with the overall market. Below is a summary of last week's cryptocurrency stock market information compiled by Odaily Planet Daily, all U.S. stock data is sourced from msx.com.
Weekly Summary of Developments
Representative Companies of BTC Treasury Listed Companies
According to SoSoValue data, as of November 10, 2025, global listed companies (excluding mining companies) had a total net sale of Bitcoin amounting to $53.72 million last week, a decrease of 114.68% compared to the previous week.
Strategy (formerly MicroStrategy) invested $49.9 million last week, purchasing 487 Bitcoins at a price of $102,557, bringing its total holdings to 641,692 Bitcoins.
The Japanese listed company Metaplanet did not purchase any Bitcoin last week.
Additionally, three other companies purchased Bitcoin last week:
- The UK web design and development company The Smarter Web Company announced on November 4 that it invested $400,000 to acquire 4 Bitcoins at a price of $108,510, bringing its total holdings to 2,664 Bitcoins;
- The UK Bitcoin reserve company B HODL announced on November 6 that it invested $570,000 to acquire 5 Bitcoins at a price of $111,655, bringing its total holdings to 153.039 Bitcoins.
- The Hong Kong genetic testing and health technology company Prenetics invested $710,000 this week to purchase 7 Bitcoins, bringing its total holdings to 387.4213 Bitcoins.
- The French semiconductor company Sequans reduced its holdings by 970 Bitcoins last week at a price of $108,600, generating $105 million. Its current total holdings are 2,264 Bitcoins.
As of the time of publication, the total amount of Bitcoin held by the listed companies worldwide (excluding mining companies) is 875,120 Bitcoins, with a current market value of approximately $9.315 billion, accounting for 4.39% of Bitcoin's circulating market value.
Strive disclosed an increase of 1,567 BTC, bringing total Bitcoin holdings to 7,525 BTC
On November 10, Nasdaq-listed company Strive announced the completion of the issuance of 2 million shares of variable rate Series A perpetual preferred stock at an issuance price of $80 per share, raising a total of $160 million. Additionally, the company disclosed that it purchased 1,567 Bitcoins at an average price of $103,315, increasing its total Bitcoin holdings to 7,525 Bitcoins as of November 10.
On November 7, the Trump family mining company, U.S. listed company American Bitcoin (ABTC), posted on platform X that since its announcement on October 24, 2025, it has purchased an additional 139 BTC, bringing its total Bitcoin holdings to 4,004 BTC, with a per-share smart (SPS) metric of 432 Satoshis.
On November 5, Coinpost reported that the Japanese listed company Metaplanet completed a $100 million (approximately 15.3 billion yen) financing backed by its Bitcoin holdings on October 31.
The financing will primarily be used for additional Bitcoin purchases, as well as for expanding revenue-generating businesses and stock buybacks. As of October 31, the company held 30,823 BTC, and this loan amount represents about 3% of its holdings. The company stated it would avoid excessive leverage and only execute borrowing within the range that maintains sufficient collateral capacity.
U.S. listed company Sequans sold 970 Bitcoins to reduce debt, stock price plummeted 16%
On November 5, the U.S. listed semiconductor company Sequans (NASDAQ: SQNS) saw its stock price drop 16.6% to $5.92 after selling approximately 970 Bitcoins to redeem half of its convertible debt. This represents a nearly 89% decline from its 2025 peak of $53.9. Sequans stated that this move is part of a "strategic asset reallocation," reducing its Bitcoin holdings by about 30% (from 3,234 to 2,264 Bitcoins) and lowering its outstanding debt from $189 million to $94.5 million.
CEO Georges Karam stated that the company's long-term belief in Bitcoin remains unchanged, but this sale was a tactical decision to release shareholder value based on the market environment. He added that this transaction strengthens the company's financial foundation, alleviates some debt constraints, and creates space for Sequans to maintain Bitcoin as a long-term strategic reserve asset while promoting further strategic development. Currently, Sequans is the 33rd largest corporate holder of Bitcoin globally, down four places from its ranking in July when it made its purchases.
Bitcoin treasury company Hyperscale Data raised $125 million through ATM program
On November 5, the U.S. listed BTC treasury company Hyperscale Data Inc completed the sale of 255,490,454 shares of Class A common stock, raising $125 million through its ATM (At-The-Market Program) financing. It is reported that the completion of this stock issuance plan provides Hyperscale Data with funds to continue expanding its infrastructure service capabilities in the intersection of cryptocurrency and artificial intelligence.
Representative Companies of ETH Treasury Listed Companies
Canadian listed company Republic disclosed it has raised $100 million intended for purchasing ETH
On November 10, Canadian listed company Republic Technologies announced it has raised $100 million through the issuance of zero-interest convertible notes, with the new funds intended for purchasing ETH and expanding its staking business.
BitMine increased its holdings by 110,288 ETH last week, bringing total holdings to 3,505,723 ETH
On November 10, Ethereum treasury company BitMine announced it increased its holdings by 110,288 ETH last week, bringing its total Ethereum holdings to 3,505,723 ETH. Additionally, the company disclosed it currently holds 192 Bitcoins and shares in Eightco Holdings valued at $61 million.
Bit Digital: ETH holdings increased to 153,547, valued at approximately $590 million
On November 7, Ethereum treasury company Bit Digital disclosed that as of October 31, 2025, it held 153,547 ETH, with a market value of approximately $590 million, of which 132,480 ETH is staked, accounting for 86.3% of total holdings. The staking operations generated approximately 249 ETH in rewards during the month.
Representative Companies of SOL Treasury Listed Companies
Solana Company launched a $100 million stock buyback plan
On November 5, Nasdaq-listed SOL treasury company Solana Company announced that its board of directors has approved a stock buyback plan to repurchase $100 million of the company's circulating common stock to further support the company's acquisition and holding of SOL.
Solana treasury company Solmate Infrastructure launched SOL validation nodes in the UAE
On November 6, Nasdaq-listed Solana treasury company Solmate Infrastructure announced the launch of SOL validation nodes in the UAE, allowing local users to stake SOL tokens and directly receive rewards from Solmate's validation nodes.
Solana treasury company Forward reported cumulative losses of $382 million, mNAV has fallen below 1
On November 5, according to DefiLlama data, Nasdaq-listed Solana treasury company Forward Industries (stock code: FORD) currently holds approximately 6.82 million SOL, with an average purchase price of about $232. At the current price, the total value is approximately $1.2 billion, resulting in an unrealized loss of about 24.13%, totaling approximately $382 million in losses. According to Yahoo Finance data, the company's stock price has fallen from a peak of $39.6 to the current $10.44, a decline of about 73.6%. Although Forward still holds SOL assets worth $1.2 billion, the company's current total market value has dropped to about $900 million, and its mNAV (market value to net asset ratio) has fallen below 1, indicating that the market valuation is significantly lower than its book asset value. Previously, on November 4, the Forward Industries board approved a $1 billion stock buyback plan.
Representative Companies of Altcoin Treasury Listed Companies
Streamex completes $25 million initial convertible bond financing to advance tokenized gold plan
On November 5, Nasdaq-listed company Streamex announced that it has completed $25 million in initial convertible bond financing, with Cantor, Clear Street, and Needham & Company, LLC serving as placement agents. The company will use these funds to purchase physical gold, thereby strengthening Streamex's efforts to advance its gold tokenization plan and maintain a gold-backed balance sheet strategy.
CryptoQuant: Several cryptocurrency treasury companies face unrealized loss pressure
On November 7, crypto research firm CryptoQuant published that Bitcoin is under pressure, and treasury companies holding Bitcoin assets are similarly affected. Not only treasury companies holding Bitcoin are impacted, but those holding altcoin treasuries are also not exempt. For example, Evernorth has incurred an unrealized loss of $78 million on its XRP position, which it entered just 2.5 weeks ago. Additionally, Strategy's stock price has dropped by 53%, and the current trading price is near the lower limit of the MSTR price range defined by its Bitcoin holdings (around $221). Metaplanet holds 30.8 Bitcoins, with an average purchase price of $106,000; it has an unrealized loss of about $120 million, and its stock price has fallen approximately 80% from its historical peak. Since the market crash on October 11, Bitmine has added 442,000 Ethereum to its portfolio, but they still face about $2.1 billion in unrealized losses.
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