Editor's Note: The cryptocurrency market is experiencing fluctuations, and the U.S. stock market is similarly affected by the Federal Reserve's interest rate cuts and Trump's nomination of a new Federal Reserve chair. Recently, Trump lifted the export ban on Nvidia's H200 chips, which may signal a new wave of speculative investment in U.S. stocks, with AI concept stocks continuing to show a positive trend. In contrast, the stock prices of cryptocurrency mining companies have turned downward; aside from the previously strong performers Cleanspark and Riot, the Trump family-owned mining company American Bitcoin (ABTC) has recently suffered significant losses, with a decline of over 58% in the past month and over 25% in the last five days, currently priced at $2.02. Additionally, the mining data released for November may be another factor contributing to the drop in stock prices.
Below is a summary of last week's cryptocurrency and stock market information compiled by Odaily Planet Daily, all U.S. stock data is sourced from msx.com.
Cryptocurrency Concept Stock Commentary
Robinhood Plans to Launch L2 Network, Further Blurring the Lines Between Crypto Assets and Traditional Financial Assets
Recently, Robinhood announced a series of cryptocurrency features and services, including staking services for ETH and SOL (initially launched in New York, with plans to expand nationwide upon regulatory approval). The new services also include a tiered fee structure for high-net-worth U.S. traders, enhanced cryptocurrency trading APIs, and cost basis tracking features to simplify tax reporting.
In the European market, Robinhood has added perpetual futures contracts for tokens such as XRP, Dogecoin, and SUI, offering up to 7x leverage, having previously launched perpetual futures for BTC and ETH. Additionally, European users will be able to trade over 1,000 tokenized U.S. stocks and money market funds. The company also announced its Layer-2 scaling network project, officially named Robinhood Chain.
At a time when cryptocurrency concept stocks are facing setbacks, this move indicates that Robinhood, as a major player in the traditional financial market, will delve deeper into the cryptocurrency space, warranting long-term attention.
Whether the Federal Reserve Will Cut Rates Will Be the Biggest Driver of U.S. Stock Market Fluctuations, with Mixed Institutional Views
As the Federal Reserve's interest rate cut meeting approaches, mainstream institutions in the market have differing views on its impact.
J.P. Morgan strategists stated, as investors take profits, the recent stock market rally may stall after the anticipated rate cut by the Federal Reserve. In recent weeks, positive signals from policymakers have fueled bets, helping the stock market rise. A team led by Mislav Matejka wrote: "Investors may be more inclined to lock in profits before the end of the year rather than increase directional exposure. Rate cut expectations are fully reflected in prices, and the stock market has returned to highs." J.P. Morgan strategists maintain a bullish outlook for the medium term, believing that a dovish Federal Reserve will support the stock market.
CICC reported, under baseline conditions, if Hassett becomes the new Federal Reserve chair, it could lead to a temporary decline in U.S. Treasury rates and the dollar, overall benefiting U.S. stocks. Furthermore, the first quarter of next year will be a critical period for market expectations following the new chair's nomination; if Hassett's statements are overly dovish at that time, there is a possibility of U.S. Treasury rates and the dollar temporarily falling below expectations, but as long as it does not significantly cross into "concerns about loss of independence," expectations may be fulfilled alongside the recovery of the U.S. economy, leading to a potential upward shift in Treasury rates and the dollar.
Cryptocurrency analyst Banmu Xia leans towards a "broad market rally", suggesting that if the Federal Reserve implements a rate cut and resumes balance sheet expansion this week, the tense liquidity will return to normal, and a general rise in U.S. stocks, cryptocurrency assets, and precious metals markets is expected this week and throughout December.
Weekly Updates on Cryptocurrency and Stock Market Listed Companies
Representative Companies Holding BTC
According to SoSoValue data, as of December 8, 2025, Eastern Time, the total net purchase of Bitcoin by global listed companies (excluding mining companies) for the week was $969.89 million.
Strategy (formerly MicroStrategy) announced on December 8 that it invested $962.70 million to acquire 10,624 bitcoins at a price of $90,615 each, bringing its total holdings to 660,624 bitcoins.
The Japanese listed company Metaplanet did not purchase any bitcoins last week.
Additionally, two other companies purchased bitcoins last week. Hong Kong genetic testing and health technology company Prenetics invested $630,000 to buy 7 bitcoins, bringing its total holdings to 515.0341 bitcoins; Japanese fashion brand ANAP invested $5.56 million on December 3 to acquire 54.5126 bitcoins at a price of $101,913.4 each, bringing its total holdings to 1,200.2078 bitcoins.
As of the time of publication, the total amount of Bitcoin held by the listed companies (excluding mining companies) is 904,570 bitcoins, with a current market value of approximately $8.294 billion, accounting for 4.53% of Bitcoin's circulating market value.
Strategy purchased another 10,624 bitcoins between December 1 and December 7
Strategy (formerly MicroStrategy) purchased another 10,624 bitcoins between December 1 and December 7, spending approximately $962.7 million, with an average purchase price of $90,615 per bitcoin. Strategy co-founder and executive chairman Michael Saylor stated that as of now, Strategy holds a total of 660,624 bitcoins, with a total cost of approximately $49.4 billion, and an average purchase price of $74,696 per bitcoin.
The funds for this purchase came from the sale of the company's Class A common stock (MSTR) and STRD perpetual preferred stock. Additionally, Strategy previously announced that it has established a $1.44 billion cash reserve.
MetaPlanet CEO Announces Plans to Launch STRC-like Product to Acquire More BTC
Reports indicate that MetaPlanet (MTPLF) CEO announced plans to launch its version of the Strategy (STRC) product (MARS), aimed at acquiring more BTC. Credit backed by BTC is thriving.
Cango Holds 7,033 BTC, Ranking 16th Among Listed Companies Holding BTC
On December 6, according to BitcoinTreasuries.NET monitoring, Cango Inc (CANG) holds 7,033 BTC, ranking 16th among listed companies holding BTC. Its market value is $208.45 million.
Representative Companies Holding ETH
BitMine Immersion Technologies, Inc. announced on December 8, 2025, that the company's total holdings of cryptocurrency assets, cash, and "potential investments" (moonshots) amount to $13.2 billion. As of December 7 at 4:00 PM ET, the company's cryptocurrency holdings include 3,864,951 ETH (valued at $3,139 each), 193 BTC, and $36 million in Eightco Holdings (NASDAQ: ORBS) shares, along with $1 billion in cash. The company's ETH holdings currently exceed 3.2% of the total supply of ETH tokens, with a goal of accumulating 5%. Company chairman Thomas "Tom" Lee stated that BitMine acquired 138,452 ETH tokens last week, an increase of 156% compared to the previous four weeks' weekly acquisition rate of 54,156 ETH.
Bit Digital Holds 154,398.7 ETH as of the End of November
On December 5, Nasdaq-listed Bit Digital announced its treasury and staking performance data for November, indicating that as of November 30, the company's ETH holdings amounted to 154,398.7 ETH, with a market value of approximately $46.19 million based on a price of $2,991.90. Additionally, the company purchased 506.25 ETH in November at an average purchase price of $3,045.11, and as of the end of November, it had staked 137,621 ETH, accounting for approximately 89.1% of its total holdings.
Representative Companies Holding SOL
SOL Treasury Company Forward is Testing Its Own Prop AMM, Supported by Jump and Galaxy
On December 3, Kyle Samani, chairman of the board of Forward Industries, the company with the largest SOL holdings, and co-founder of Multicoin, stated in a post: "The most underrated news from yesterday's Forward Industries investor conference call may be that we are building our own Prop AMM. The product is currently in testing, supported by technology from Jump and Galaxy."
U.S. Listed Company Upexi Announces Completion of $10 Million Private Placement
On December 3, Nasdaq-listed Upexi (UPXI) announced that it has completed a private placement, issuing a total of 3,289,474 shares of common stock and warrants, which can be exercised to purchase up to 3,289,474 shares of common stock at a total purchase price of $3.04 per share.
The total amount raised from this placement is approximately $10 million, and if the warrants are fully exercised for cash, it is expected to raise an additional $13 million. The company plans to use the net proceeds from this placement for working capital, general corporate purposes, and its internal management's SOL maximum return strategy.
Representative Companies Holding Altcoin Treasuries
Nasdaq-listed IP Strategy disclosed that its IP token holdings have reached 53.2 million, an increase of approximately 700,000 from last month, with a current holding value of about $127 million based on the current price of $2.4. Additionally, the company announced plans to explore a custodial long-term validator staking model, intending to stake 10.7 million IP tokens (approximately 20% of its treasury holdings).
Shareholders of Nasdaq-listed Sonnet BioTherapeutics Inc. have approved the proposed merger with Hyperliquid Strategies Inc (HSI) to form a digital asset financial company (DAT) named Hyperliquid Strategies. This merger will focus on the HYPE token and plans to raise up to $1 billion through a public offering.
Hyperliquid Strategies submitted an S-1 filing to the U.S. Securities and Exchange Commission (SEC) in October, planning to raise up to $1 billion through a public offering. Back in July, Sonnet BioTherapeutics announced it had agreed to merge with Rorschach I LLC (associated with Hyperliquid supporter Paradigm) to establish a publicly traded HYPE DAT.
At that time, the DAT was expected to hold 12.6 million HYPE tokens and $305 million in cash, with a total valuation of approximately $888 million. Hyperliquid is a popular decentralized perpetual futures exchange, which has seen total trading volume exceed $1.5 trillion since its launch in 2023.
Other strategic investors participating in the Sonnet BioTherapeutics merger include Galaxy Digital, Pantera Capital, D1 Capital, Republic Digital, and 683 Capital. The price of the HYPE token was approximately $47 when the merger was first announced, and it is currently trading at around $33.
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