Editor's Note: Last weekend, the conflict between Israel and Palestine suddenly escalated into a localized hot war, with the global economic situation changing rapidly, and the cryptocurrency market also felt the impact. After experiencing drastic fluctuations following the outbreak of war, U.S. stocks rose against the trend, and many cryptocurrency-related stocks surged, particularly Circle (CRCL), whose earnings report exceeded expectations, Strategy (MSTR), a leading BTC treasury stock, and Figure (FIGR), a top publicly traded company in the RWA (Real World Assets) sector. Additionally, thanks to a series of developments in the AI field and the emergence of new concepts and products like OpenClaw, crypto mining companies transforming into AI computing or HPC (High-Performance Computing) data centers have seen their prices stabilize, warranting long-term attention.
The following is a summary of last week's cryptocurrency stock market information compiled by Odaily Planet Daily, all U.S. stock data comes frommsx.com.
Cryptocurrency Stock Sharp Review: Selling Coins for Survival VS M&A Frenzy?
BTCS Executive: Cryptocurrency Treasury Companies May Experience a Consolidation Wave in 2026
BTCS Chief Strategy Officer Wojciech Kaszycki stated that in the context of a prolonged market slump, there may be a trend of consolidation among cryptocurrency treasury companies in 2026. He pointed out that some companies currently have stock prices below the net asset value (NAV) of their held crypto assets, trading at a discount.
Kaszycki believes that companies with actual operational businesses (such as blockchain validator services or public and private credit products) have cash flow and are more capable of acquiring enterprises that only hold crypto assets but lack operational income. Additionally, he mentioned that the tokenization of real-world assets (RWA), especially the on-chain transformation of public and private credit assets, may see significant growth within the next 24 months and could become a potential revenue source for treasury companies. He also noted that Strategy, the world's largest bitcoin treasury company, provides investors with credit-like and fixed-income products and considers this one of the key arguments for inclusion in the MSCI index system.
Selling Coins for Survival: The Unfortunate Choice of BTC and ETH Treasury Companies
Previously, the ETH treasury company ETHZilla had to sell coins for survival and has recentlyrebranded to Forum Markets and transformed into an RWA digital asset platform, causing its stock price to surge by 17% at one point due to this news.
Recently, the ETH treasury company FG Nexus sold over 7,500 ETH again. Not only that, some BTC treasury companies are not as financially strong as companies like Strategy and Metaplanet, and thus have to take measures to cope with the continuously declining cryptocurrency market. For example, the board of the U.S. publicly traded company GD Culture has authorized the sale, exchange, or disposal of its current holding of 7,500 bitcoin reserves to finance a previously announced share buyback plan on February 18, 2026.
However, some listed companies are still holding on, such asbitcoin treasury company EmperyDigital, which, after receiving a proposal from shareholders to sell coins, still maintains its decision not to liquidate all bitcoin assets immediately.
For treasury companies in the cryptocurrency bear market, choosing the right time to sell is undoubtedly a dilemma.
Weekly Updates on Cryptocurrency Stock Companies
Representative BTC Treasury Companies
According to SoSoValue data, as of 8:30 AM Eastern Time on March 2, 2026, last week, global listed companies (excluding mining companies) had a total net purchase of bitcoin for the week amounting to $20.879 million, a 348% increase compared to the previous week.
On March 2, Strategy (formerly MicroStrategy) announced it invested $20.41 million (an increase of 412.8% compared to last week) to acquire 3,015 bitcoins at a price of $67,700, bringing its total holdings to 720,737 bitcoins.
The Japanese listed company Metaplanet did not purchase bitcoin last week, marking seven consecutive weeks without purchases.
Additionally, two other companies purchased bitcoin last week. The Japanese food brand DayDayCook announced on February 25 that it invested $4.22 million to buy 50 bitcoins at a price of $84,468, raising its total holdings to 2,118 bitcoins; Brazilian bitcoin company OrangeBTC announced on March 2 that it invested $470,000 to buy 0.7 bitcoins at a price of $67,438.14, increasing its total holdings to 3,723 bitcoins.
As of the time of publication, the total amount of bitcoin held by the global listed companies (excluding mining companies) is 981,150 bitcoins, an increase of 0.31% compared to the previous week, with a current market value of approximately $6.426 billion, accounting for 4.9% of bitcoin's circulating market value.
The Nasdaq-listed bitcoin mining company American Bitcoin, supported by the Trump family, released its 2025 financial report, disclosing that the company's bitcoin reserves have exceeded 6,000 coins. 2025 is its first independent listing year, and operations and capital execution have aligned with established strategies. The company adopted a dual-track model of "scaled mining + ATM fundraising" to accelerate strategic reserve accumulation, with annual revenue reaching $185.2 million and a deployed computing power of approximately 25 EH/s, along with about 78,000 ASIC mining machines.
The board of GD Culture, a U.S. publicly traded company, approves the sale of 7,500 bitcoins
The Nasdaq-listed company GD Culture announced that its board has authorized the sale, exchange, or disposal of its currently held 7,500 bitcoins, aiming to fund the previously announced share buyback plan on February 18, 2026. It is reported that these bitcoin sales will be conducted in multiple tranches, executed flexibly by the management based on the best interests of the company and its shareholders. The proceeds from the bitcoin sales will be used to repurchase the company's common stock and cover related expenses, including brokerage commissions, handling fees, and taxes.
Bitcoin treasury company EmperyDigital: Will not immediately liquidate all bitcoin assets
In response to a major shareholder's proposal to sell all bitcoins and return cash to shareholders, Nasdaq-listed bitcoin treasury company EmperyDigital released a statement saying that the board and management have evaluated the proposal, believing that liquidating all bitcoin assets is not in the best interests of all shareholders, and therefore will not proceed with that plan at this stage.
The statement also mentioned that although the company's stock price is below net asset value, a stock buyback plan has been implemented. Regarding allegations from shareholder Tice P. Brown, the company stated that his remarks are untrue and that ATG Capital has not communicated with the company's board or executives.
Representative ETH Treasury Companies
Bitmine bought 50,928 ETH worth $98.53 million last week
According to Onchain Lens monitoring, Bitmine (@BitMNR) bought 50,928 ETH worth $98.53 million last week. Currently, Bitmine holds a total of 4,473,587 ETH valued at $8.66 billion, among which 3,040,483 ETH worth $5.88 billion is staked.
The Nasdaq-listed Ethereum treasury company ETHZilla announced its official rebranding to Forum Markets and its transformation into a digital asset platform, with its stock code to be adjusted to "FRMM" pending Nasdaq approval. However, the CUSIP number will remain unchanged, and shareholders do not need to take any action regarding this change. After the transformation, the company will strategically upgrade to build a digital asset platform aimed at institutional-grade tokenization of real-world assets (RWA) and explore launching tokenized investment products across multiple asset classes.
Intchains Group disclosed ETH holdings of 9,070 coins, with 2,600 ETH staked to date
The Nasdaq-listed company Intchains Group released an update on its ETH holdings, disclosing that as of February 23, its treasury ETH holdings reached 9,070 coins, with a total investment amount of $23.7 million, an average purchase price of $2,611.1. To date, it has staked 2,600 ETH, with 1,000 ETH staked on the FalconX platform and 1,600 ETH staked on the Goldshell staking platform it acquired last year for $1.3 million.
According to Lookonchain monitoring, Ethereum treasury company FG Nexus sold another 7,550 ETH worth approximately $14.06 million.
Data shows that FG Nexus had previously purchased 50,770 ETH at an average price of approximately $3,860 between August and September 2025, with a total cost of about $196 million; and announced on October 22, 2025, its intention to sell real estate to continue increasing its ETH holdings. But less than a month later, it began to reduce its ETH holdings, cumulatively selling 21,025 ETH at an average price of approximately $2,649, cashing out about $55.7 million.
Currently, FG Nexus still holds 30,094 ETH valued at about $5.75 million, with a cumulative unrealized loss of about $82.8 million.
Representative SOL Treasury Companies
The Nasdaq-listed Solana treasury company DeFi Development announced a strategic investment in the stablecoin protocol Apyx, with the specific investment amount not yet disclosed, aiming to establish an early layout in the emerging Dividend-backed Stablecoin (DBS) category. The Apyx model can convert dividend flows into on-chain yields, providing scarce yield opportunities in the over $300 billion stablecoin market while aligning with the trend of digital asset treasury companies accumulating digital assets.
Representative Altcoin Treasury Companies
Tron Inc disclosed an increase of 176,081 TRX tokens, with total holdings exceeding 684 million
On March 1, Nasdaq-listed TRX treasury company Tron Inc. disclosed that it again purchased 176,081 TRX tokens at an average price of $0.28, bringing its total TRX treasury holdings to over 684 million.
The Nasdaq-listed SUI treasury company Sui Group Holdings released its full-year operational performance report for 2025, revealing a net loss of $221.8 million for Q4 last year. As of February 23, its SUI token holdings had increased to 108,368,594 coins, almost all of which are used for staking, with an average daily yield of about 5,000 SUI. The company also disclosed that it has completed the repurchase of 7,801,042 shares of common stock under the previously approved $50 million stock buyback plan, accounting for 8.80% of the issued common stock.
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