Editor’s note: In last week's "Coin Stock Barometer" article, we focused on related concept stocks such as quantum computing, and indeed many stocks rose as expected, especially Infleqtion and IBM; this week, crypto concept stocks experienced a widespread decline due to the news of Strategy selling BTC, and a strong rebound in the short term still seems challenging, coupled with the downward trend of the overall market, the winter for crypto concept stocks may continue. In addition, aside from Dell (DELL), Micron (MU) and other stocks mentioned and invested by Trump, it is worth paying close attention to Nvidia founder Jensen Huang's highlighted sector — today he made a high-profile endorsement for Marvell (MRVL), claiming it is expected to become the next trillion-dollar market cap company, with its stock price immediately rising in response. Furthermore, statistics show that other stocks mentioned by Huang have all seen gains exceeding 100% this year, among which, INTC in the Nvidia portfolio is up 177.63%, CRWV is up 57.36%, COHR is up 86.74%, NOK is up 149.62%, LITE is up 134.39%, and MRVL is up 145.47%. As the IPO date for SpaceX approaches, the Matthew effect in the U.S. stock market is expected to intensify.
More information on the coin stock market can be found atMSX.COM. (Odaily Planet Daily Note: This content does not constitute investment advice and is for learning and exchange purposes only)
The DAT treasury model is coming to an end, Binance opens U.S. stock trading access
Perspective: There are many "promotion companies" in the Bitcoin treasury enterprise sector
The market for Bitcoin treasury companies is increasingly differentiated, with one side comprising companies with real financial strategies, and the other more reliant on promotional hype.
Sean Bill, co-founder of BSTR (founded alongside Adam Back), stated: "Many companies do not have the right capital structure and lack the ability to actually deploy Bitcoin. They primarily rely on Bitcoin's own performance to attract investment." Sean Bill describes such companies as "carnival barkers" and points out that if companies can easily obtain leverage at low cost, this strategy may work; otherwise, companies must find other ways to create value, or investors will opt for simpler products like ETFs.
According to BitcoinTreasuries data, there are currently 198 publicly traded companies holding approximately 1.25 million Bitcoins, with Michael Saylor's Strategy holding the largest amount at 843,738 Bitcoins. Meanwhile, the stock price of the Bitcoin treasury company Nakamoto (NAKA) has fallen about 67% this year, with a cumulative decline of over 99% since its peak of $34 per share in May 2025, after dropping to a low of $0.16 in April, it underwent a reverse stock split last week. Nasdaq warned the company in December 2025 that it might face delisting risk as its stock price had been below $1 for 30 consecutive days (according to SEC filings).
Binance opens U.S. stock trading access, over 7,000 stocks and ETF assets online
Yesterday, Binance officially opened access to U.S. stock trading, announcing that it will provide trading for over 7,000 U.S. stocks and ETFs to non-U.S. users, and plans to launch a product called bStocks that allows users to initiate tokenized stocks in the coming weeks. For more interpretations of events and updates on Binance, see"Binance Strikes Big: 5*24H Trading of 7,000 U.S. Stocks & ETFs, Can Stocks Also Be On-Chain?", "Binance's 'Super App Journey': From Crypto to U.S. Stocks, Marching Towards Global 3 Billion Users", and other articles.
Weekly update on listed companies in the coin stock market
Representative companies in Bitcoin treasury listed companies
Strategy Rarely Sells 32 Bitcoins, DayDayCook Solely Supports This Week's Buying
According to SoSoValue data, as of 8 AM Eastern Time on June 1, 2026, the total net purchases of Bitcoin by global listed companies (excluding mining companies) amounted to $9.85 million last week, a decrease of 43.33% compared to the previous week.
Strategy (formerly MicroStrategy) sold 32 Bitcoins at a price of $77,135 last week, generating proceeds of approximately $2.5 million. Its total holdings decreased to 843,706 Bitcoins.
The Japanese listed company Metaplanet did not purchase any Bitcoins last week.
In addition, 4 other companies purchased Bitcoins last week. The Ethereum asset company Bitmine announced on May 26 that it bought 1 Bitcoin but did not disclose the specific purchase amount, bringing its total holdings to 203 Bitcoins; the Japanese food brand DayDayCook announced on May 27 that it spent about $10.37 million to buy 131 Bitcoins at a price of $79,135, increasing its total holdings to 2,714 Bitcoins; the British Bitcoin company The Smarter Web Company announced on May 26 that it invested $750,000 to buy 10 Bitcoins at a price of $74,904 and on May 29 invested another $660,000 to buy 9 Bitcoins at a price of $73,437, bringing its total holdings to 2,878 Bitcoins; the French Bitcoin company Capital B announced on June 1 that it invested $300,000 to buy 4 Bitcoins at a price of $74,890.10, raising its total holdings to 3,139 Bitcoins.
As of the publication of this article, the total number of Bitcoins held by the global listed companies (excluding mining companies) in the statistics is 1,114,182, an increase of 0.01% from last week, with a current market value of approximately $8.046 billion, accounting for 5.6% of Bitcoin's circulating market value.
Nakamoto Holds Over 5,000 BTC, David Bailey Spends Nearly $1 Million to Acquire 191,440 Shares
Nasdaq-listed Bitcoin treasury company Nakamoto announced that its chairman and CEO David Bailey has spent nearly $1 million to acquire 191,448 shares of the company's common stock on the open market between May 26 and May 28. Nakamoto disclosed that it holds over 5,000 BTC on its balance sheet. Currently, David Bailey collectively holds about 18.25% of the company's outstanding common stock.
On May 28, French semiconductor company Sequans Communications announced that it has completed the redemption of all debts related to its Bitcoin treasury, marking its official exit from the previous crypto asset treasury strategy and refocusing on IoT and cellular semiconductor business. The company stated that this debt repayment was mainly completed by selling approximately 80% of its Bitcoin holdings. Currently, Sequans holds only 658 BTC and is "completely debt-free." The company said it will gradually "monetize" the remaining Bitcoins but did not specify whether it will continue to sell or use on-chain methods such as collateralization.
Sequans CEO Georges Karam stated that this debt cleanup "marks an important turning point," as the company has strengthened its balance sheet, simplified its capital structure, and will fully focus on 4G/5G IoT chip business, including smart metering, asset tracking, vehicle networking, and industrial IoT applications.
Cango Releases Q1 2026 Financial Report, Total Revenue Reaches $102 Million
According to official news, Cango has released its unaudited financial performance for Q1 2026. During the reporting period, the company achieved total revenue of $102 million, with its Bitcoin mining business contributing $98.4 million, mining a total of 1,266 Bitcoins in this quarter. Due to non-cash accounting treatment affected by the fall in the Bitcoin market price, the net loss was $261.1 million. In addition, the company's long-term debt dropped from $557.6 million at the end of 2025 to $30.6 million, a decrease of 94.5%. As of the end of the quarter, the company held 1,026 Bitcoins as a digital asset reserve.
At the same time, the company launched a new business platform EcoHash, officially expanding into the AI computing power field and reaching a strategic cooperation with Hong Kong-listed company DL Group.
Representative companies in ETH treasury listed companies
The Ethereum treasury company Bitmine Immersion Technologies disclosed that it increased its holdings by 26,497 ETH last week, and its current crypto asset holdings include 5,416,901 ETH, 203 BTC, equity in Eightco Holdings valued at $93 million, and shares in Beast Industries valued at $180 million. Additionally, the total amount of staked ETH is 4,718,677 ETH (calculated at $2,003 per ETH, totaling $9.5 billion).
SharpLink Will Be Included in the Russell Index After Market Opening on June 29
The Ethereum reserve company SharpLink will be included in the Russell 2000 and Russell 3000 indexes after the FTSE Russell annual rebalancing, expected to take effect at the market open on June 29.
SharpLink currently holds 868,699 ETH, valued at nearly $1.8 billion, making it the second largest publicly traded Ethereum reserve company after Bitmine. The company stated that joining the index will enhance its institutional visibility and help attract funds that track the index.
FTSE Russell data shows that approximately $12.2 trillion in assets are benchmarked against the Russell U.S. Index. This adjustment is also seen as the entry of non-Bitcoin crypto reserve companies into major Russell index systems for the first time, meaning that index investors will indirectly gain exposure to ETH and SOL.
ETH Treasury Company FG Nexus Deposits 5,000 ETH with Galaxy Digital, Valued at $10.99 Million
On May 29, the ETH treasury company FG Nexus deposited 5,000 ETH with Galaxy Digital, valued at $10.99 million. It still holds 16,354 ETH, valued at $34.15 million.
Representative companies in SOL treasury listed companies
Forward Industries Will Be Included in the Russell Index
The Solana reserve company Forward Industries will be included in the Russell 2000 and Russell 3000 indexes after the FTSE Russell annual rebalancing, expected to take effect at the market open on June 29.
Forward Industries is currently the largest publicly traded Solana reserve company, holding approximately $585 million in SOL. The company believes that being included in the index will help promote its long-term strategy of "growing each SOL holding per share."
FTSE Russell data shows that approximately $12.2 trillion in assets are benchmarked against the Russell U.S. Index. This adjustment is also seen as the entry of non-Bitcoin crypto reserve companies into major Russell index systems for the first time, meaning that index investors will indirectly gain exposure to ETH and SOL.
Solana Treasury Company Sharps Technology Rebrands to SkyAI, Plans AI Agent Financial Platform
Nasdaq-listed Solana treasury company Sharps Technology has officially announced its rebranding to SkyAI, with the stock code changing from STSS to SKYA on May 28. The company aims to create an AI agent financial platform based on the Solana blockchain, providing diverse services such as dollar savings, financial education, and asset management to emerging market users.
Representative companies in altcoin treasury listed companies
Data: The HYPE treasury company HypeStrat's unrealized gains exceed $1 billion
On May 30, with HYPE reaching a new historical high, the HYPE treasury company HypeStrat's unrealized gains have exceeded $1 billion, the highest among all crypto treasury companies (DAT).
Nasdaq-listed Bitcoin treasury company Genius Group announced that its board has approved the expansion of the company's treasury strategy, adding an AI treasury to the existing Bitcoin treasury and launching the AGI Infinity Portfolio, with an initial target investment size of $100 million, aiming to expand to $800 million over five years. The first phase will allocate about $20 million through relevant funds to the equity of unlisted AI companies such as OpenAI, SpaceX, Anthropic, Figure AI, Databricks, Anduril, Replit, and Shield AI. The remaining $80 million is planned to be allocated to industries such as power, computing power, large-scale cloud, cutting-edge models, and robotics.
BNB Plus to Raise $4.1 Million Through Issuance of Convertible Preferred Shares
Nasdaq-listed digital asset treasury company BNB Plus announced it will raise $4.1 million through the issuance of B-1 series and B-2 series convertible preferred shares, with participation from crypto-native institutional investors such as Silvermine Capital Advisors' Comstock Multichain Fund and Off the Chain LP. The raised funds will be used to increase digital asset reserves, provide operating capital support, and explore opportunities for AI infrastructure development. The company also disclosed that it currently holds over $16.4 million in cash and digital assets.
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