Editor's Note: In last week's "Coin Stock Indicator" article, we mentioned that "the focus of the stock market remains on fields related to the AI industry chain such as light, storage, and materials," with relevant individual stocks and ETF leveraged funds rising along with the trend. Additionally, the previously mentioned "Trump Quantum Computing Concept" sector has once again attracted significant attention and long-term plans from the U.S. government, with IBM experiencing another surge.
However, as the well-known research institution Citrini predicted, the U.S. stock market may face a significant corrective washout, as the stock indexes of Japan and South Korea also fell in tandem today: the South Korean index KOSPI closed down nearly 10%, and the Nikkei 225 index closed down 3.55%. On another note, the "storage craze" driven by the AI boom is also facing a test. The total market value of SK Hynix and Samsung Electronics individual stock leveraged ETFs has grown to around 10 trillion Korean won, and regulators are considering related measures to control risks as retail investors chase high prices.
After hitting a new high, SpaceX's stock price dropped more than 16% in a single day, now falling below the $150 opening price. It may continue to face pressure until Musk presents more developments, but considering the subsequent index inclusion and limited unlocks, there is still potential for upward movement.
As for the crypto concept stock sector, companies like Strategy, Bitmine, and Sharplink are still continuing to raise funds and increase their holdings, but it may be challenging to rise against the market before Q4. The next steps in U.S.-Iran negotiations and the Federal Reserve's follow-up actions are also the focus of the market. Micron's earnings report on Wednesday may determine the duration of the market's corrective pullback in the short term. Recommended reading: "Micron's Earnings Report Hits on Wednesday, Reduce Position Risks and Wait for Low Price Opportunities in the Storage Sector".
In summary, major markets such as the U.S. stock market, Korean and Japanese stock markets, Taiwanese stock market, Hong Kong stock market, and A-shares remain highly dependent on the emotional speculation driven by the AI boom. Until OpenAI and Anthropic launch their IPOs, high volatility with continued upward movement and speculative emotions and news is expected to persist.
For more information on the coin stock market, please refer toMSX.COM. (Odaily Planet Daily note: The content of this article does not constitute investment advice and is for learning and exchange purposes only)
U.S. and European stock index futures report losses; Korean and Japanese stock markets adjust
U.S. stock futures plunge, large tech stocks lead the decline again
Due to a sell-off in large tech stocks that transmitted to Asian AI-related stocks, U.S. stock futures fell on Tuesday, while investors await further developments in the U.S.-Iran negotiations.
On Tuesday, Asian tech stock sub-sectors were severely hit, ending an eight-day rising streak, with the Korean and Japanese stock markets collectively adjusting, and Korean stocks plummeting nearly 10%. Currently, super-large tech stocks generally show a characteristic of synchronous fluctuations, with Alphabet performing weakly and SpaceX also declining due to the fade of the IPO craze, as market sentiment gradually spreads to other leading tech stocks, turning cautious again towards the tech sector. This change contrasts sharply with last year when nearly all companies related to artificial intelligence were seen as “gold mines,” with any mention of AI being favored by the market. But now, the market is gradually entering a verification period of "producing results," with investors demanding real returns from the large-scale investments in AI infrastructure.
This point is particularly evident in companies like SpaceX, which has negative cash flow yet still raised $75 billion from IPOs. This shift keeps market sentiment tense, and this week's market focus will turn to Micron Technology's earnings conference call. "Many investors hold AI-related stocks and have gained considerable profits; any fluctuations may prompt them to reduce their positions to lock in profits,"
said Jian Shi Cortesi, a fund manager at GAM Investment Management, "Currently, tech stocks are particularly sensitive to interest rate prospects and the Fed's potential rate hikes."
Morgan Stanley: Liquidity tightening is the main threat to the U.S. stock market
Mike Wilson, Chief Investment Officer and Chief U.S. Equity Strategist at Morgan Stanley, stated that liquidity, rather than interest rate hikes, is the primary risk facing the U.S. stock market recently. He pointed out that the scale of the reserve management plan has decreased by about 75% from its peak, and the size of Treasury repurchases has also been reduced by 50%. Wilson expects the performance of the U.S. stock market in July to remain volatile and possibly face a correction, with the next round of earnings-driven bull market upside likely delayed until liquidity resistance is removed.
Weekly Updates on Coin Stock Listed Companies
BTC treasury listed company representative enterprises
According to SoSoValue data, as of 8 AM Eastern Time on June 22, 2026, global listed companies (excluding mining companies) had a total net buy of $86.03 million in Bitcoin for the week, a decrease of 13.97% from last week.
Strategy (formerly MicroStrategy) spent about $34.9 million last week to purchase 520 Bitcoin at the price of $67,068, increasing its total holdings to 847,363 Bitcoin.
The Japanese listed company Metaplanet did not purchase any Bitcoin last week, marking nine consecutive weeks without purchases.
Additionally, four more companies bought Bitcoin last week. Japanese food brand DayDayCook announced on June 17 that it spent $7.43 million to buy 95 Bitcoin at an undisclosed price, bringing its total holdings to 2,899 units; Brazilian Bitcoin company OrangeBTC announced on June 21 that it invested $1.15 million to buy 18 Bitcoin at the price of $64,121, increasing its total holdings to 3,822 units; asset management company Strive announced that from June 15 to June 21, it spent $49.98 million to purchase 759 Bitcoin at the price of $65,850, raising its total holdings to 19,864 units.
As of the publication of this article, the total number of Bitcoin held by global listed companies (excluding mining companies) is 1,142,276 units, an increase of 1.87% from last week, with a current market value of approximately $74.17 billion, accounting for 5.7% of Bitcoin's circulating market value.
Mara Holdings increased its holdings by 1,000 BTC, bringing total holdings to 36,303 BTC
According to BitcoinTreasuries.NET monitoring, listed company Mara Holdings increased its holdings by 1,000 BTC last week, bringing total holdings to 36,303 BTC.
Capital B shareholders approve over $120 billion financing plan to expand Bitcoin reserves
Shareholders of the Bitcoin treasury company have approved a massive financing plan under which the company could raise up to $5.76 billion through new stock issuance and refinance up to $115.2 billion through credit instruments to further increase Bitcoin holdings. This plan indicates that Capital B will rely on both equity financing and debt instruments to expand its exposure to crypto assets, potentially increasing the correlation between its capital structure and BTC prices.
Based on current pricing, this financing scale could theoretically support the purchase of over 1.87 million BTC, indicating a potential continuation of its "Bitcoin treasury" asset allocation strategy in the future.
BitFuFu announces a share buyback plan of up to $5 million
NASDAQ-listed Bitcoin mining company BitFuFu (NASDAQ: FUFU) announced that its board has approved a share buyback plan of up to $5 million. According to the plan, the company may repurchase its Class A common stock within two years starting from June 24, 2026.
BitFuFu Chairman and CEO Leo Lu stated that this buyback plan reflects the company's firm confidence in creating long-term shareholder value, prudent capital allocation, and long-term strategic development. In the future, the company will continue to advance its global infrastructure layout and computing power expansion strategy, consistently scaling up its computing power.
ETH treasury listed company representative enterprises
BitMine: Purchased a total of 52,203 ETH in the past week, valued at $92 million
As of June 21, 2026, BitMine's total holdings of crypto assets, cash, transferable securities, and "Moonshots" investments reached $10.7 billion. Among them, its crypto asset holdings include 5,672,956 ETH and 205 Bitcoin.
Additionally, Bitmine currently has staked 4,718,677 ETH, representing 4.7% of the total ETH supply, making it the world's largest ETH corporate treasury. In the past week, BitMine purchased 52,203 ETH, valued at $92 million.
Sharplink completes a $75 million targeted issuance to expand ETH reserves and buy back stock
Sharplink announced that it has signed a securities purchase agreement to sell 10,013,400 shares of common stock and corresponding stock warrants, raising a total of approximately $7.5 million. The funds will be used for working capital, accumulating ETH assets, and repurchasing shares according to the stock buyback plan. As of June 16, Sharplink holds a total of 875,776 ETH.
SOL treasury listed company representative enterprises
Public company Solana treasury holdings top five exceed 15.7 million SOL
Several listed companies have included Solana in their balance sheets beyond Bitcoin and Ethereum. According to currently disclosed holdings, the top five Solana treasury companies have a combined holding of over 15.7 million SOL.
Forward Industries holds 7,044,079 SOL, ranking first; Upexi holds 2,361,931 SOL, ranking second; DeFi Development Corp. holds 2,294,576 SOL, ranking third. Solana Company holds 2,071,127 SOL, and SkyAI discloses that it holds approximately 2,000,000 SOL on its balance sheet, ranking fourth and fifth respectively.
Forward Industries has staked all its SOL in its treasury and has previously disclosed earning approximately $4.6 million in staking income for the fourth quarter. DeFi Development Corp. established a $5 billion equity credit line in June 2026 for strategic purchases of Solana; Solana Company was renamed from medical device company Helius Technologies; SkyAI was renamed from Sharps Technology.
Solana treasury company Solmate's largest external shareholder sues the board
Solana digital asset treasury company Solmate Infrastructure (SLMT) has been sued by its largest external shareholder RBCH in the New York State Supreme Court, accusing its current executives and directors of breaching fiduciary duties, making misleading statements, and self-dealing.
RBCH is associated with RockawayX founder and CEO Viktor Fischer, and currently holds about 22.74% of the shares of Solmate's parent company Brera Holdings. This institution led a $300 million PIPE financing for Solmate in September 2025 and committed to invest $50 million.
The lawsuit claims that the Solmate board has engaged in multiple actions harmful to shareholder interests, including selling shares while other investors are still under lock-up periods, signing consultancy agreements biased toward the board-related parties, and directors Ron Sade and Keren Maimon personally purchasing approximately 2.298 million Class B shares at $4.97 each, resulting in around 20% dilution for shareholders. The plaintiffs claim that these transactions are potentially illegal.
Fischer stated that Solmate is performing poorly and is currently trading at about a 50% discount to net asset value, with issues arising from mismanagement and self-dealing by the board. Solmate currently holds approximately 2 million SOL on its balance sheet, which has dropped about 78% year-to-date, making it one of the worst-performing SOL DAT. In contrast, SOL has dropped about 50% in the same period.
Altcoin treasury listed company representative enterprises
Canton Strategic launches a $50 million stock repurchase plan
NASDAQ-listed Canton Coin treasury company Canton Strategic announced its board has approved a $50 million stock repurchase plan, reportedly to be executed in accordance with U.S. securities law through the open market or other compliant means. However, the timing, scale, and execution method of the repurchase will be adjusted or terminated based on market conditions, stock price performance, trading volume, and regulatory environment, with no commitment to a minimum or fixed repurchase quantity.
Lite Strategy leads a $1 million strategic investment in LitVM
NASDAQ-listed Litecoin treasury company Lite Strategy announced it is leading a $1 million strategic investment in LitVM while gaining governance participation rights and potential subscription opportunities for future tokens. LitVM is a zero-knowledge Layer 2 scaling network built on Litecoin, and the new funds will support its introduction of smart contract capabilities and programmable application layers after the mainnet launch.
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