US Tech Stock Sell-off Hits Asian Markets as AI Hype Meets Reality
As of June 23, US stock futures declined amid a sell-off in large-cap tech stocks, dragging down Asian AI-related equities. Japan and South Korea markets tumbled: KOSPI closed nearly 10% lower, and the Nikkei 225 fell 3.55%. The tech sub-sector, which had rallied for eight consecutive sessions, suffered a severe reversal. Market sentiment shifted from last year's euphoria treating every AI company as a "gold mine" to a verification phase demanding tangible results. Investors are now cautious about whether massive AI infrastructure spending will yield real returns. Morgan Stanley's Chief Investment Officer Mike Wilson noted that liquidity, not interest rate hikes, is the main risk for US equities, expecting volatile July with a potential pullback.
Corporate Bitcoin Buying Slows; Strategy Acquires Only 520 BTC
According to SoSoValue, for the week ending June 22, global listed companies (excluding miners) had a net BTC purchase of $86.03 million, down 13.97% week-over-week. Strategy (formerly MicroStrategy) spent about $34.9 million to buy 520 BTC at an average price of $67,068, increasing its total holdings to 847,363 BTC. Japan's Metaplanet did not buy for the ninth consecutive week. Other purchases: DayDayCook bought 95 BTC, OrangeBTC bought 18 BTC, and Strive bought 759 BTC. In total, listed companies hold 1,142,276 BTC, worth approximately $74.17 billion, representing 5.7% of BTC's circulating supply.
Mara Adds 1,000 BTC; Capital B Approves $120B+ Financing Plan
Mara Holdings added 1,000 BTC last week, bringing its total holdings to 36,303 BTC. Bitcoin treasury company Capital B shareholders approved a massive financing plan, allowing the issuance of new shares to raise up to ~$5.76 billion and up to ~$115.2 billion via credit instruments to increase BTC holdings. At current prices, this could support the purchase of over 1.87 million BTC, reinforcing its Bitcoin treasury strategy.
BitMine Adds 52,203 ETH in a Week, Total Assets Reach $10.7B
As of June 21, BitMine's holdings of crypto assets, cash, marketable securities, and "Moonshots" investments totaled $10.7 billion. Its crypto holdings include 5,672,956 ETH (4,718,677 staked) and 205 BTC. BitMine's ETH holdings account for 4.7% of the total ETH supply, making it the largest corporate ETH treasury globally. Last week, it bought 52,203 ETH worth $92 million.
Sharplink Completes $75M Private Placement to Expand ETH Reserves
Sharplink announced the sale of 10.0134 million common shares and warrants, raising approximately $75 million to fund working capital, further ETH accumulation, and share buybacks. As of June 16, Sharplink held a total of 875,776 ETH.
Top Five Solana Treasury Companies Hold Over 15.7M SOL; Solmate Board Sued
Several listed companies have added Solana to their balance sheets. The top five Solana treasury companies together hold over 15.7 million SOL: Forward Industries holds 7,044,079 SOL (all staked, generating ~$4.6M in Q4 staking income); Upexi holds 2,361,931 SOL; DeFi Development Corp. holds 2,294,576 SOL; Solana Company holds 2,071,127 SOL; SkyAI holds approximately 2,000,000 SOL. Solmate Infrastructure's largest external shareholder, RBCH, sued the board for breach of fiduciary duty, misleading statements, and self-dealing, resulting in approximately 20% shareholder dilution. Solmate currently holds about 2 million SOL on its books; its stock has fallen roughly 78% year-to-date.
Canton Strategic Launches $50M Share Buyback Program
Nasdaq-listed Canton Coin treasury company Canton Strategic approved a $50 million share buyback program, to be executed in open market or other compliant methods, with size adjusted based on market conditions.
Litecoin Treasury Company Lite Strategy Leads $1M Investment in LitVM
Nasdaq-listed Litecoin treasury company Lite Strategy led a $1 million strategic investment in LitVM, gaining governance participation rights and potential future token subscription opportunities. LitVM is a zero-knowledge Layer 2 scaling network built on Litecoin, aiming to introduce smart contract capabilities to Litecoin.
For more stock-crypto market information, visit MSX.COM. (Odaily Planet Daily Note: This article does not constitute investment advice; it is for learning and communication only.)