Global Markets Under Pressure, AI Hype Enters Performance Verification Phase
U.S. stock futures fell on Tuesday as a selloff in mega-cap tech stocks spread to Asian AI-related equities, ending an eight-day winning streak. South Korea's KOSPI plunged nearly 10%, while Japan's Nikkei 225 dropped 3.55%. Market sentiment has shifted from euphoria to caution, as investors now demand tangible returns from massive AI infrastructure spending. SpaceX shares fell over 16%, breaking below their IPO price of $150, raising concerns about its negative cash flow despite raising $75 billion in its IPO. Morgan Stanley's Chief Investment Officer Mike Wilson stated that liquidity, not interest rates, is the primary risk for U.S. equities, predicting a volatile July with potential pullbacks.
Corporate Bitcoin Allocations: Strategy Buys Only 520 BTC, Strive Adds 759 BTC
According to SoSoValue, global public companies (excluding miners) purchased a net $86.03 million in Bitcoin last week, down 13.97% week-over-week. Strategy (formerly MicroStrategy) spent approximately $34.9 million to buy 520 BTC at an average price of $67,068, bringing its total holdings to 847,363 BTC. Japanese firm Metaplanet did not buy for the ninth consecutive week. Four other companies made purchases: DayDayCook (Japan food brand) bought 95 BTC for $7.43 million, ending with 2,899 BTC; OrangeBTC (Brazil) bought 18 BTC for $1.15 million at $64,121, holding 3,822 BTC; Strive (asset manager) bought 759 BTC for $49.98 million at $65,850, holding 19,864 BTC. As of press time, global public companies collectively hold 1,142,276 BTC, valued at approximately $74.17 billion, representing 5.7% of circulating supply. Miner Mara Holdings added 1,000 BTC, reaching 36,303 BTC.
BitMine Expands ETH Holdings, Staking Rate Above 82%
As of June 21, 2026, BitMine reported total assets of $10.7 billion in crypto, cash, marketable securities, and Moonshots, including 5,672,956 ETH and 205 BTC. It has staked 4,718,677 ETH (83.2% of its ETH holdings), making it the world's largest corporate ETH treasury, representing 4.7% of total ETH supply. In the past week, BitMine purchased 52,203 ETH for $92 million. Meanwhile, Capital B shareholders approved a massive financing plan of over $120 billion (equity ~$5.76B and credit instruments ~$115.2B) for further Bitcoin accumulation. Nasdaq-listed miner BitFuFu authorized a $5 million share buyback program.
Solana Treasury Companies Accelerate, Shareholder Lawsuit and Buybacks
Five major Solana treasury companies now hold a combined 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 (previously established a $5B equity credit line for SOL purchases); Solana Company holds 2,071,127 SOL; SkyAI holds approximately 2,000,000 SOL. In contrast, Solana treasury firm Solmate Infrastructure faces a shareholder lawsuit from its largest external shareholder, RBCH (affiliated with RockawayX/Viktor Fischer), filed in New York State Supreme Court alleging breach of fiduciary duty, misleading statements, and self-dealing. RBCH holds about 22.74% of Solmate's parent company and claims directors purchased approximately 2.298 million B-shares at $4.97 per share, diluting shareholders by 20%. Solmate's stock is down about 78% year-to-date, trading at a 50% discount to NAV.
Litecoin Layer2 Gets Strategic Investment, Canton Launches Buyback
Nasdaq-listed Litecoin treasury firm Lite Strategy announced a $1 million strategic investment in LitVM, a zero-knowledge Layer2 scaling network on Litecoin, gaining governance rights and future token allocation. The funds will support smart contract and programmable application capabilities post-mainnet. Separately, Nasdaq-listed Canton Strategic (Canton Coin treasury company) approved a $50 million share repurchase program to be executed in open markets based on market conditions. Sharplink completed a $75 million private placement, planning to expand ETH reserves and repurchase shares, holding 875,776 ETH as of June 16. In summary, the market is transitioning from sentiment-driven to fundamentals-driven, with digital asset treasury companies exhibiting divergent strategies.
