Crypto-linked listed stocks remained centered on on-chain equity memes and tokenized stock themes last week, though the heat in that segment has started to cool and token market-cap ceilings are becoming more visible. The report also pointed to a public dispute between the AMC CEO and the Robinhood CEO over the legitimacy of U.S. stock tokenization, saying related meme tokens could face a pullback while short targets may benefit.
In South Korea, the Korea Exchange has formally launched after-hours stock trading. Regular trading remains from 9 a.m. to 3:30 p.m., and investors can now continue trading until 8 p.m. after the regular close. A pre-market segment that had been scheduled to launch alongside the new system on Sept. 14 has been delayed to the end of 2027 after the securities industry raised concerns over the burden of IT development and staffing.
In the U.S. equity market, expectations for a September rate hike by the Federal Reserve rose quickly after core CPI inflation for August picked up again. With a hike seen as highly likely this week, attention has shifted to how U.S. stocks may perform after the move. Jeff Buchbinder, chief equity strategist at LPL Financial, reviewed six Fed tightening cycles since 1994 and found that the S&P 500 has usually been weaker in the short term after the first hike, while performance one year later was notably better than in the first few months.
The report said AI names had already come under short-term pressure after companies including Anthropic and OpenAI called for slower development of AI models because of safety concerns. Combined with rate-hike expectations, U.S. stocks at one point saw a sharp drop. JPMorgan nevertheless reiterated a bullish stance. Mislav Matejka, the bank’s head of global and European equity strategy, said overly crowded short positioning could be hit by a sharp reversal if U.S. President Donald Trump later tried to cool tensions in the Middle East through diplomacy, or if third-quarter earnings came in above expectations.
Weekly update on public companies with crypto treasury exposure
Bitcoin treasury companies: net weekly BTC selling reached $21.63 million
According to SoSoValue, as of 8 a.m. Eastern Time on Sept. 14, 2026, global listed companies excluding mining firms recorded a total net Bitcoin sale of $21.63 million for the week. That was 108.1% lower than the prior week.
Strategy, formerly MicroStrategy, did not purchase Bitcoin last week, marking a second straight week without buying. Japan-listed Metaplanet also did not buy any Bitcoin, extending its inactive streak to nine weeks.
Three additional companies disclosed Bitcoin purchases or treasury updates during the week:
- KULR said on Sept. 11 that it sold about 764 BTC at $76,633 between Aug. 20, 2026 and Sept. 11, 2026, generating about $58.5 million and fully exiting its Bitcoin holdings.
- French Bitcoin company Capital B said on Sept. 14 that it bought 4 BTC at $77,219, bringing total holdings to 3,525 BTC.
- Asset manager Strive said on Sept. 14 that it spent about $36.56 million to buy 469 BTC at $77,954 last week, lifting its total holdings to about 25,000 BTC.
At publication time, the global listed companies tracked in the dataset, excluding miners, held a combined 1,125,978 BTC, up 0.54% from the previous week. The holdings were worth about $87.52 billion and represented 5.6% of Bitcoin’s circulating market capitalization.
Strategy: no BTC added for two weeks, cash reserves fell to $6.398 billion
According to market information cited in the report, Strategy did not increase its Bitcoin holdings last week, and its U.S. dollar and cash reserves fell to $6.398 billion.
Strive: market capitalization hit a record
BitcoinTreasuries.NET said Bitcoin treasury company Strive reached a record market value of $2.62 billion, while its share price rose to $27.70. Over the past month, Strive’s market capitalization has surpassed that of 545 listed companies.
Metaplanet: new wholly owned Hong Kong subsidiary planned
Metaplanet said it will establish a wholly owned subsidiary in Hong Kong called Metaplanet Asset Management Asia Limited with an initial capital contribution of $1 million. The unit is expected to be set up in September 2026.
The Hong Kong subsidiary will work alongside Metaplanet Asset Management Inc., which was previously established in Miami, to handle trade execution during Asian hours as well as position and market monitoring for risk management. Its main investment targets will include Bitcoin, Bitcoin-related stocks, and credit instruments such as preferred securities issued by Bitcoin treasury companies.
KULR: exited its Bitcoin treasury strategy
Battery technology company KULR sold 764 BTC at an average price of about $76,633 between Aug. 20 and Sept. 11, raising about $58.6 million. As of Sept. 11, its Bitcoin holdings had fallen to zero.
KULR had previously disclosed that it sold about 333 BTC after June 30, with roughly $20 million used to repay Coinbase debt. The filing did not disclose cost basis, realized profit or loss, or the exact use of funds. The company said cash will be directed first toward its core energy business and did not rule out buying Bitcoin again in the future.
Satsuma: sold all BTC and plans to return £30.719 million to eligible shareholders
Satsuma Technology sold all 669.4867 BTC between July 24 and July 31 at a volume-weighted average price of £46,767 per Bitcoin, generating £31.912 million.
On Sept. 8, the High Court of England and Wales approved the cancellation of 11.236 billion Class B shares and confirmed a capital return of £30.719 million to eligible shareholders. The return amount is £0.002734 per Class B share. Shareholders received one Class B share for each ordinary share held at the record time.
After deducting about £2.6 million in transaction and termination costs and retaining £2 million in working capital, the payment is expected to be made on or before Sept. 28 through cheque, bank transfer or CREST. The company had previously expected to cancel its London listing on Sept. 14, though the report said completion of that step had not yet been confirmed.
Ether treasury companies: Bitmine added 27,180 ETH last week
Ether treasury company Bitmine Immersion Technologies disclosed that it added 27,180 ETH last week. Its crypto-related holdings now include 5,956,378 ETH, 212 BTC, an equity stake in Eightco Holdings valued at $98 million, and Beast Industries shares valued at $180 million.
Bitmine has staked 5,067,309 ETH so far, worth about $12.7 billion. The amount of staked ETH was unchanged.
Canaan: fully exited ETH and sold 54 BTC
Canaan released unaudited operating data through Aug. 31, 2026, saying it sold all 3,952 ETH holdings in late August at an average price of about $2,400 per coin. It also sold 54 BTC at an average price of about $79,000 each.
The company used part of the proceeds to repurchase about 13.6 million American depositary shares, or ADSs, bringing total ADS repurchases since the start of the year to about 16.4 million.
Solana treasury companies: SkyAI faces a governance dispute, DeFi Development keeps buying
Bastion Trading Limited, which owns 9.99% of Solana treasury company SkyAI, said in an SEC filing that it plans to vote against all five current directors at the annual shareholder meeting on Sept. 18.
Bastion said it is deeply concerned about amendments to the company’s bylaws that weakened shareholder rights, a poison pill adopted by the board without shareholder approval, and related-party transactions. Independent director Annemarie Tierney resigned in December 2025 after earlier raising potential conflicts of interest and related-party transaction issues with management.
SkyAI was formerly Sharps Technology. It raised more than $400 million through a PIPE financing in August 2025 to build a Solana treasury. The company now holds about 2 million SOL, has a current market capitalization of about $59 million, and its share price has fallen about 86% over the past year.
DeFi Development Corp. said it added 55,491 SOL, bringing its reserve to about 2.3889 million SOL and SOL equivalents, up about 2% from Aug. 27, 2026.
At the same time, the company launched an at-the-market issuance program of up to $300 million for its Series C perpetual preferred stock, CHAD. The offering price is expected to be no lower than the $10 par value per share, and net proceeds will mainly be used to continue accumulating SOL.
The company said SOL has outperformed the Nasdaq 100 by 39 percentage points so far this quarter, while DFDV has delivered returns equal to twice SOL’s gain over the same period. CEO Joseph Onorati said the plan gives the company a structure to turn CHAD into a new growth engine, with issuance priced no lower than the $10 par value.
Altcoin treasury companies: Newgenivf has sold all XRP
Nasdaq-listed Newgenivf said all 146,400 XRP purchased during 2025 have been sold, generating a profit of about $10,800.
During the same period, the company also traded small amounts of BTC and ETH. It now only retains about 13,000 SOL and recorded a year-end loss of about $1.28 million.