Public companies slowed their Bitcoin accumulation sharply last week, and Strategy did not add to its holdings. Citing SoSoValue data, Odaily said net Bitcoin purchases by listed companies worldwide, excluding mining firms, totaled $1.33 million for the week ended 8 a.m. Eastern Time on July 20, 2026, down 98.4% from the previous week.
Strategy made no Bitcoin purchases during the week, according to official filings referenced in the report. Its U.S. dollar reserves increased by about $225 million to roughly $3.23 billion. Japan-listed Metaplanet also did not buy Bitcoin last week.
Rising short interest and rate concerns weigh on U.S. equities
Odaily framed the crypto-equity update against a broader risk-off tone in U.S. markets. As concerns around artificial intelligence-related risks intensified, bearish positioning in U.S. stocks climbed toward record levels. Short interest in S&P 500 constituents as a share of free float approached 3.79%, the highest since S3 Partners began tracking the data in 2010. In the Russell 3000, the figure recently rose to 6.3%, also a record.
The report noted that the S&P 500 had gained about 18% since late March, but some investors are questioning whether AI-led advances in technology stocks can hold up and whether elevated valuations leave the market exposed to a pullback. It said the jump in short positioning reflects concerns over an AI bubble, earnings expectations, and market concentration. At the same time, Odaily noted that high short interest has not always preceded a market decline. If corporate earnings continue to improve or AI investment produces better-than-expected returns, short covering could still push equities higher.
On Friday, the three major U.S. stock indexes opened lower and technology shares broadly weakened. The Philadelphia Semiconductor Index fell more than 20% from its record closing high and was on track to confirm a bear market. SK Hynix ADR dropped below its $149 offering price for the first time. SpaceX shares were down 38% from their peak, erasing about $1 trillion in market value from the high, according to the report. AMD fell more than 7%, Intel lost more than 6%, and TSMC dropped more than 5%.
Odaily said some analysts viewed the chip-stock pullback as something larger than a fundamentals-driven correction, pointing instead to style rotation and a shift in market preferences. It also said rate-hike expectations strengthened after Federal Reserve Chair Warsh expressed dissatisfaction with inflation during testimony, while other Fed officials delivered hawkish messages. Logan explicitly called for rate hikes, and Schmid warned that the risk of faster inflation in coming months remained in place. The outlook for a U.S.-Iran war was also described as uncertain, weighing on risk appetite.
Strategy pauses buying while total corporate Bitcoin holdings edge higher
As of publication, the listed companies tracked in the report, excluding miners, held a combined 1,139,656 BTC. That was up 0.002% from the previous week. The holdings were valued at about $73.76 billion and represented 5.7% of Bitcoin’s circulating market capitalization.
Only one company in the weekly tally bought Bitcoin during the period. Asset manager Strive said on July 20 that it had spent $1.15 million to buy 21 BTC at $63,221 per coin, bringing its total holdings to about 19,921 BTC.
Capital holding company ORANGE JUICE separately announced that it had completed a $40 million financing, with the funds earmarked for Bitcoin purchases.
Capital B to carry out a 1-for-10 reverse split
BitcoinTreasuries.NET said Bitcoin treasury company Capital B ALCPB will execute a 1-for-10 reverse stock split effective Sept. 8. The company said the move is intended to support institutional development and open the stock to a broader investor base.
Bitcoin Japan Corporation raises $60 million through convertible bonds
BitcoinTreasuries.NET also said listed company Bitcoin Japan Corporation 8105.T had raised $60 million through convertible bonds and allocated $4.08 million to make its first BTC treasury purchase.
ORANGE JUICE closes a $40 million round
Bitcoin treasury startup ORANGE JUICE said on July 15, 2026 that it had completed a $40 million financing round. Grupo Salinas founder and chairman Ricardo Salinas participated as a cornerstone investor, alongside Bitcoin investors including Jeff Booth and Lyn Alden.
The company said it plans to acquire small businesses generating annual cash flow of $1 million to $10 million, then use part of retained earnings for additional acquisitions and Bitcoin purchases. It said it would rely less on debt and equity issuance and lean mainly on growth in operating cash flow. Ruben Zweiban will serve as operating partner overseeing day-to-day operations. Odaily said he previously worked as an investment banker at BofA Securities, an equity research analyst at JPMorgan Asset Management, and chief investment officer of a private multi-family office with assets in the billion-dollar range. The company also plans to pursue a public listing in the future.
Vanguard, Swedbank, and Capital Group funds add Strategy shares
Several asset managers disclosed larger positions in Strategy.
- Vanguard Group’s Mid-Cap Value ETF (VOE) reported buying 83,093 shares of Strategy (MSTR), valued at $8.16 million. It now holds 2.12 million shares worth $209 million.
- Swedbank AB, which the report said has $264 billion in assets, added 8,278 Strategy shares, bringing its total position to 90,590 shares valued at $8.81 million.
- Capital Group’s Growth ETF (CGGR), part of a firm managing $3.3 trillion in assets, disclosed the purchase of 80,240 Strategy shares valued at $7.78 million. It now holds 1.66 million shares worth $161.39 million. Odaily described Capital Group as the world’s largest active fund manager.
BitMine lifts ETH holdings to 5.78 million
In Ethereum treasury names, BitMine said its ETH holdings had reached 5.78 million, equivalent to about 4.8% of Ethereum’s circulating supply and close to its target of eventually holding 5% of all ETH. The company added 7,430 ETH over the past week.
BitMine said the value of its crypto assets, cash, and available-for-sale securities stood at $11.5 billion. That total included 207 BTC as well as $385 million in cash and securities. About 4.9 million ETH, or roughly 85% of its treasury, was staked through validator networks and partners.
The company also repurchased 5.5 million shares over the past week under a previously authorized $4 billion buyback plan. Earlier this month, BitMine said its institutional staking platform MAVAN generated $45.7 million in staking and validation revenue in the three months ended May 31, accounting for 98% of the company’s total revenue.
No named SOL treasury company; HypeStrat leaves holdings unchanged
Odaily did not list a representative SOL treasury company in this week’s update.
For altcoin treasury companies, HyperliquidNews said DAT player HypeStrat did not change its corporate treasury this week. It bought neither Hyperliquid’s native token nor PURR. Its mNAV fell to a long-term low of 0.87x, or 0.80x after tax.