Weekly crypto-equity watch
Trading interest over the past week shifted away from previously popular U.S. and South Korean equity names and toward on-chain tokens and crypto-related stocks, according to the source article.
Robinhood (HOOD) was one of the names affected by that move. Its share price briefly rose above $124 and was last quoted at $122 in the article. The report also said Robinhood now has 14 business lines generating more than $100 million in annualized revenue. Separately, people familiar with the matter said CLARITY may be split into several standalone bills targeting different subsectors, a change the article said could be favorable for crypto-linked stocks, especially Circle (CRCL).
In the broader U.S. stock market, expectations of Federal Reserve rate hikes continued to weigh on sentiment. Rumors around an Anthropic IPO remained active, but the article said that was still unlikely to trigger a broad rebound in the near term. AI-related names recovered somewhat from late-August levels, though the piece said more momentum would be needed before any full sector rotation could take hold.
The article also referenced Cathie Wood, who argued that bitcoin and gold are starting to diverge and that a “new economy” is gradually taking shape. Still, the report said recent trading has shown a stronger correlation between gold and bitcoin, alongside a kind of leveraged relationship with the U.S. equity market.
In South Korea, AI remained the dominant theme. Kim Dong-won, head of research at KB Securities, said: “As of the third quarter, memory chip inventories at Samsung Electronics and SK Hynix have fallen to less than 10 days. This goes beyond a simple demand recovery — available supply is very likely becoming absolutely insufficient. As a result, the possibility that next year’s saleable memory products could be exhausted may become reality.”
Data from a Korean securities information portal showed that between Sept. 1 and Sept. 4, retail investors in South Korea sharply reduced positions in several U.S. semiconductor stocks while adding leveraged semiconductor ETFs. During that period, they were net sellers of more than $100 million of Micron, $68.61 million of SanDisk, $49.37 million of Marvell Technology, and $15.56 million of Nvidia. SK Hynix ADR, which only listed on the New York Stock Exchange in July, saw net selling of $46.16 million over the same stretch, even though cumulative net buying through the end of August had reached $811 million.
By contrast, South Korean retail investors were net buyers of $431 million of SOXL, the Direxion Daily Semiconductor Bull 3X Shares ETF, over the same period. SOXL is designed to deliver three times the Philadelphia Semiconductor Index’s single-day return. The article said the long-term idea that memory supply remains structurally tight is not just rhetoric, and that the pattern of selling single stocks while buying leverage points to continued expectations for upside in semiconductors.
Public companies with BTC treasuries
Strategy raises about $20.9 billion this year and holds 845,050 BTC
Strategy has raised about $20.9 billion so far this year, ranking fourth in U.S. stock issuance, behind only SpaceX, Alphabet, and Intel.
According to its latest 8-K filing, the company recently generated $602.8 million in net proceeds from sales of MSTR common stock. Of that amount, $369.7 million was used to buy 4,603 BTC at an average price of about $80,318 per coin.
As of Aug. 30, Strategy held a total of 845,050 BTC. Its cumulative purchase cost stood at about $63.73 billion, with an average acquisition price of roughly $75,412. The article also noted that MSCI’s consultation on companies with digital-asset treasury reserves is due to end on Sept. 30, and the market is watching whether index inclusion standards will be adjusted.
Strive buys more bitcoin and moves into the top five among public holders
Bitcoin News monitoring cited in the article showed that Strive bought 1,800 BTC between Aug. 24 and Aug. 28 at an average price of $79,431 per coin, for a total transaction value of about $143 million, including fees and related costs.
That purchase lifted Strive’s holdings from 21,356 BTC to 23,156 BTC, worth about $1.8 billion, allowing it to surpass digital-asset exchange Bullish and become the fifth-largest public company by bitcoin holdings. The four companies ahead of it were listed as Strategy, Twenty One Capital, Metaplanet, and MARA Holdings.
Over the past 15 days, Strive added close to 3,000 BTC in total. It bought 1,110 BTC between Aug. 17 and Aug. 21 for about $81.5 million, and earlier in August it purchased another 79 BTC for about $5 million. Strive CEO Matt Cole confirmed the purchases in a post on X on Aug. 31.
The article said the latest purchases were funded mainly through stock sales rather than debt financing. During the period, the number of ASST common shares rose from about 79.9 million to 83.5 million, while the number of SATA preferred shares also increased. Together, the two programs are expected to raise about $154.6 million, with roughly $143 million earmarked for bitcoin purchases.
SATA currently offers a 13% annualized dividend, paid every business day. Strive said it has repaid its outstanding debt, has no margin requirements, and has not pledged its bitcoin as collateral.
The article added that Strive bought nearly 3,000 BTC in August, ASST rose more than 5% on Monday, and the stock was up close to 100% for the month. It also noted that raising funds through share issuance to buy bitcoin can dilute existing shareholders, while a decline in bitcoin’s price could also pose risks.
Matt Cole also said that after adding 3,156 BTC in August alone, the company could become the world’s second-largest public bitcoin holder by the end of 2026, behind only Strategy. He said that outcome is not his base case and would require multiple factors to align.
Remixpoint exits altcoins and becomes bitcoin-only
Japan-listed Remixpoint said it sold all of its altcoin holdings on Sept. 1, including about 901.45 ETH, 13,920 SOL, 1.1912 million XRP, and 2.8023 million DOGE. The sales generated about $5.54 million and produced profit of roughly $743,300.
After completing those transactions, bitcoin became Remixpoint’s only remaining crypto asset. The company now holds about 1,506 BTC and said it plans to build subsequent allocation and business activity around bitcoin. As of the end of August, it had previously earned about $188,100 from ETH and Solana staking.
Capital B receives 7.6 million euros from Adam Back for more BTC purchases
Capital B, which is listed on Euronext Paris, received a 7.6 million euro investment, or about $8.8 million, from Blockstream CEO and early bitcoin developer Adam Back. The company said it plans to use the proceeds to buy as many as 376 BTC.
Capital B currently holds 3,145 BTC. If the additional purchases are completed, its holdings would rise to 3,521 BTC, worth about $269.5 million. Based on Bitcoin Treasuries data cited in the article, that would make Capital B the second-largest publicly listed bitcoin holder in Europe, behind Bitcoin Group SE, which holds 3,605 BTC.
Back’s investment is part of a broader 21 million euro financing round for Capital B.
Boyaa Interactive adds 115 BTC
BitcoinTreasuries.NET said Hong Kong-listed Boyaa Interactive increased its bitcoin holdings by 115 BTC. The company now holds 4,316 BTC and ranks 22nd among corporate bitcoin holders.
Public companies with ETH treasuries
BitMine moves 25,000 ETH to a new wallet
Onchain Lens said BitMine transferred 25,000 ETH, worth about $61.51 million, to a new wallet, 0x0BeF...6853, on Saturday, Sept. 5.
On Sept. 4, Bitmine chairman Tom Lee wrote that roughly 20% of the top-performing stocks in the Russell 1000 since the start of the third quarter have been crypto-related equities.
Public companies with SOL treasuries
None.
Public companies with altcoin treasuries
CEA Industries holds 515,544 BNB worth more than $380 million
Information on the company website shows that BNB treasury company CEA Industries (BNC) currently holds 515,544 BNB worth more than $380 million. The reserve figure was first disclosed in its fiscal 2026 financial report, and that fiscal year was measured through April 30, 2026. The article said this implies CEA Industries has gone at least five months without adding to its BNB holdings.
The report also said CEA Industries had previously been locked in a corporate governance control battle with YZi Labs that lasted more than half a year. The two sides signed a cooperation agreement on June 23, 2026, formally ending the dispute.
Earlier reports said BNC shares were also pushed higher after sharp gains in stock token BNC4 and on-chain meme coin 4Stock, with the underlying stock at one point up more than 70% in premarket trading.
Hyperliquid Strategies lifts equity financing capacity to $2.5 billion
On Sept. 2, Nasdaq-listed digital-asset treasury company Hyperliquid Strategies increased the size of its equity financing arrangement with New York investment bank and broker-dealer Chardan Capital Markets from $1 billion to $2.5 billion.
Under the agreement, Chardan can buy newly issued Hyperliquid Strategies common shares in stages based on pricing, trading volume, and other conditions, then resell those shares in the public market.
Hyperliquid Strategies had already raised $647 million through the mechanism and expanded its treasury holdings to about 29.3 million HYPE. The $2.5 billion figure is the maximum capacity of the facility, not the amount already raised. The company also said funding through new share issuance may dilute current shareholders.
Hyperliquid Strategies said that while it shares a name with Hyperliquid and holds its native token, it operates independently and is not affiliated with Hyperliquid.