Global technology stocks tumbled Monday as a selloff in mega-cap tech names spread to Asia, dragging down Korean and Japanese indices. Korea's KOSPI closed nearly 10% lower, while Japan's Nikkei 225 fell 3.55%. The rout marks a shift in investor sentiment: the AI frenzy that once lifted any company mentioning the technology is now giving way to a demand for tangible returns on massive infrastructure spending. SpaceX, after hitting an all-time high, dropped over 16% in a single day, falling below its IPO price of $150. Morgan Stanley's chief investment officer Mike Wilson warned that liquidity, not interest rates, is the main risk for U.S. equities, and predicted volatile July trading with a potential pullback.
Corporate Bitcoin Buying Slows; Strategy Buys Only 520 BTC. According to SoSoValue data, global listed companies (excluding miners) added just $86.03 million in Bitcoin last week, down 13.97% from the prior week. Strategy (formerly MicroStrategy) spent approximately $34.9 million at an average price of $67,068 to acquire 520 BTC, bringing its total holdings to 847,363 BTC. Japan's Metaplanet did not buy any Bitcoin for the ninth consecutive week. In contrast, asset manager Strive spent $49.98 million at $65,850 to purchase 759 BTC during June 15–21, boosting its total to 19,864 BTC. Other buyers include DayDayCook (95 BTC) and OrangeBTC (18 BTC). As of press time, all tracked listed companies (excluding miners) hold 1,142,276 BTC, valued at about $74.17 billion, representing 5.7% of Bitcoin's circulating supply.
BitMine's Treasury Swells to $10.7B; Adds 52,203 ETH in a Week. As of June 21, BitMine held $10.7 billion in crypto, cash, marketable securities, and 'moonshots' investments. Its crypto holdings include 5,672,956 ETH and 205 BTC. BitMine has staked 4,718,677 ETH, making it the largest ETH corporate treasury globally, accounting for 4.7% of total ETH supply. During the past week, BitMine purchased 52,203 ETH worth $92 million.
Other Key Corporate Moves: Capital B shareholders approved a massive financing package of up to $120 billion (including ~$5.76B equity and ~$115.2B credit facilities), theoretically enabling the purchase of over 1.87 million BTC. BitFuFu's board authorized a $5 million share buyback. Sharplink completed a $75 million private placement to expand ETH reserves and repurchase shares; it holds 875,776 ETH. Marathon Digital (Mara Holdings) added 1,000 BTC, now holding 36,303 BTC.
Solana Treasury Companies Hold Over 15.7M SOL; Lawsuit Hits Solmate. The top five Solana treasury companies collectively hold more than 15.7 million SOL. Forward Industries leads with 7,044,079 SOL (all staked, generating ~$4.6M quarterly staking income), followed by Upexi (2,361,931 SOL), DeFi Development Corp. (2,294,576 SOL), Solana Company (2,071,127 SOL), and SkyAI (~2,000,000 SOL). However, Solmate Infrastructure (SLMT), a Solana digital asset treasury company, faces a lawsuit from its largest external shareholder RBCH, alleging breach of fiduciary duty, misleading statements, and self-dealing. The lawsuit claims directors Ron Sade and Keren Maimon personally bought 2.298 million Class B shares at $4.97 each, diluting other shareholders by about 20%. Solmate's stock has fallen ~78% year-to-date versus SOL's ~50% decline.
Other Treasury News: Canton Strategic announced a $50 million share buyback program. Lite Strategy, a Nasdaq-listed Litecoin treasury company, led a $1 million strategic investment in LitVM, a zero-knowledge Layer 2 network on Litecoin, gaining governance rights and future token allocation. Funds will support smart contract capabilities on Litecoin mainnet.
