Crypto Stock Barometer丨Strategy Spends $1 Billion in a Single Week to Increase Bitcoin Holdings, Total Holdings Exceed 780,000 BTC; Bitmine Approves $4 Billion Stock Buyback Plan (April 14)
- Core View: Last week saw active developments among publicly listed companies related to cryptocurrency. Bitcoin miners accelerated their shift towards diversified infrastructure due to profit pressures, while several listed companies continued to increase holdings of mainstream crypto assets or advance strategic layouts, demonstrating deep institutional capital participation in the crypto ecosystem.
- Key Elements:
- To prepare for the 2028 halving and cost pressures, Bitcoin miners are accelerating BTC sales, optimizing cash flow, and transitioning to a "power + computing power infrastructure" model to seek diversified revenue streams.
- Strategy (formerly MicroStrategy) spent a staggering $1 billion in a single week to acquire 13,927 BTC, bringing its total holdings to 780,897 BTC, demonstrating a strong allocation intent.
- Ethereum treasury company Bitmine increased its holdings by 71,524 ETH last week. Its total staked ETH now exceeds 3.33 million, valued at approximately $7.4 billion, and it has expanded its stock buyback plan.
- Nasdaq-listed company Eightco Holdings disclosed holding nearly 9% of the circulating WLD supply. Its $90 million investment in OpenAI accounts for 30% of the company's total assets.
- Several altcoin treasury companies took strategic actions, such as AlphaTON securing $43 million in funding to expand into AI computing power, and Brag House shareholders overwhelmingly approving a merger proposal with the official Dogecoin entity.
Editor's Note: After a week, the multiple "leading crypto concept stocks" we previously mentioned have all seen varying degrees of gains. Among them, Circle's increase has been the most significant, once again surpassing $100. In the long term, its target price is still seen around $130-$150. Additionally, influenced by the energy war, mining companies have seized opportunities to accelerate their transformation, resulting in relatively smaller stock price volatility and a more pronounced sector-wide increase. Furthermore, related to the AI concept is the WLD treasury company Eightco Holdings Inc., which is part of the "OpenAI investment concept stocks." Among altcoin treasury companies, following the previously strong performance of TRON, companies related to TON, BERA, and DOGE have also been active recently.
The following is a summary of last week's crypto and stock market information compiled by Odaily. All U.S. stock data is sourced frommsx.com.
Iran War May See a Turning Point; Mining Companies Face Profit Pressure, Accelerate Transformation; Institutions Bullish on U.S. Stocks
Bitcoin Miners Brace for 2028 Halving: Profit Pressure, Tightening Energy, Industry Shifts Towards "Infrastructure"
As the next Bitcoin halving (expected in 2028) approaches, miners are facing a more challenging operating environment compared to 2024. The block reward will further decrease from 3.125 BTC to 1.5625 BTC, while rising energy costs, record-high network hash rate, and tightening capital are continuously squeezing industry profit margins.
Data shows that mining companies have already entered a phase of "deleveraging" and cash flow optimization: MARA Holdings sold over 15,000 BTC in March, Riot Platforms offloaded more than 3,700 BTC in Q1, Cango sold 2,000 BTC to repay debt, and Bitdeer even reduced its BTC holdings to zero in February.
Industry insiders point out that miners are shifting from "pure hash rate competition" to "competition in capital and energy management capabilities." GoMining CEO Mark Zalan stated, "Capital discipline is more important than hash rate expansion"; Cango also noted that operators with scale and diversified energy layouts will have greater survival advantages in the future. Meanwhile, the business models of mining companies are being restructured, moving from单一的区块奖励收入单一 block reward income to a "power + computing infrastructure" model, including diversified revenue sources such as participating in grid peak shaving, waste heat utilization, and meeting AI computing demand.
BlackRock Resumes Overweight View on U.S. Stocks, Believes Iran War Impact is Manageable
BlackRock strategists have resumed their overweight view on U.S. stocks, believing the impact of the Middle East conflict on global economic growth "could be contained." After downgrading risk and adopting a neutral stance weeks ago due to escalating Middle East tensions, the strategy team led by Jean Boivin, head of the BlackRock Investment Institute, stated in a report on Monday local time that they have been watching for "two signals to increase risk exposure," including the resumption of shipping through the Strait of Hormuz and signs that the war's economic impact is limited. They said, "We have seen progress on both fronts," and a recent ceasefire is "critical," with the threshold for returning to war being "high." BlackRock also emphasized the upcoming earnings season. "Even during the conflict, corporate earnings expectations have been rising, partly thanks to the AI theme." Regarding U.S. stocks, BlackRock stated, "The manageable impact of the Middle East conflict on global growth, coupled with strong earnings expectations—especially in the tech sector—keeps us risk-on."
Weekly Updates on Crypto-Listed Companies
Representative BTC Treasury Listed Companies
According to SoSoValue data, as of 8 AM ET on April 13, 2026, the total net weekly purchases of Bitcoin by global listed companies (excluding mining companies) last week amounted to $1 billion, a 36% increase compared to the previous week.
Strategy (formerly MicroStrategy) announced an investment of $1 billion (a 203% increase compared to last week) to purchase 13,927 Bitcoin at an average price of $71,902, bringing its total holdings to 780,897 BTC.
The Japanese listed company Metaplanet did not purchase Bitcoin last week.
Additionally, one other company purchased Bitcoin last week. The French Bitcoin company announced on April 13 an investment of $2.6 million to purchase 37 Bitcoin at an average price of $70,168.90, bringing its total holdings to 2,925 BTC.
As of press time, the total Bitcoin holdings of the tracked global listed companies (excluding mining companies) amounted to 1,047,244 BTC, a 1.35% increase from last week. The current market value is approximately $74.29 billion, accounting for 5.2% of Bitcoin's circulating market cap.
Representative ETH Treasury Listed Companies
Bitmine Increased Holdings by 71,524 ETH Last Week, Total Staked ETH Exceeds 3.33 Million
Ethereum treasury company Bitmine Immersion Technologies disclosed that it increased its holdings by 71,524 ETH last week. The company's current crypto asset holdings include 4,874,858 ETH, 198 BTC, $85 million worth of equity in Eightco Holdings, and $200 million worth of shares in Beast Industries. Furthermore, the total amount of ETH staked by the company is 3,334,637 (valued at $7.4 billion based on $2,206 per ETH).
Additionally, Ethereum treasury company Bitmine announced that its common stock began trading on the New York Stock Exchange at the market open on April 9, 2026, under the ticker symbol "BMNR." Besides the listing upgrade, Bitmine's board unanimously approved expanding the company's 2025 stock repurchase program, increasing the authorized total from $1 billion to $4 billion.
$1.6 Billion SPAC Merger Between Ethereum Treasury Company The Ether Machine and Dynamix Terminated
Ethereum treasury company The Ether Machine and special purpose acquisition company (SPAC) Dynamix Corporation (ticker: DYNX) announced on Friday that they have mutually agreed to terminate the previously planned $1.6 billion merger transaction due to unfavorable market conditions. According to filings with the U.S. Securities and Exchange Commission (SEC), The Ether Machine must pay Dynamix a $50 million termination fee within 15 days.
The merger agreement was first disclosed in July 2025, originally planning to list The Ether Machine on Nasdaq under the ticker ETHM. Regarding the transaction size, the agreement included a fully committed $1.5 billion PIPE financing (reportedly the largest all-common-stock financing of its kind since 2021) and approximately $170 million from Dynamix's trust account. The merged company was expected to hold over 400,000 Ethereum on its books.
Representative SOL Treasury Listed Companies
DeFi Development Discloses Holding 2.22 Million SOL and Over 656,000 dfdvSOL as of End-March
Nasdaq-listed Solana treasury company DeFi Development released its March operational report, disclosing that as of the end of March, the company held 2.22 million SOL. Its holdings of the liquid staking token dfdvSOL have increased from 513,000 to over 656,000. Additionally, DeFi Development stated it will continue to advance its strategic investment in the stablecoin protocol Apyx.
SOL Strategies Acquires Darklake Labs for $1.2 Million Transaction Value
Solana treasury company SOL Strategies officially announced it has entered into a definitive acquisition agreement with Solana-native zero-knowledge technology company Darklake Labs, with a total transaction value of approximately $1.2 million, of which about $1 million will be paid in company common stock. Upon completion of the acquisition, Darklake's founding team will join SOL Strategies, including former Meta/IBM engineer Vitor Py Braga, former Coinbase compliance executive Amber Hales, and ZK research lead Tiago Alves, to advance privacy technology development within the Solana ecosystem.
Altcoin Treasury Listed Companies
TON treasury company AlphaTON Capital announced a strategic financing agreement with Vertical Data totaling approximately $43 million, expected to be completed in Q2 2026. AlphaTON stated that this financing cooperation focuses on AI hardware deployment, which will accelerate its "privacy computing" and sovereign AI infrastructure development, and support the integration of AI, digital assets, and confidential computing. It is reported that its AI and privacy computing infrastructure will also provide underlying computing power support for related applications of partners like Telegram and Animoca Brands.
Nasdaq-listed company Eightco Holdings released an update on its holdings, disclosing that as of April 6, 2026, its total asset value reached $321 million, including: 277,222,975 Worldcoin (WLD), 11,068 ETH, a $90 million investment in OpenAI, a $25 million investment in Beast Industries, and $110 million in cash and stablecoins.
Eightco Holdings stated it currently holds nearly 9% of the circulating WLD supply, making it one of the largest public market participants in the Worldcoin ecosystem. Its investment in OpenAI constitutes about 30% of the company's total assets, also providing retail investors a way to indirectly hold OpenAI through the public market. The company's CEO, Kevin O'Donnell, stated: "Owning Eightco is like owning a piece of OpenAI."
Nasdaq-listed company Brag House Holdings announced that its shareholders approved the merger proposal with the official Dogecoin Foundation entity, House of Doge, with over 98% of the votes. The parties subsequently plan to launch a listed platform connecting sports, digital finance, and blockchain infrastructure, integrating Brag House's resources in collegiate sports and media.
Greenlane Approves $2 Million Stock Repurchase Plan, BERA Holdings Increase to 77.9 Million Tokens
Nasdaq-listed BERA treasury company Greenlane Holdings announced that its board has approved a $2 million stock repurchase plan. Additionally, the company released its full-year financial report, disclosing that after acquiring an additional 7.5 million BERA tokens, its holdings as of April 7, 2026, have increased to 77.9 million tokens, representing approximately 32% of the current circulating supply of BERA.
