Editor’s note: As mentioned in last week's Crypto-Stock Indicator, after the initial turbulence from the Israel-Iran situation, cryptocurrency-related stocks, especially leading stocks, have shown independent performance amidst the downtrend of US stocks, with notable seven-day gains. Particularly, as highlighted in our previous article “Circle Stock Strong Rebound: AI, Prediction Markets, and Institutional Adoption”, Circle (CRCL) continues its upward trend, currently approaching $130, with just under 16% to reach the target price of $150, suggesting its rally might continue through this month. Additionally, Bitmine has achieved a seven-day growth of over 15%, leveraging the rebound in the crypto market and leading a $75 million investment into WLD treasury company Eightco Holdings Inc. Meanwhile, Bitdeer maintains its “clear BTC inventory” strategy, continuously selling its mining output, earning market recognition with nearly a 10% stock price increase over the past seven days, making it worth long-term attention.
Below is a summary of last week’s crypto stock market updates prepared by Odaily Planet Daily, with all US stock data sourced from msx.com.
Crypto Stock Commentary: Amid Geopolitical Shocks, Crypto-Related Stocks as Safe Havens
Wall Street's Big Three Remain Bullish on US Stocks: Geopolitical Shocks Do Not Deter Market Rally
Wall Street bank strategists assert that despite risks from the Iran war, their bullish rationale for US stocks remains valid. Rising oil prices, living cost concerns, and uncertainties around Federal Reserve rate outlook have led the S&P 500 (SPX) to its worst two-week performance since the tariff turmoil in April last year. Nevertheless, strategists from Goldman Sachs, Morgan Stanley, and JPMorgan highlight earnings growth and valuations as supportive factors, with valuations still high but less extreme than before. Wilson's year-end base case target for the S&P 500 stands at 7800 points, indicating around an 18% upside from last Friday’s close. Goldman’s Snyder expects the index to rebound to 7600 points.
As the war enters its third week, surging oil prices have driven up US bond yields and dampened expectations of a Federal Reserve rate cut due to heightened inflation concerns. The Strait of Hormuz has become a focal point, with any prolonged disruption potentially intensifying fears of global economic risks from the conflict. Still, since the outbreak of the Iran war, US stocks have seen only moderate declines, with less than 20% of developed market stocks in technically oversold territory.
Analysis: Bitcoin Outperforms Gold and Stocks Amid Global Turmoil, ETF and Strategy Boost Accumulation
Bitcoin and Ethereum have recently outperformed gold and global stocks, underscoring safe-haven demand amid geopolitical tensions. Wall Street brokerage Bernstein notes that Bitcoin's resilience reflects a fundamental shift in its ownership structure, with institutional investors dominating the market. On institutional holdings, Strategy, called "Bitcoin’s Last Central Bank," continues to buy Bitcoin during market downturns. Recently, it added 22,337 BTC at approximately $70,194 each, bringing its total holdings to 761,068 BTC at an average cost of around $75,696. Analysts point out that Bitcoin's performance under geopolitical pressure once again sparks discussions of it as "digital gold." Strategy stock (MSTR) currently trades at about a 14% discount to Bitcoin's net asset value, offering equity investors a high-beta way to participate in Bitcoin's rally. Through high-yield financing provided by STRC products, Strategy has further secured liquidity to support market purchases.
Meanwhile, spot Bitcoin ETFs attracted approximately $2.1 billion in inflows over the past three weeks, accounting for about 6.1% of total supply. Institutional investors, including wealth management firms, pension funds, and sovereign funds, were the primary buyers. Retail investors recently showed net selling, but long-term holders remain dominant, with about 60% of Bitcoin unmoved for over a year, indicating sustained long-term value storage attributes.
Weekly Crypto-Stock Public Company Updates
BTC Treasury Public Company Highlights
According to SoSoValue data, as of 8:30 AM Eastern Time, March 16, 2026, the total weekly net Bitcoin purchase by global public companies (excluding mining firms) was $1.57 billion, a 22.7% increase compared to the previous week.
Strategy (formerly MicroStrategy) announced on March 16 an investment of $1.57 billion (22.7% higher than the previous week), purchasing 22,337 BTC at $70,194 each, bringing its total holdings to 761,068 BTC.
Japanese publicly traded company Metaplanet made no Bitcoin purchases last week, marking nine consecutive weeks without purchases.
Additionally, two other companies purchased Bitcoin last week. UK-based Bitcoin firm The Smarter Web Company announced on March 10 a $200,000 investment, acquiring three BTC at $65,291 each, with total holdings reaching 2,695 BTC. UK Bitcoin company BHODL announced on March 13 a $71,161 purchase price for one BTC.
Nasdaq-listed Zeta Network Group Inc. announced the issuance of $10 million in convertible bonds, with $6 million in the first tranche allocated for Bitcoin purchases.
As of publication, the global publicly traded companies (excluding mining companies) collectively hold 1.02 million BTC, a 2.1% increase from the previous week, with a current market value of approximately $75.4 billion, accounting for 5.1% of Bitcoin's circulating market value.
CEO Metaplanet Simon Gerovich menyatakan bahwa perusahaan telah menerbitkan 100 juta waran Moving Strike dengan ketentuan mNAV. Menurut desainnya, waran hanya dapat dieksekusi jika harga saham perusahaan lebih tinggi dari 1,01 kali mNAV, untuk memastikan bahwa setiap saham baru yang diterbitkan meningkatkan nilai bagi pemegang saham.
Simon Gerovich menyebutkan bahwa mekanisme ini diharapkan dapat menggalang tambahan dana sekitar 234 juta USD untuk membeli Bitcoin, dan hanya akan memicu eksekusi jika meningkatkan jumlah BTC per saham yang dimiliki.
Perusahaan Representatif ETH Treasury yang Terdaftar di Bursa
Yayasan Ethereum Menjual 5000 ETH ke BitMine Senilai 10,2 Juta USD Minggu Lalu
Yayasan Ethereum menyelesaikan transaksi over-the-counter, menjual 5000 ETH ke BitMine Immersion Technologies dengan harga 2042,96 USD per koin, dengan total nilai sekitar 10,2 juta USD. Transaksi ini dilakukan melalui transfer on-chain menggunakan dompet multi-signature Safe milik Ethereum Foundation. Ethereum Foundation menyatakan di platform X bahwa dana tersebut akan digunakan untuk mendukung operasi inti ekosistem Ethereum, termasuk penelitian protokol, pendanaan komunitas, dan pembangunan ekosistem yang lebih luas.
BitMine Immersion Technologies terdaftar di NYSE American dengan kode saham BMNR, dengan Tom Lee, salah satu pendiri Fundstrat, sebagai Ketua Dewan. Perusahaan ini saat ini memegang lebih dari 4,5 juta ETH senilai sekitar 9,3 miliar USD, dan telah secara konsisten menambah kepemilikannya sejak pertengahan 2025.
Ini adalah kedua kalinya Ethereum Foundation menjual ETH kepada pembeli korporat melalui transaksi over-the-counter. Pada Juli 2025, yayasan tersebut menjual 10.000 ETH ke SharpLink Gaming dengan harga rata-rata 2572,37 USD per koin, dengan nilai transaksi sekitar 25,7 juta USD. Kedua transaksi ini berada dalam kerangka manajemen keuangan yang diperkenalkan Ethereum Foundation pada Juni 2025, yang memungkinkan yayasan secara berkala mengonversi sebagian kepemilikan ETH ke dalam cadangan fiat untuk mendukung pengeluaran operasional. Selain itu, Ethereum Foundation juga berencana untuk mendistribusikan sekitar 70.000 ETH ke node validator untuk staking dalam waktu dekat.
Perusahaan Representatif SOL Treasury yang Terdaftar di Bursa
Tidak ada.
Perusahaan Representatif Altcoin Treasury yang Terdaftar di Bursa
Perusahaan Nasdaq Eightco Holdings mengumumkan bahwa mereka telah menerima komitmen pendanaan baru sebesar 125 juta USD, dengan perusahaan treasury Ethereum Bitmine memimpin investasi sebesar 75 juta USD. ARK Invest berkomitmen untuk menginvestasikan setidaknya 25 juta USD, dan perusahaan induk platform kripto Kraken, Payward, juga berkomitmen untuk menginvestasikan 25 juta USD di ORBS. Dana baru ini akan mendukung ekspansi bisnis mereka, serta investasi pada teknologi yang membentuk infrastruktur blockchain generasi berikutnya, kecerdasan buatan, dan platform konsumsi digital global. Perusahaan juga menyatakan akan terus memegang Worldcoin yang didirikan bersama oleh Sam Altman serta Ethereum, dengan keyakinan jangka panjang terhadap protokol ERC-20. Tom Lee, Ketua Dewan Bitmine, akan bergabung dengan dewan Eightco Holdings. Brett Winton, Kepala Futurologi ARK Invest, akan menjabat sebagai penasihat dewan ORBS, sementara Dan Ives akan mengundurkan diri dari posisinya sebagai Ketua Dewan ORBS.
Perusahaan Terdaftar di Bursa AS Cypherpunk Berinvestasi 5 Juta USD di Zcash Open Development Lab
Perusahaan Nasdaq Cypherpunk Technologies mengumumkan bahwa mereka telah berinvestasi sebesar 5 juta USD di Zcash Open Development Lab (ZODL) yang didirikan oleh mantan CEO Electric Coin Company (ECC), Josh Swihart. Ini adalah investasi teknologi pertama perusahaan di luar ZEC. ZODL saat ini memiliki teknologi dompet Zashi dan kekayaan intelektual terkait lainnya, dengan tujuan untuk terus mengembangkan dompet tersebut dan mendukung Zcash di tingkat protokol.