Editor’s Note: As mentioned in last week’s Crypto & Stock Sentinel, following the initial volatility in the Israel-Iran situation, crypto-related stocks—particularly leading names—have carved out their own independent trajectory amid the broader U.S. stock market decline, delivering strong performance over the past seven days. Notably, Circle (CRCL), which we highlighted in “The Strong Rebound Behind Circle’s Stock Price: AI, Prediction Markets, and Institutional Adoption”, has continued its upward momentum and is now nearing $130, just under 16% away from our $150 target price, with potential for further gains this month. Additionally, Bitmine has seen a rally of over 15% in the past seven days, fueled by its lead investment of $75 million in Eightco Holdings Inc., the treasury holder of WLD, capturing the momentum of the crypto market’s bottoming out. Bitfarms has maintained its “sell all BTC” strategy, consistently liquidating mining proceeds, earning market recognition and achieving nearly a 10% stock price increase over the past seven days—worth monitoring for the long term.
Below is a summary of last week's crypto stock market information compiled by Odaily Planet Daily; all U.S. stock data is sourced from msx.com.
Crypto-related stocks reviewed: Under geopolitical shocks, crypto-related stocks become a safe haven for assets
The three major Wall Street giants remain bullish on U.S. stocks: geopolitical shocks won't change the bull market
Wall Street strategists say their bullish case for U.S. equities remains intact despite risks from a potential war with Iran. Rising oil prices, concerns over the cost of living, and uncertainty around the Federal Reserve’s interest rate outlook drove the S&P 500 (SPX) to its worst two-week performance since the tariff turmoil of April last year. Nevertheless, strategists at Goldman Sachs, Morgan Stanley, and JPMorgan Chase note that earnings growth and valuations continue to provide support; while valuations remain elevated, they are no longer as extreme as before. Wilson’s baseline year-end target for the S&P 500 is 7,800, implying approximately an 18% upside from last Friday’s close. Goldman’s Snyder expects the benchmark index to rebound to 7,600.
As the war enters its third week, a sharp rise in crude oil has pushed up U.S. Treasury yields and reduced expectations for Fed rate cuts amid growing inflation concerns. The Strait of Hormuz has become a focal point, and any prolonged disruption would intensify market worries about deepening global economic risks from the conflict. Nevertheless, since the outbreak of the war in Iran, U.S. stocks have seen only a modest pullback, with fewer than 20% of developed market equities in technical oversold territory.
Analysis: Bitcoin outperformed gold and stock markets amid global turmoil, with ETFs and strategies increasing accumulation.
Bitcoin and Ethereum have recently outperformed gold and global stock markets, highlighting increased demand for safe-haven assets amid geopolitical tensions. Wall Street brokerage Bernstein noted that Bitcoin’s resilience reflects a fundamental shift in its ownership structure, with institutional investors now dominating the market. On the institutional side, Strategy, dubbed the “last central bank of Bitcoin,” has continued buying Bitcoin during market downturns. Recently, it added 22,337 BTC at approximately $70,194 per coin, bringing its total holdings to 761,068 BTC with an average cost of about $75,696. Analysts point out that Bitcoin’s recent performance under geopolitical pressure has reignited discussions around its role as “digital gold.” Strategy’s stock (MSTR) is currently trading at a roughly 14% discount to its Bitcoin net asset value, offering equity investors a high-beta way to gain exposure to Bitcoin’s upside. Through high-yield financing products offered via STRC, Strategy further secures liquidity to support continued market purchases.
Meanwhile, spot Bitcoin ETFs have attracted approximately $2.1 billion in inflows over the past three weeks, accounting for about 6.1% of the total supply, with institutional investors including wealth management firms, pension funds, and sovereign investors. Retail investors have recently shown net selling, but long-term holders still represent a high proportion, with about 60% of Bitcoin remaining unmoved over the past year, demonstrating its ongoing role as a store of value.
Weekly update on cryptocurrency and stock listed companies
Representative publicly traded companies in the BTC treasury
According to SoSoValue data, as of 8:30 AM Eastern Time on March 16, 2026, the total net weekly purchase of Bitcoin by global publicly traded companies (excluding mining companies) was $1.57 billion, an increase of 22.7% compared to the previous week.
Strategy (formerly MicroStrategy) announced on March 16 that it invested $1.57 billion (a 22.7% increase compared to last week's purchase) to acquire 22,337 additional bitcoins at a price of $70,194 each, bringing its total holdings to 761,068 bitcoins.
Japanese publicly traded company Metaplanet did not purchase Bitcoin last week, marking nine consecutive weeks without a purchase.
In addition, two other companies purchased Bitcoin last week. The UK-based Bitcoin company The Smarter Web Company announced on March 10 that it invested $200,000 to purchase 3 Bitcoin at a price of $65,291 each, bringing its total holdings to 2,695 Bitcoin; the UK-based Bitcoin company BHODL announced on March 13 that it purchased 1 Bitcoin for $71,161.
Nasdaq-listed Zeta Network Group Inc. announced the issuance of a $10 million convertible bond, with the first tranche of $6 million to be used for purchasing Bitcoin.
As of press time, the total number of bitcoins held by global publicly traded companies (excluding mining companies) in the statistics amounts to 1.02 million BTC, an increase of 2.1% compared to last week, with a current market value of approximately $75.4 billion, representing 5.1% of Bitcoin’s circulating market cap.
Metaplanet CEO Simon Gerovich stated that the company has issued 100 million moving strike warrants with mNAV terms. Designed such that warrants can only be exercised when the company’s stock price exceeds 1.01 times the mNAV, this ensures that each newly issued share enhances shareholder value.
Simon Gerovich stated that the mechanism is expected to raise an additional $234 million for the company to purchase Bitcoin, and warrants will only be exercised if they increase the per-share Bitcoin holding.
Representative companies with ETH treasury holdings
Last week, the Ethereum Foundation sold 5,000 ETH to BitMine for $10.2 million.
The Ethereum Foundation completed an over-the-counter transaction, selling 5,000 ETH to BitMine Immersion Technologies at a price of $2,042.96 per ETH, for a total value of approximately $10.2 million. The transaction was executed on-chain via the Ethereum Foundation’s Safe multisig wallet. The Ethereum Foundation posted on X that the proceeds will be used to support core operations of the Ethereum ecosystem, including protocol development, community grants, and broader ecosystem building.
BitMine Immersion Technologies is listed on the NYSE American under the ticker symbol BMNR, with Tom Lee, co-founder of Fundstrat, serving as chairman. The company currently holds over 4.5 million ETH, valued at approximately $9.3 billion, and has been steadily increasing its ETH holdings since mid-2025.
This is the second time the Ethereum Foundation has sold ETH via over-the-counter transactions to corporate buyers. In July 2025, the foundation sold 10,000 ETH to SharpLink Gaming at an average price of $2,572.37, for a total transaction value of approximately $25.7 million. Both transactions fall under the financial management framework introduced by the Ethereum Foundation in June 2025, which permits the foundation to periodically convert a portion of its ETH holdings into fiat reserves to support operational expenses. Additionally, the Ethereum Foundation recently plans to deploy approximately 70,000 ETH to validator node staking.
Representative companies in the SOL treasury listing
None.
Representative enterprises of altcoin treasury listed companies
Nasdaq-listed Eightco Holdings announced a new $125 million financing commitment, with Ethereum treasury company Bitmine leading a $75 million investment, ARK Invest committing at least $25 million, and Payward, the parent company of crypto platform Kraken, also committing $25 million to ORBS. The new funds will support business expansion and investments in technologies shaping the next generation of artificial intelligence, blockchain infrastructure, and global digital consumer platforms. The company also stated it will continue holding Worldcoin, co-founded by Sam Altman, and Ethereum, and remains long-term bullish on the ERC-20 protocol. It is reported that Tom Lee, Chairman of Bitmine, will join the Eightco Holdings board. Brett Winton, Chief Futurist at ARK Invest, will serve as an advisor to the ORBS board, while Dan Ives will step down as Chairman of ORBS.
U.S.-listed company Cypherpunk invests $5 million in the Zcash Open Development Lab
Nasdaq-listed company Cypherpunk Technologies has announced a $5 million investment in the Zcash Open Development Lab (ZODL), founded by Josh Swihart, CEO of Electric Coin Company (ECC). This is the company’s first technology investment outside of ZEC. ZODL currently holds the Zashi wallet technology and associated intellectual property, with the goal of advancing wallet development and supporting Zcash at the protocol level.