Crypto and Stock Market Indicator | Strategy invested $204 million last week to purchase 3,015 Bitcoins; US-listed company GD Culture's board approved the sale of 7,500 Bitcoins last week (March 3)

Editor’s Note: Last weekend, the conflict between Israel and Palestine suddenly escalated into a localized hot war, causing turbulence in the global economic situation. The crypto market was also affected. After sharp fluctuations following the outbreak of war, U.S. stocks rebounded against the trend, and many crypto concept stocks experienced a surge, notably Circle (CRCL) with earnings far exceeding expectations, Bitcoin treasury leader Strategy (MSTR), and top RWA sector company Figure (FIGR). Additionally, benefiting from developments in AI and the emergence of new concepts and products like OpenClaw, crypto mining companies transitioning to AI computing power or HPC high-performance data centers have seen relatively stable prices, warranting long-term attention.

Below is a summary of last week’s coin and stock market information compiled by Odaily Planet Daily. All U.S. stock data are frommsx.com.

Crypto Concept Stocks: Selling Coins for Survival vs. Mergers and Acquisitions Boom?

BTCS Executive: Crypto Treasury Companies May See Consolidation in 2026

Wojciech Kaszycki, Chief Strategy Officer of BTCS, stated that under the ongoing market downturn, there may be a trend toward consolidation among crypto treasury companies in 2026. He pointed out that some companies’ stock prices are below their net asset value (NAV) of held crypto assets, trading at a discount.

Kaszycki believes that companies with actual operational businesses (such as blockchain validator services or public/private credit products) have cash flow and are better positioned to acquire firms that only hold crypto assets but lack operational income. He also mentioned the tokenization of real-world assets (RWA), especially the on-chainization of public and private credit assets, which could see significant growth within the next 24 months and become a potential revenue source for treasury companies. He also noted that Strategy, the world’s largest Bitcoin treasury company, offers credit-like and fixed-income instruments to investors, which is one of the key reasons for its inclusion in the MSCI index system.

Selling Coins for Survival: BTC and ETH Treasury Companies’ Difficult Choices

Previously, ETH treasury company ETHZilla had to sell coins to survive and recently rebranded as Forum Markets, shifting to an RWA digital asset platform. This news caused its stock price to surge by 17%.

Recently, ETH treasury company FG Nexus sold over 7,500 ETH. Moreover, some BTC treasury companies, unlike Strategy and Metaplanet with strong financial backing, have had to take measures to cope with the declining crypto markets. For example, U.S. listed GD Culture’s board authorized the sale, exchange, or disposal of its current 7,500 Bitcoin reserves to fund its previously announced share repurchase plan scheduled for February 18, 2026.

However, some companies are still holding on, such as Bitcoin treasury firm EmperyDigital, which decided not to immediately liquidate all Bitcoin assets despite shareholder proposals to sell coins and return cash.

For treasury companies in the crypto bear market, choosing the right time to sell is undoubtedly a difficult dilemma.

Weekly Update on Coin and Stock Companies

Representative Bitcoin Treasury Companies

Last week, global listed companies net bought $208.79 million worth of BTC. Strategy invested $204.1 million to purchase 3,015 BTC, an increase of 412.8% compared to the previous week.

According to SoSoValue data, as of 8:30 AM Eastern Time on March 2, 2026, the total weekly net purchase of Bitcoin by global listed companies (excluding mining companies) was $208.79 million, up 348% from the previous week.

Strategy (formerly MicroStrategy) announced on March 2 that it invested $204.1 million (up 412.8%) to acquire 3,015 BTC at an average price of $67,700, bringing its total holdings to 720,737 BTC.

Japanese listed company Metaplanet did not purchase Bitcoin last week, marking seven consecutive weeks without buying.

Additionally, two other companies bought Bitcoin last week. Japanese food brand DayDayCook announced an investment of $4.22 million on February 25 to buy 50 BTC at an average price of $84,468, totaling 2,118 BTC holdings. Brazilian Bitcoin company OrangeBTC announced on March 2 an investment of $470,000 at an average price of $67,438.14 to buy 0.7 BTC, bringing its total to 3,723 BTC.

As of press time, the total Bitcoin holdings of global listed companies (excluding miners) reached 981,150 BTC, an increase of 0.31% from last week, with a market value of approximately $64.26 billion, accounting for 4.9% of circulating Bitcoin market cap.

American Bitcoin Earnings Report: Bitcoin Reserves Surpass 6,000 BTC, 2025 Revenue Exceeds $180 Million

Nasdaq-listed Bitcoin mining company American Bitcoin, supported by the Trump family, released its 2025 financial report, revealing that its Bitcoin reserves exceeded 6,000 BTC. In its first year of independent listing, the company’s operations and capital execution met strategic goals. It adopted a dual approach of “scaling mining + ATM fundraising” to accelerate reserve accumulation, achieving $185.2 million in revenue in 2025, deploying approximately 25 EH/s of hash power and owning about 78,000 ASIC miners.

U.S. listed company GD Culture’s board approved the sale of 7,500 BTC

Nasdaq-listed GD Culture announced that its board authorized the sale, exchange, or disposal of its current 7,500 BTC reserves to fund its previously announced share repurchase plan scheduled for February 18, 2026. The sale will be conducted in multiple transactions, with management executing flexibly based on the best interests of the company and shareholders. Proceeds from the sale will be used to repurchase common stock and cover related expenses, including broker commissions, fees, and taxes.

Bitcoin Treasury Company EmperyDigital: Will Not Liquidate All Bitcoin Assets Immediately

In response to major shareholders’ proposal to sell all Bitcoin and return cash to shareholders, Nasdaq-listed Bitcoin treasury company EmperyDigital issued a statement saying that the board and management have evaluated the proposal and believe that liquidating all Bitcoin assets is not in the best interests of all shareholders. Therefore, the company will not implement this plan at this stage.

The statement also noted that, although the stock price is below net asset value, the company has implemented a share repurchase plan. Regarding allegations by shareholder Tice P. Brown, the company stated that these claims are false and that ATG Capital has not communicated with the company’s directors or executives.

Representative Ethereum Treasury Companies

Bitmine bought 50,928 ETH last week, worth $98.53 million

According to Onchain Lens, Bitmine (@BitMNR) purchased 50,928 ETH last week, valued at $98.53 million. Its total holdings now amount to 4,473,587 ETH, worth $8.66 billion, with 3,040,483 ETH (about $5.88 billion) staked.

Ethereum treasury company ETHZilla rebranded as Forum Markets and shifted to an RWA digital asset platform

Nasdaq-listed Ethereum treasury company ETHZilla announced it has officially rebranded as Forum Markets and will transform into a digital asset platform. Its stock ticker will change to “FRMM” upon approval by Nasdaq, but the CUSIP number will remain unchanged. Shareholders do not need to take any action. The company plans to upgrade its strategy to build an institutional-grade platform for tokenized real-world assets (RWA) and explore tokenized investment products across various asset classes.

Intchains Group reports ETH holdings of 9,070, with a total of 2,600 ETH staked

Nasdaq-listed company Intchains Group updated its ETH holdings, revealing that as of February 23, it held 9,070 ETH, with a total investment of $23.7 million. The average purchase price was $2,611.1. It has staked 2,600 ETH, with 1,000 staked on FalconX and 1,600 on Goldshell, a staking platform acquired last year for $1.3 million.

Ethereum treasury company FG Nexus sold another 7,550 ETH, currently holding 30,094 ETH with an unrealized loss of about $82.8 million

According to Lookonchain, FG Nexus sold another 7,550 ETH, worth approximately $14.06 million. The company bought 50,770 ETH between August and September 2025 at an average price of about $3,860, with a total cost of around $196 million. On October 22, 2025, it announced plans to sell real estate to continue increasing ETH holdings. Less than a month later, it began reducing its ETH, selling 21,025 ETH at an average price of about $2,649, realizing about $55.7 million in cash.

Currently, FG Nexus holds 30,094 ETH, valued at about $57.5 million, with an accumulated unrealized loss of approximately $82.8 million.

SOL Treasury Companies

Nasdaq-listed Solana treasury company DeFi Development announced a strategic investment in stablecoin protocol Apyx, with undisclosed investment amount, aiming to establish an early position in the emerging dividend-backed stablecoin (DBS) category. Apyx’s model converts dividend streams into on-chain yields, providing a scarce income opportunity in the over $300 billion stablecoin market, aligning with the trend of digital asset treasury companies accumulating digital assets through preferred stock.

Altcoin Treasury Companies

Tron Inc. disclosed an increase of 176,081 TRX tokens, with total holdings surpassing 684 million.

On March 1, Nasdaq-listed TRX treasury company Tron Inc. announced it had purchased an additional 176,081 TRX tokens at an average price of $0.28, bringing its total TRX holdings to over 684 million.

SUI Group Financials: SUI holdings exceed 108 million and 8.8% of issued common stock repurchased

Nasdaq-listed SUI treasury company Sui Group Holdings released its 2025 full-year operational results, reporting a net loss of $221.8 million in Q4. As of February 23, its SUI token holdings increased to 108,368,594 tokens, nearly all staked. The daily staking yield is about 5,000 SUI. The company also disclosed that it has repurchased 7,801,042 shares of common stock under its previously approved $50 million buyback plan, representing 8.80% of issued common stock.