According to ME News, on January 19th (UTC+8), BBX Crypto Concept Stock Information reported that global listed companies' cryptocurrency asset allocation entered a new phase of "high frequency, structured, and diversified" last week. Besides Bitcoin continuing to serve as a core reserve, the weight of ETH and Solana in corporate balance sheets has significantly increased, and capital operation methods have upgraded from simple purchases to mergers and acquisitions (M&A) and structured financing.
BTC: Mergers & Acquisitions and the Rise of Asia
The most notable features of the Bitcoin Treasury track last week were "resource integration" and "geographical diversification".
Strive, Inc. (NASDAQ: $ASST) and Semler Scientific (NASDAQ: $SMLR): Last week, they finalized a landmark merger. Strive not only received approval to acquire Semler, but also added 123 BTC to its portfolio during the week. The combined entity will hold nearly 12,800 BTC, surpassing Tesla to become the 11th largest holder globally.
Metaplanet (TSE: $3350): This Tokyo-listed company officially broke through the "10,000-unit club" threshold last week, with total holdings reaching 10,044 units, establishing its absolute dominance in the Asian market.
Genius Group (NYSE: $GNS), CIMG Inc (NASDAQ: $IMG), and Solidion Technology (NASDAQ: $STI): These small- and mid-cap stocks in the US market have been actively buying up BTC this week, totaling over 400 BTC, indicating that the "margin trading" strategy is rapidly spreading from top-tier companies to mid-tier companies.
American Bitcoin Corp. (NASDAQ: $ABTC): Announced early last week that it had acquired 261 BTC, further reinforcing its dual-engine model of "mining + holding".
CleanSpark (NASDAQ: $CLSK): A weekend announcement revealed that the company took advantage of the recent Bitcoin price pullback to purchase 100 BTC in a single transaction in the over-the-counter (OTC) market to replenish its liquidity treasury.
TeraWulf Inc. (NASDAQ: $WULF): According to an operations briefing released over the weekend, the company has revised its cash management policy, effective immediately, to retain 25% of its daily mining output as a long-term Bitcoin reserve, instead of liquidating it in full into fiat currency.
ETH: Dominance by Leading Players and Entry of Financial Institutions
Enterprise-grade Ethereum configurations showed extremely high concentration last week.
Bitmine Immersion Technologies (NYSE American: $BMNR): At its shareholder meeting, it confirmed that its holdings have exceeded 4.168 million ETH (approximately 3.45% of the global circulating supply) and announced the upcoming launch of the MAVAN staking network, aiming to monopolize the enterprise-grade ETH yield market.
DBS Bank Ltd. (SGX: $D05): This week, DBS Bank in Singapore received 2,000 ETH, indicating that traditional banks are gradually establishing direct exposure to Ethereum.
Boyaa Interactive (HKSE: $0434): Continued to implement its Web3 asset reallocation strategy, increasing its holdings by 2,000 ETH during the week, consolidating its position as the largest ETH holder in Hong Kong stocks.
Solana (SOL): Structured Finance Opens a New Path
Upexi (NASDAQ: $UPXI): Last week, it completed a $36 million convertible bond issuance agreement, which is expected to increase its SOL holdings to over 2.4 million, maintaining its position as the world's second-largest cryptocurrency. This move validates the feasibility of using Altcoin as underlying assets for financing.
Market Weekly Review
Last week was considered the "confirmation week" for the 2026 institutional bull market. The market is no longer a one-man show by Strategy (formerly MicroStrategy), but has formed a three-way balance: "BTC looks to mergers and acquisitions (Strive), ETH looks to monopolies (Bitmine), and SOL looks to leverage (Upexi)." In particular, Strive's acquisition of Semler foreshadows a wave of reshuffling in 2026 among crypto stocks, with many acquiring cryptocurrency-backed assets through equity swaps. (Source: ME)
