Crypto and Stock Market Indicator | Strategy invested $90 million last week to purchase 1,142 Bitcoin; Bitmine increased holdings by 40,613 ETH last week (February 10)

Editor’s Note: For the cryptocurrency industry, the first month of 2026 has been nothing short of an industry winter, which is especially evident in the price performance of crypto concept stocks. Stocks of companies like Strategy, Bitmine, Sharplink, and Forward, involved in BTC, ETH, and SOL treasuries, have all experienced significant pullbacks; conversely, many mining concept stocks have performed well thanks to AI/HPC computing demand and large orders, though their prices are still some distance from last year’s highs. Based on current market conditions, mining stocks may continue their upward trend, with Terawulf and Cipher Mining favored by well-known investment bank analysts. Meanwhile, Jupiter Lend has listed DFDV’s liquid staking token dfdvSOL as collateral, possibly signaling a deeper integration of DeFi and traditional finance liquidity.

Below is a summary of last week’s crypto and stock market information compiled by Odaily Planet Daily, with all US stock data sourced from msx.com.

Crypto Concept Stock Insights: Mining Stocks Rose Brightly in January but Still 15% Below Last Year’s Highs

JPMorgan: Mining Stocks Outperformed BTC Significantly in January, Short-term Outlook Supported but Valuations Diverge Further

JPMorgan reports that Bitcoin mining companies performed strongly in early 2026, driven by decreased network competition and renewed enthusiasm for high-performance computing (HPC). The bank notes that the 14 US-listed Bitcoin miners and data center operators it tracks had a combined market cap of $60 billion at the end of last month, up 23% month-over-month, far exceeding the 1% gain of the S&P 500. This rally was partly fueled by news of Riot Platforms signing an HPC agreement with AMD, highlighting efforts by miners to diversify beyond Bitcoin. Facing record-low profitability after the 2024 halving, Bitcoin miners are repositioning as digital infrastructure providers, converting power-intensive mining sites into AI data centers to seek more stable, long-term revenue.

The report states that winter storms across the US in January caused average network hash rate to decline 6% MoM to 981 EH/s, with mining difficulty down 5% from December. Reduced competition helped offset weak Bitcoin prices. Analysts estimate that in January, miners earned about $42,350 per EH/s per day from block rewards, slightly higher than December, with gross profit up 24% to approximately $21,200 per EH/s. Of the 14 miners tracked by JPMorgan, 12 outperformed Bitcoin’s 4% decline in January, with IREN up 42% and Cango down 18%. The total valuation of this group remains about 15% below its October 2025 peak.

Bloomberg: Crypto Treasury Listed Companies Face Rising Selling Pressure, Potentially Triggering Market Chain Risks

Crypto asset treasury companies (DATs), which drove market rallies last year, now face increased selling pressure that could trigger systemic risks. Data shows that since Bitcoin dropped nearly 50% from its $126,000 high in October last year, the median stock price of the 150 largest DATs has fallen 62%, even more than Bitcoin. Hayden Hughes, managing partner at Tokenize Capital, analyzes that DATs with no revenue and solely reliant on accumulating crypto assets will be forced to sell holdings to sustain operations, which could undermine investor confidence in their “long-term HODL” narratives and lead to broader market sentiment contagion.

Morgan Stanley Analyst: Two Mining Companies Could Surge Over 150% Within a Year

Morgan Stanley analyst Stephen Byrd states that despite Bitcoin’s 44% decline since October, Bitcoin mining companies have gained new life as AI data centers. Byrd initiated coverage on Terawulf and Cipher Mining on Monday, expecting their stock prices to rise 159% and 158%, respectively. He notes that the core assets of these miners are power access rights, with AI firms willing to pay premiums for electricity, and that AI business economics outperform crypto mining. Terawulf has signed a 510 MW power agreement with Google, and Cipher Mining has similar deals with Amazon and others. Additionally, Byrd assigns a “hold” rating to MARA Holdings, citing its less focused AI strategy.

Weekly Update on Crypto and Stock Company Movements

Representative US-listed BTC Treasury Companies

Last week, global listed companies bought a net total of $92.83 million worth of Bitcoin, with Strategy investing $90 million to acquire 1,142 BTC, a 19.5% increase from the previous week.

According to SoSoValue data, as of 8:30 AM EST on February 9, 2026, the total net weekly Bitcoin purchases by global listed companies (excluding mining firms) amounted to $92.83 million, down 24.5% from the previous week.

Strategy (formerly MicroStrategy) announced on February 9 that it increased its holdings by $90 million (up 19.5%), acquiring 1,142 BTC at an average price of $78,815, bringing total holdings to 714,644 BTC.

Japanese listed company Metaplanet did not purchase Bitcoin last week, continuing a four-week streak of no buys.

Additionally, five other companies bought Bitcoin last week. Japanese food brand DayDayCook announced on February 5 that it invested $9.12 million to buy 105 BTC at an average price of $86,868, bringing its total to 1,888 BTC. Education platform Genius Group Limited sold 96 BTC on February 6 for $73,238 each, earning a total of $7.03 million, reducing its holdings to 84.15 BTC. Swedish health tech firm H100 invested $3 million at $66,620 per BTC, holding 1,051.05 BTC. UK Bitcoin company BHODL spent $70,000 to buy 1 BTC at $66,950, holding 161.388 BTC. French Bitcoin reserve firm Capital B invested $370,000 at $73,893 per BTC, totaling 2,828 BTC.

Canadian Bitcoin ecosystem company Metador Technologies announced a plan to issue ATM equity, raising up to approximately $21.98 million to purchase Bitcoin. Metador plans to hold 1,000 BTC by the end of 2026.

As of press time, the total Bitcoin holdings of all listed companies (excluding miners) amount to 974,480 BTC, a 0.035% increase from last week, with a current market value of about $67.36 billion, representing 4.9% of Bitcoin’s circulating market cap.

Bitcoin Treasury Company ProCap Buys Back About $135 Million in Convertible Bonds

On February 9, Nasdaq-listed Bitcoin treasury company ProCap Financial announced it repurchased approximately $135 million worth of convertible bonds. Since December 2025, the company has repurchased about 2% of its outstanding common stock. It also disclosed that its current Bitcoin holdings are approximately 5,007 BTC, with cash reserves of $72 million, and about $100 million in outstanding convertible bonds.

UK’s Largest Bitcoin Treasury Company Listed on London Stock Exchange

UK’s largest Bitcoin treasury company, Smarter Web Company, officially listed on the London Stock Exchange’s main market on February 3, with ticker SWC. Its first-day closing price was 43 pence, valuing the company at approximately £118 million. Public information shows that Smarter Web currently holds 2,674 BTC, purchased at an average price of about $111,000, making it the largest Bitcoin treasury-listed company in the UK.

ETH Treasury Company Representative

BitMine: Increased holdings by 40,613 ETH last week, total now about 4.326 million ETH

Ethereum treasury company BitMine Immersion Technologies disclosed that last week it added 40,613 ETH, with total crypto assets including 4,325,738 ETH, 192 BTC, equity in Eightco Holdings valued at $19 million, shares in Beast Industries worth $200 million, and $595 million in cash.

ETHZilla Launches RWA Token for Aircraft Engine Cash Flows

Nasdaq-listed ETHZilla (ETHZ) announced it will launch Eurus Aero Token I this week, tokenizing the monthly cash flows generated from leasing aircraft engines, providing investors with on-chain yield exposure.

The token is issued by its subsidiary ETHZilla Aerospace, backed by two commercial aircraft engines leased to a “leading American airline.” Token holders will receive monthly cash flow distributions from rental income and usage fees via ERC-20 tokens.

Supported by Peter Thiel’s Founders Fund, ETHZilla is known for its Ethereum reserve strategies but has been shifting toward tokenizing real-world assets (RWA) since last year. The company previously completed a pilot project tokenizing 95 housing loans.

As blockchain accelerates the onboarding of traditional assets, RWA is seen as one of the fastest-growing sectors. Ark Invest projects that tokenized assets could reach $11 trillion by the 2030s, from a current market size of about $22 billion.

ETHZilla Moves into Real Estate Tokenization, Secures $4.7 Million Housing Loan Deal

Ethereum treasury company ETHZilla (ETHZ) is rapidly expanding into asset tokenization, acquiring a portfolio of 95 manufacturing and modular housing loans for $4.7 million. It plans to tokenize these loans on Ethereum Layer-2 networks and issue cash flow tokens to investors via a regulated platform, Liquidity.io. The loans are secured by first liens, with an expected annualized yield of about 10%. ETHZilla Chairman and CEO McAndrew Rudisill states that this transaction is a natural extension of their tokenization strategy, as manufacturing housing loans offer stable cash flows and strong collateral, suitable for tokenization within a regulated, transparent framework.

ETHZilla Announces 1-for-5 Reverse Stock Split

Nasdaq-listed ETHZilla (ETHZ) announced a 1-for-5 reverse stock split, effective at 9:30 AM EST on February 13, 2026. After the split, every five common shares will merge into one share, with a new CUSIP number 30329Y403. Post-split, the stock will continue trading on Nasdaq under the ticker “FGNX.” Based on approximately 32.78 million shares outstanding before the split, the number of shares will reduce to about 6.55 million. Authorized common shares will decrease from 9 billion to 1.8 billion.

Bit Digital Reports Holding 155,239 ETH as of End-January, Valued Over $380 Million

On February 6, Nasdaq-listed ETH treasury company Bit Digital released an update, stating that as of January 31, it held 155,239.4 ETH, worth approximately $380.2 million, with an average purchase price of $3,045. It also disclosed that by the end of January, it had staked 138,266 ETH, earning about 344 ETH in staking rewards.

SOL Treasury Company Representative

Forward Industries: Will Take an Aggressive Approach and Consolidate Other SOL Treasury Companies if Industry Funds Tighten

Solana treasury company Forward Industries (FWDI) CIO Ryan Navi said that the current market mispricing creates potential opportunities. He noted that Forward Industries has no debt, and if industry funding becomes tight, the company will adopt an aggressive strategy to acquire other SOL treasury firms.

He disclosed that Forward Industries currently holds nearly 7 million SOL, more than the combined holdings of its top three competitors. Navi further stated that a debt-free, non-leveraged balance sheet is a core advantage in the crypto treasury market. The company will continue to allocate SOL as a long-term strategic infrastructure, not as a short-term speculative tool, without using leverage or debt.

Upexi, a Solana treasury company, to Raise $7.4 Million via Share Offering

On February 6, Nasdaq-listed Solana treasury company Upexi announced a final agreement with an institutional investor to sell and issue 6,337,000 common shares at $1.17 per share, raising $7.4 million. The net proceeds will be used for working capital, general corporate purposes, and expanding its SOL token investment strategy. AGP/Alliance Global Partners is the sole underwriter for this offering.

Jupiter Lend Lists DFDV’s Liquid Staking Token dfdvSOL as Collateral

On February 5, Jupiter’s lending platform Jupiter Lend announced that it has listed DFDV’s liquid staking token dfdvSOL as collateral, allowing users to directly lend assets on-chain and unlock liquidity from staked SOL.