The US stock crypto sector is heating up! Listed companies are no longer satisfied with imitating "MicroStrategy" in hoarding Bitcoin, and are now pouring their enthusiasm into popular Altcoins such as ETH, BNB, and SOL - the market frenzy has entered a new stage!
In the first phase, "Bitcoin treasury stocks" sparked attention with their soaring stock prices, but information asymmetry caused many to miss opportunities. Now, FOMO sentiment is high, and market focus has shifted to US stock companies boldly reserving diverse Altcoins - a "US Stock Altcoin Summer" is about to sweep in!
Odaily has compiled a list of multiple listed companies that have announced holding Altcoins such as ETH, BNB, SOL, TRX, and HYPE, helping readers seize the initiative.
In 2024, DeFi Technologies began implementing a crypto asset treasury plan through its subsidiary Valour. According to disclosed information, by the first quarter of 2025, in addition to holding 208.8 BTC, the company also holds 121 ETH, 14,375 SOL, 433.322 AVAX, and 1,642,703 CORE. SOL is its second-largest holding.
The company's stock price has been trending upward since June 21, with a 5-day increase of 4.73%.
Sol Strategies Inc. (Canadian Stock Code: HODL)
- Total reserves: 420,706.82 SOL (valued at approximately $83.96 million)
- Stock price (as of June 26): 2.3 Canadian dollars (approximately $1.676)
- Market capitalization: 398.47 million Canadian dollars (approximately $290 million)
Sol Strategies Inc. is a Canadian Securities Exchange listed company, formerly known as Cypherpunk Holdings Inc. The company has focused on equity investments, private equity, and infrastructure operations in the blockchain ecosystem since 2018, and was renamed Sol Strategies Inc. in September 2024.
The company has been gradually purchasing SOL since October 2024, currently holding 420,706.82 SOL (valued at approximately $83.96 million). On June 19, Sol Strategies Inc. announced that it is applying for Nasdaq listing with the code "STKE" and has submitted a 40-F form to the US SEC. If successful, Sol Strategies Inc. will become a SOL treasury company listed on both US and Canadian exchanges.
Sol Strategies Inc.'s stock price reached its peak of 6.1 Canadian dollars on January 22, 2025, and has since declined.
SOL Global Investments Corp. (Canadian Stock Code: SOL)
- Total reserves: 40,350 SOL (valued at approximately $5.9 million)
- Stock price (as of June 26): 0.075 Canadian dollars (approximately $0.0546)
- Market capitalization: 10.08 million Canadian dollars (approximately $7.34 million)
SOL Global Investments Corp. is a Canadian Securities Exchange listed investment company. Previously, its business covered a wide range of sectors including retail (fast food and hotels), agriculture, technology (focusing on clean energy and electric vehicles), and cryptocurrencies. However, in late 2024, the company announced a gradual divestment of non-blockchain assets to focus on Solana blockchain technology and token investments.
On February 4, 2025, SOL Global purchased 12,828 SOL at an average price of $192, increasing its holdings to 30,601 SOL. According to the latest data on its official website, SOL Global currently holds 40,350 SOL. The company's stock price reached its peak of $5.47 on January 20, 2025, and has since declined.
MemeStrategy (Hong Kong Stock Code: 2440)
- Total reserves: 2,440 SOL (valued at approximately $35.6 million)
- Stock price (as of June 26): 2.56 Hong Kong dollars (approximately $0.326)
- Market capitalization: 816.83 million Hong Kong dollars (approximately $104 million)
MemeStrategy is a Hong Kong-listed company, formerly known as Hao Qi Technology Holdings. Previously, the company's main business was providing data transmission and processing services, covering IoT antennas, 5G equipment and maintenance, service manufacturing, transportation, and energy industries. On April 1, 2025, Chen Zhen Cheng, co-founder of Memeland's parent company 9GAG, completed a controlling acquisition of Hao Qi Technology Holdings. On May 6, the company was renamed MemeStrategy and repositioned as Asia's first listed digital asset ecosystem enterprise.
On June 16, MemeStrategy announced the purchase of 2,440 SOL through the licensed crypto asset platform OSL Group at a price of approximately 2.9 million Hong Kong dollars (approximately $368,800), with an average transaction price of around $151.7. After the announcement, its stock price reached a high of 2.72 Hong Kong dollars on June 24, with no significant decline so far.
BNB Treasury Listed Companies
Nano Labs Ltd (US Stock Code: NA)
- Total reserves: Not disclosed
- Stock price (as of June 26): $11.35
- Market capitalization: $194.59 million
Nano Labs is a Nasdaq-listed company that has primarily been involved in designing and providing fabless integrated circuit product solutions since its establishment in 2019, while also owning businesses in Nano, iPollo, iPolloverse, and the metaverse.
On June 24, Nano Labs announced the signing of a convertible bond subscription agreement to issue convertible notes with a total principal of $500 million for its BNB reserve strategy. The company stated that its first-phase plan is to purchase $1 billion worth of BNB through convertible bonds and private placements, with a long-term goal of holding 5% to 10% of BNB's total circulating supply.
Although no purchases have been made yet, the news caused Nano Labs' stock price to surge by over 36% in a single day.
Tron Treasury Listed Companies
SRM Entertainment, Inc. (US Stock Code: SRM)
- Total reserves: Not disclosed
- Stock price (as of June 26): $8.68
- Market capitalization: $154.8 million
SRM Entertainment, Inc. is a Nasdaq-listed company established in 2022, primarily engaged in the design, manufacturing, and sales of toys, souvenirs, and plush toys. On June 16, SRM announced the signing of a Securities Purchase Agreement (SPA) to raise $100 million, which will be used to initiate a TRON token treasury strategy.
Simultaneously, the company will change its name to Tron Inc. According to SEC filings, Justin Sun's father, Sun Weike, will gain control of SRM Entertainment through a $100 million TRON token PIPE transaction. After the transaction, Sun Weike will serve as chairman of the board, and Tron executives will join the audit, compensation, and nomination committees. The company plans to hold up to $210 million in TRX as strategic assets, but has not yet begun purchasing.
Following the announcement of TRX reserves, SRM's stock rose to $8.72 on the same day and reached a peak of $11.39 on June 20, but has since declined.
Ripple Treasury Listed Companies
Trident Digital Tech Holdings Ltd. (US Stock Code: TDTH)
- Total reserves: Not disclosed
- Stock price (as of June 26): $0.233
- Market capitalization: $16.77 million
Trident Digital Tech Holdings Ltd. is a Nasdaq-listed company that previously focused on providing commercial consulting services and customized IT solutions.
On June 12, Trident announced plans to raise $500 million to establish an XRP treasury through various methods including stock issuance, strategic placement, and structured financing instruments. The plan is expected to be launched in the second half of 2025, with Chaince Securities LLC appointed as a strategic advisor. The strategy will focus on acquiring XRP tokens as long-term strategic reserves, implementing staking mechanisms to generate yields, and deeply participating in the Ripple ecosystem.
However, with no actual actions taken yet, its stock price has not shown significant fluctuations.
VivoPower International (US Stock Code: VVPR)
- Total reserves: Not disclosed
- Stock price (as of June 26): $3.67
- Market capitalization: $37.11 million
VivoPower International is a Nasdaq-listed company focusing on sustainable energy solutions, with business covering critical power services, electric vehicles, sustainable energy solutions, solar development, and corporate offices.
On May 29, VivoPower International filed with the US Securities and Exchange Commission (SEC) to raise $121 million to launch a crypto treasury asset strategy centered on XRP. This financing is led by Saudi Prince Abdulaziz bin Turki Abdulaziz Al Saud, who serves as chairman of Eleventh Holding.
However, following the announcement, the company's stock price dropped significantly on the same day.
Wellgistics Health (Stock Code: WGRX)
- Total Reserves: Not Disclosed
- Stock Price (as of June 26): $0.92
- Market Cap: $66.11 Million
Wellgistics Health is a Nasdaq-listed company primarily engaged in pharmaceutical and healthcare services, with a business portfolio including pharmacies, wholesale business, and technology departments. However, the company has been continuously losing money from 2023 to 2024, with poor operating conditions.
On May 8, Wellgistics Health announced the use of XRP as a reserve fund and real-time payment infrastructure. This XRP payment plan is supported by a $50 million Equity Line of Credit (ELOC), which can be used to further develop and release programmable liquidity and on-demand financial infrastructure, eliminating bank delays, reducing costs, and improving transparency in its national healthcare network.
However, this news did not boost its stock price.
Webus International (Stock Code: WETO)
- Total Reserves: Not Disclosed
- Stock Price (as of June 26): $2.27
- Market Cap: $49.94 Million
Webus International is a Nasdaq-listed company primarily providing commuter shuttle, custom charter, packaged tour, and other transportation services to customers. The company has been in a loss from 2022 to 2024.
On May 30, Webus International announced plans to raise up to $300 million through non-equity financing to establish XRP strategic reserves and integrate them into a global ride-hailing payment network.
Upon this news, Webus International's stock price surged to $3.30 and then began to fluctuate downward.
Hyperliquid Treasury Company
Eyenovia (Stock Code: EYEN)
- Total Reserves: 1,040,584.5 HYPE (Value of approximately $38.5 Million)
- Stock Price (as of June 26): $9.55
- Market Cap: $27.53 Million
Eyenovia is a Nasdaq-listed company that has been primarily developing ophthalmological products since 2014, including MicroProst, MicroStat, MicroTears, and MicroPine, focusing on developing micro-dosage drugs for treating presbyopia, myopia, and mydriasis. However, the company's net profit for 2024 is negative $50 million, with cash flow depleted and facing potential delisting.
On June 17, Eyenovia completed a $50 million financing and launched a HYPE token treasury strategy, becoming the first U.S. listed company to incorporate HYPE into its balance sheet. The company also plans to change its name to Hyperion DeFi, with its stock code to be updated to HYPD. Following this announcement, Eyenovia's stock price soared 134% in a single day, reaching a new high of $9.02 as of June 25.
On June 23, Eyenovia announced the completion of a $50 million private placement, purchasing 1,040,584.5 HYPE tokens at an average price of $34.
Lion Group Holding Ltd. (Stock Code: LGHL)
- Total Reserves: Not Disclosed
- Stock Price (as of June 26): $2.57
- Market Cap: $2.02 Million
Lion Group Holding Ltd. is a Nasdaq-listed company operating a securities trading platform, primarily providing futures and securities brokerage services, Contract for Difference (CFD) trading, Total Return Swap (TRS) trading, and over-the-counter stock option trading. However, the company's operations are not ideal, with continuous losses from 2020 to 2024 and tight cash flow.
On June 19, Lion Group Holding announced receiving $600 million in funding support, using HYPE as its primary reserve asset and launching a next-generation Layer 1 treasury with SOL and SUI. However, perhaps due to a lack of substantive action, the company's stock price did not significantly fluctuate after the announcement.
Conclusion
This summer, the Altcoin season might truly be coming, just in a different stock shell. Although some listed companies announcing Altcoin treasuries have experienced a round of sharp rises and falls, and these listed companies vary in quality, with some even near bankruptcy, this liquidity feast is far from over.
New asset classes and narratives are more likely to trigger a bull market. While concepts like crypto-stock conversion and crypto treasury strategies are not newly born, factors such as gradually relaxed global crypto regulation, increased traditional market acceptance of crypto, and the explosive IPO of crypto companies may finally attract traditional stock investors to "take over", potentially triggering a compliant crypto-stock bull market this summer.
