Original | Odaily
Author | Golem
Original Title: US Stock "Altcoin Season" Erupts: Listed Companies Boldly Invest 1 Billion, Will a Compliant Bull Market Begin This Summer?
The crypto sector in US stocks is heating up! Listed companies are no longer satisfied with imitating "MicroStrategy" in hoarding BTC and are now pouring enthusiasm into popular Altcoins like ETH, BNB, SOL - the market carnival has entered a whole new stage!
In the first phase, "Bitcoin Treasury Stocks" sparked attention with soaring stock prices, but information asymmetry made many miss the opportunity. Now, FOMO sentiment is high, and market focus has shifted to US stock companies boldly reserving diverse Altcoins - the "US Stock Altcoin Summer" is about to sweep in!
Odaily has compiled a list of multiple listed companies that have announced holding ETH, BNB, SOL, TRX, HYPE and other Altcoins to help readers seize the initiative. Ethereum Treasury Listed Companies
[The rest of the translation follows the same professional and accurate approach, maintaining the original structure and meaning while translating into English]The company's stock price has been on an upward trend since June 21, with a 5-day increase of 4.73%.
Sol Strategies Inc. (Canadian Stock Code: HODL)
Total reserves: 420,706.82 SOL (worth 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 listed company on the Canadian Securities Exchange, 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 purchasing SOL in batches since October 2024, currently holding 420,706.82 SOL (worth 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 a 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 (worth 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 listed investment company on the Canadian Securities Exchange. 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, at the end of 2024, the company announced a gradual divestment of non-blockchain assets, focusing 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 disclosed on its official website, SOL Global currently holds 40,350 SOL. SOL Global'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 (worth approximately $35.6)
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, its main business was providing data transmission and processing services, covering industries such as IoT antennas, 5G equipment and maintenance, service manufacturing, transportation, and energy. 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 total price of approximately 2.9 million Hong Kong dollars (about $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 engaged 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 promissory 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 placement, with a long-term goal of holding 5% to 10% of BNB's total circulating supply.
Although it has not yet begun purchasing, the news caused Nano Labs' stock price to surge, with a single-day increase of over 36%.
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 that it had signed a Securities Purchase Agreement (SPA) with a private investor 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 TRX token PIPE transaction. After the transaction, Sun Weike will serve as the 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.
After the news of TRX reserves, SRM rose to $8.72 on the same day and reached a peak of $11.39 on June 20, and 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 create 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 segments including critical power services, electric vehicles, sustainable energy solutions, solar development, and corporate offices.
On May 29, VivoPower International filed a document with the US Securities and Exchange Commission (SEC) stating plans to raise $121 million to initiate 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, the company's stock price significantly dropped on the day of the announcement.
Wellgistics Health (US Stock Code: WGRX)
Total reserves: Not disclosed
Stock price (as of June 26): $0.92
Market capitalization: $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. The company has been experiencing continuous losses from 2023 to 2024, with poor operating conditions.
On May 8, Wellgistics Health announced the use of XRP as a fund reserve 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 have a lifting effect on its stock price.
Webus International (Stock Code: WETO)
Reserve Total: Undisclosed
Stock Price (as of June 26): $2.27
Market Capitalization: $49.94 million
Webus International is a NASDAQ-listed company primarily engaged in providing commuter shuttle, custom charter, packaged tour, and other transportation services. The company has been operating at 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 an XRP strategic reserve and integrate it into its global ride-hailing payment network.
Upon the announcement, Webus International's stock price surged to $3.30 and subsequently began to fluctuate downward.
Hyperliquid Treasury Company
Eyenovia (Stock Code: EYEN)
Reserve Total: 1,040,584.5 HYPE (valued at approximately $38.5 million)
Stock Price (as of June 26): $9.55
Market Capitalization: $27.53 million
Eyenovia is a NASDAQ-listed company that has primarily focused on developing ophthalmological products since its establishment in 2014, including MicroProst, MicroStat, MicroTears, and MicroPine. The company specializes in developing micro-dosage drugs for treating presbyopia, myopia, and mydriasis. However, the company's net profit for 2024 is negative $50 million, with depleted cash flow, and is 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 and update its stock ticker 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)
Reserve Total: Undisclosed
Stock Price (as of June 26): $2.57
Market Capitalization: $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 have not been ideal, with consecutive losses from 2020 to 2024 and tight cash flow.
On June 19, Lion Group Holding announced receiving $600 million in funding support, with HYPE as its primary reserve asset, and launching a next-generation Layer 1 treasury alongside SOL and SUI. However, perhaps due to a lack of substantive action, the company's stock price did not significantly fluctuate following the announcement.
Conclusion
This summer, the Altcoin season might truly be arriving, just in a different stock shell. Although some listed companies announcing Altcoin treasuries have experienced a surge and subsequent crash, and the quality of these companies varies with some near bankruptcy, this liquidity feast is far from over.
New asset classes and narratives more easily trigger bull markets. While crypto-stock conversion and crypto treasury strategies are not entirely new concepts, with global crypto regulation gradually relaxing, increased traditional market acceptance of crypto, and the explosive IPO of crypto companies, crypto concept stocks this time are likely to genuinely attract traditional stock investors. A compliant crypto-stock bull market may erupt this summer.
