The exchange-listed companies in the coin-holding sector: the total market cap has already reached $340 billion, and since mid-August it has risen another 10%. However, it’s still a long way from the peak of $490 billion in the October/November surge last year—back then, Bitcoin was sitting at its all-time high of $126,000.
First, let’s look at the veteran players. Strategy is up 30% and Bitmine is up 27%. They’re basically moving in line with the coins they hold. In particular, since August 17th, Strategy has even outperformed Bitcoin by 10 percentage points—bigger players can still deliver.
The real showstealer is the newcomer. Beyond just holding coins, CYPH adds an ecosystem play: while accumulating ZEC, it also mines to contribute computing power to the network. It’s up 142%. PURR runs its own validation nodes and is up 62%. Meanwhile, the tracking tokens behind them—ZEC and HYPE—also rose 56% and 36% over the same period, with clearly visible gains that widened the gap.
The gameplay logic has also been upgraded. The company first issues stock to raise funds, then buys coins at a premium. Getting the coins isn’t just “lying there”—it’s putting them to work via staking, mining, and running nodes, essentially welding itself into the ecosystem. That’s like layering a company-level lever on top of the underlying tokens, which also amplifies volatility.
Put simply, the tone of this sector still depends on the underlying tokens. Buying coins at a premium sounds sexy, but when the market turns, both the company’s balance sheet and its stock price get magnified together. It’s a double-edged sword—don’t just watch one side. And from $340 billion to the peak, there’s still $150 billion missing. The mood is clearly not at the level of mania yet.
From $340 billion back up to $490 billion—how long do you think it will take to catch up with that gap? Let’s chat in the comments.
Every day, I’ll take you to track the crypto market’s hotspots—not only what’s happening in the news, but also the underlying logic and opportunities behind it 👀🚀
Tap the links below to follow me👇🏻
👉 加入小恐龙粉丝群
#上市公司囤币 #加密市场 #比特币
First, let’s look at the veteran players. Strategy is up 30% and Bitmine is up 27%. They’re basically moving in line with the coins they hold. In particular, since August 17th, Strategy has even outperformed Bitcoin by 10 percentage points—bigger players can still deliver.
The real showstealer is the newcomer. Beyond just holding coins, CYPH adds an ecosystem play: while accumulating ZEC, it also mines to contribute computing power to the network. It’s up 142%. PURR runs its own validation nodes and is up 62%. Meanwhile, the tracking tokens behind them—ZEC and HYPE—also rose 56% and 36% over the same period, with clearly visible gains that widened the gap.
The gameplay logic has also been upgraded. The company first issues stock to raise funds, then buys coins at a premium. Getting the coins isn’t just “lying there”—it’s putting them to work via staking, mining, and running nodes, essentially welding itself into the ecosystem. That’s like layering a company-level lever on top of the underlying tokens, which also amplifies volatility.
Put simply, the tone of this sector still depends on the underlying tokens. Buying coins at a premium sounds sexy, but when the market turns, both the company’s balance sheet and its stock price get magnified together. It’s a double-edged sword—don’t just watch one side. And from $340 billion to the peak, there’s still $150 billion missing. The mood is clearly not at the level of mania yet.
From $340 billion back up to $490 billion—how long do you think it will take to catch up with that gap? Let’s chat in the comments.
Every day, I’ll take you to track the crypto market’s hotspots—not only what’s happening in the news, but also the underlying logic and opportunities behind it 👀🚀
Tap the links below to follow me👇🏻
👉 加入小恐龙粉丝群
#上市公司囤币 #加密市场 #比特币
