U.S. stock market frenzy hoarding popular tokens like ETH, SOL, altcoin bull run about to explode

Alts are heating up! US stock companies are scrambling to hoard ETH, SOL and other Tokens, a Compliance bull run may be on the way.

The enthusiasm for the crypto sector in the US stock market has surged, and listed companies are directing their passion towards popular alts like ETH and SOL, as the market frenzy enters a new phase. Following the explosive attention on "Bitcoin treasury stocks," investors are turning their gaze towards companies boldly reserving a diverse range of alts, as the "US stock version of altcoin Summer" is about to arrive.

Ethereum Treasury Listed Companies

SharpLink Gaming (SBET)

  • Reserves: 194,000 ETH ( approximately 476 million USD )
  • Stock price: 10.28 USD
  • Market Cap: $626.12 million

SharpLink Gaming was originally a sports betting technology company that struggled to operate. In May, it announced the issuance of stocks to raise $425 million to purchase ETH, resulting in a stock price surge of 650%. By June, it had cumulatively invested $507 million to acquire 194,000 ETH, with an average cost of $2,611 per coin, currently showing a slight unrealized loss.

Siebert Financial Corp.(SIEB)

  • Reserve: Not disclosed
  • Stock price: 4.41 USD
  • Market Cap: 178.21 million USD

Siebert Financial is a bank holding company. In June, it received SEC approval to raise $100 million for the purchase of Bitcoin, Ethereum, SOL, and investments in AI technology.

Treasure Global, Inc.(TGL)

  • Reserves: Not disclosed
  • Stock price: 1.07 USD
  • Market Cap: 4.07 million USD

Treasure Global operates an e-commerce platform and is continuously losing money. In June, it announced a $100 million digital asset plan to purchase Bitcoin, Ethereum, and stablecoins to prepare for future tokenization business.

Solana Treasury Public Company

Upexi(UPXI)

  • Reserve: 679677 SOL ( approximately 9938.9 million USD )
  • Stock Price: $3.33
  • Market Cap: 126.26 million USD

Upexi was originally a consumer goods company that was continuously in the red. In April, it secured $100 million in financing, with 95% allocated to the Solana treasury, causing its stock price to surge by 600%. The company plans to fully transform its business into the crypto sector, involving mining and DeFi, among others.

DeFi Development Corp.(DFDV)

  • Reserves: 621313 SOL ( approximately 90 million USD )
  • Stock price: 18.86 USD
  • Market Cap: 278.01 million USD

DeFi Development was originally a commercial real estate fintech company. In April, it began purchasing SOL and changed its name for transformation; in June, it secured a financing limit of $5 billion to continue increasing its holdings of SOL.

DeFi Technologies(DEFT)

  • Reserves: 208.8 BTC, 14,375 SOL, 121 ETH, etc.
  • Stock price: 2.88 USD
  • Market Cap: $9.6216 million

DeFi Technologies provides traditional investors with access to the DeFi market. The crypto asset treasury plan is implemented through the sub-brand Valour, with SOL as the second largest holding.

Sol Strategies Inc.(HODL)

  • Reserve: 420706.82 SOL ( approximately 8396 million USD )
  • Stock price: 2.3 CAD
  • Market Cap: 398.47 million CAD

Sol Strategies focuses on blockchain ecosystem investments. Since October 2024, it has been buying SOL in batches and is applying for a NASDAQ listing.

SOL Global Investments Corp.(SOL)

  • Reserves: 40350 SOL ( approximately 5.9 million USD )
  • Stock Price: 0.075 CAD
  • Market Cap: 10.08 million CAD

SOL Global was originally a diversified investment company, and announced to focus on Solana investments by the end of 2024. In February 2025, they increased their holdings of SOL to 40,350 coins.

MemeStrategy(2440.HK)

  • Reserves: 2440 SOL ( approximately $356,000 )
  • Stock price: 2.56 HKD
  • Market Cap: 816.83 million HKD

MemeStrategy was originally a data service company, acquired in April by the founder of 9GAG and renamed. In June, it purchased 2,440 SOL for 2.9 million HKD.

BNB Treasury Listed Company

Nano Labs Ltd(NA)

  • Reserves: Not disclosed
  • Stock price: 11.35 USD
  • Market Cap: 194.59 million USD

Nano Labs is engaged in IC design. In June, they announced the issuance of $500 million in convertible bonds for BNB reserves, aiming to hold 5%-10% of the total circulating supply of BNB, resulting in a 36% surge in stock price.

Tron Treasury Listed Companies

SRM Entertainment, Inc.(SRM)

  • Reserve: Not disclosed
  • Stock price: 8.68 USD
  • Market Cap: $154.8 million

SRM Entertainment was originally a toy company. In June, it announced a fundraising of $100 million to launch the TRX treasury strategy and was renamed Tron Inc., with Sun Yuchen's father gaining control.

Ripple Treasury Listed Company

Trident Digital Tech Holdings Ltd.(TDTH)

  • Reserve: Not disclosed
  • Stock price: 0.233 USD
  • Market Cap: 16.77 million USD

Trident was originally an IT consulting company. In June, it announced a fundraising of $500 million to establish an XRP treasury, with plans to launch in the second half of 2025.

VivoPower International(VVPR)

  • Reserve: Not disclosed
  • Stock price: 3.67 USD
  • Market Cap: 37.11 million USD

VivoPower focuses on sustainable energy. In May, it submitted documents to the SEC, planning to raise $121 million to launch the XRP treasury strategy.

Wellgistics Health(WGRX)

  • Reserves: Not disclosed
  • Stock price: $0.92
  • Market Cap: 66.11 million USD

Wellgistics Health is a healthcare service company. In May, it announced the use of XRP as a reserve fund and payment infrastructure, securing a $50 million credit line.

Webus International(WETO)

  • Reserve: Not disclosed
  • Stock price: 2.27 USD
  • Market Cap: 49.94 million USD

Webus International provides travel services. In May, it announced raising $300 million to establish an XRP reserve and integrate it into the payment network.

Hyperliquid Treasury Company

Eyenovia(EYEN)

  • Reserve: 1040584.5 HYPE ( approximately 3850.16 million USD )
  • Stock price: 9.55 USD
  • Market Capitalization: 27.53 million USD

Eyenovia was originally an ophthalmic product development company. In June, it completed a $50 million financing to launch the HYPE treasury strategy and was renamed Hyperion DeFi, with its stock price soaring by 134%.

Lion Group Holding Ltd.(LGHL)

  • Reserves: Not disclosed
  • Stock price: 2.57 USD
  • Market Cap: 2.02 million USD

Lion Group is a securities trading platform. In June, it announced receiving $600 million in support, with HYPE as its primary reserve asset.

The altcoin season may reappear in the form of stocks. Although the quality of some companies varies, this liquidity feast is far from over. New asset classes are more likely to trigger a bull run, and with regulatory easing and increased acceptance in traditional markets, crypto concept stocks are expected to attract traditional investors; a bull market for coins and stocks under a compliance framework may be on the verge of breaking out.

U.S. stocks "altcoin season" explosion: Listed companies gamble 1 billion, compliance bull run starts this summer?

ETH2.06%
SOL5.55%
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GateUser-cff9c776vip
· 07-04 13:50
Schrödinger's bull market is coming!
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GateUser-0717ab66vip
· 07-04 12:51
What suckers can fight back? Just look at this wave.
View OriginalReply0
SeasonedInvestorvip
· 07-04 08:39
Tomorrow we will buy the dip, you all can do as you please.
View OriginalReply0
TrustlessMaximalistvip
· 07-03 13:10
Just waiting for the institutional sell in August.
View OriginalReply0
EntryPositionAnalystvip
· 07-01 15:38
Another group of suckers is about to be played.
View OriginalReply0
ShadowStakervip
· 07-01 15:37
here we go again... classic yield chasing causing network imbalances. mev will be absolutely brutal
Reply0
TokenCreatorOPvip
· 07-01 15:37
Don't buy it, bro. The bull run is still far away~
View OriginalReply0
BlockchainFoodievip
· 07-01 15:34
bullish szn smells like fresh baked altcoins in the oven rn... juicy eth getting seasoned fr
Reply0
LiquidatedAgainvip
· 07-01 15:21
Trapped again! Should I go All in this time or do a Margin Replenishment? Please teach me where the risk control points are.
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