Institutional clients have sold off US stocks for the fourth consecutive week, while hedge funds and retail investors have become net buyers.
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Strategy sold over $200 million worth of BTC in a single week, while Metaplanet made its first BTC purchase in ten weeks.
According to data from SoSoValue, as of 8:00 AM Odaily on July 6, 2026, the total net purchase of Bitcoin by global listed companies (excluding mining companies) last week was $10.57 million, a decrease of 27.85% compared to the previous week. Strategy (formerly MicroStrategy) sold 1,363 bitcoins for approximately $80.8 million on June 30, at an average price of $59,256, reducing its holdings to 846,000 bitcoins; on July 5, it sold another 2,225 bitcoins for approximately $135 million, at an average price of $60,773, further reducing its holdings to 843,775 bitcoins. For the first time in 10 weeks, Japanese listed company Metaplanet announced an investment of $225 million to purchase 2,823 bitcoins at a price of $79,664, bringing its total holdings to 40,177 bitcoins. In addition, two other companies purchased Bitcoin last week. Brazilian Bitcoin company OrangeBTC announced on July 5th that it purchased 1 Bitcoin, the exact amount of which was not disclosed, bringing its total holdings to 3,897 Bitcoins. Asset management company Strive announced on July 6th that it spent $1.68 million to purchase 17.76 Bitcoins at a price of $64,761, bringing its total holdings to 19,882 Bitcoins. As of press time, the total number of Bitcoins held by listed companies worldwide (excluding mining companies) is 1,141,812, a decrease of 0.04% compared to last week. The current market value is approximately $70.3 billion, accounting for 5.7% of Bitcoin's circulating market capitalization.
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JPMorgan: Weakness in semiconductor stocks should be seen as a buying opportunity; the upward cycle is not yet nearing its end.
According to BlockBeats, on July 7th, JPMorgan strategists stated that the recent weakness in semiconductor stocks should be seen as a buying opportunity, as the chip upcycle is not yet nearing its end, and truly meaningful new supply may not appear until 2028. The bank noted that the SOX Semiconductor Index fell approximately 5.4% in the shortened trading week before the Independence Day holiday, marking its second consecutive week of decline. However, the sector rebounded rapidly on Monday, with Marvell, Broadcom, and storage-related stocks such as Western Digital and Seagate leading the gains, indicating that funds are still willing to return to the AI hardware chain. JPMorgan's view is not entirely bullish on AI concepts. The bank prefers the semiconductor and infrastructure sectors, while remaining cautious about the so-called "AI cannibalization" area—industries that may be replaced by AI, have lower prices, or have reduced profit margins. Sectors most affected include software, business services, and media. In other words, JPMorgan believes that AI will still create winners, but it may not benefit all AI-related companies; the certainty for hardware suppliers is higher in the short term than for some application and service companies.
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South Korean stocks plunge 20%, nearing a bear market; the AI boom faces the awkward situation of "the more disastrous the earnings, the steeper the decline."
According to BlockBeats, on Wednesday afternoon, July 8th, South Korean stocks extended their losses as investors reassessed the outlook for AI demand. The KOSPI index fell by more than 6% at one point, breaking below 7200 points, and has cumulatively fallen by more than 20% from its all-time high last month, poised to enter technical bear market territory. Memory chip maker SK Hynix fell by as much as 5%, and Samsung Electronics fell by 6.9%. The Korea Exchange initiated a temporary trading halt on the KOSPI index, suspending algorithmic trading. South Korean stocks were among the strongest performing markets globally this year, but their performance is highly dependent on SK Hynix and Samsung Electronics, amplifying volatility when sector sentiment weakens. Even with Samsung Electronics announcing a 19-fold surge in quarterly profits earlier this week, chip stocks continued to be under pressure. Jordan Klein, a TMT sector expert at Mizuho Securities, stated that investors overreacted to Samsung's preliminary second-quarter results. He believes this sell-off in semiconductor stocks is more a sign of waning momentum than a deterioration in fundamentals. Klein stated that excluding one-off bonus expenses, Samsung's operating profit actually significantly exceeded expectations, with its storage business implied operating margin potentially exceeding 80%. He indicated that Samsung's single-quarter operating profit has already surpassed the total of the past three years, and reacting to Samsung's stock price based solely on preliminary results is "extremely short-sighted." Meanwhile, an AI trading rotation occurred in Asian markets. Hong Kong-listed Chinese stocks rose, with the Hang Seng China Enterprises Index rising as much as 3.4%, the Hang Seng Tech Index rising over 5% intraday, Alibaba rising over 8%, and Tencent rising over 3%. Market analysts believe that funds are flowing from crowded trades focused on AI infrastructure to markets with lower valuations and more value-oriented characteristics. Reuters' report on DeepSeek's self-developed chip and The Information's report on Zhipu AI considering designing its own AI chip further fueled this rotation. (Jinshi)
Bitcoin emerged as the "most resilient" asset tonight, while US chip stocks experienced a "stock market crash," and crypto stocks followed suit, with US stocks falling across the board.
According to BlockBeats data, on July 7th, US stocks opened lower and continued to decline on Tuesday. The Nasdaq 100 fell over 2%, the Philadelphia Semiconductor Index fell over 6%, SPCX fell 5.7%, MRVL fell 10.25%, Western Digital fell 11%, SanDisk fell 13.9%, Micron fell 8.8%, and Oracle fell 4%. Bitcoin only fell nearly 1% after the US stock market opened, a drop comparable to gold. However, US cryptocurrency stocks generally fell in tandem with the broader market, with SBET falling 5.2%, GEMI falling 6.12%, CRCL falling 5.35%, MSTR falling 3.3%, and COIN falling 4%.