Encryption of corporate stocks has become a new investment hotspot

Recently, stocks of cryptocurrency-related companies have gradually become a special investment hotspot. Traditional market investors have begun to pay attention to companies in the encryption industry, while insiders in the encryption circle view the price fluctuations of these stocks as one of the indicators of market trends. This article will outline the cryptocurrency concept stocks that have attracted significant attention in the recent U.S. stock market.

Stablecoin Concept Stocks

Circle Internet Group (CRCL)

Circle went public on the NYSE in June 2025, with an IPO price of $31. As of June 19, the stock price has soared to $199.81, an increase of over 600%, setting a new record for IPO performance in the US stock market in recent years.

Circle was established in 2013, initially focusing on P2P payment applications. In 2018, it began to transition to a stablecoin business and collaborated with a trading platform to issue USDC. Currently, USDC is widely used on multiple platforms and has become one of the most active stablecoins in DeFi and cross-border payments.

The surge in Circle's stock price reflects the market's optimism about the prospects of the stablecoin industry. Against the backdrop of gradually clarifying regulatory policies, stablecoins are evolving from marginal tools to core infrastructure. Circle continues to expand application scenarios in multiple directions such as global cross-border clearing and on-chain settlement, and is expected to play an important role in the new generation of global payment systems.

Coinbase Global (COIN)

Coinbase went public on NASDAQ in April 2021, with a current market cap of approximately $75 billion. As a leading encryption trading platform, Coinbase serves over 120 million users across more than 100 countries.

Recently, the Coinbase ecosystem has welcomed several important updates: its Layer 2 network Base has performed impressively; it has launched a USDC commercial payment function; co-issued an encryption credit card; and introduced compliant perpetual contract trading, among other things. In addition, Coinbase also holds equity in Circle, obtaining considerable returns from USDC reserves.

"Bitcoin Reserve" Concept Stocks

MicroStrategy (MSTR)

MicroStrategy has been using Bitcoin as its primary reserve asset since August 2020. By mid-2025, the company had accumulated over 500,000 Bitcoins, accounting for nearly 3% of the global circulating supply. This strategy has made MSTR a "quasi-Bitcoin ETF" in the U.S. stock market, providing institutional investors with an indirect way to hold Bitcoin.

Benefiting from the rise in Bitcoin prices, MSTR's stock price surged from $12 in 2020 to over $360, an increase of more than 30 times. MicroStrategy's model has triggered a chain reaction, with more and more companies beginning to follow suit by incorporating Bitcoin into their balance sheets.

GameStop (GME)

GameStop announced in March 2025 that it would adopt Bitcoin as a reserve asset and confirmed the purchase of approximately 4,710 Bitcoins in May. In June, the company completed a $2.25 billion convertible note issuance to increase its investment in Bitcoin.

Trump Media & Technology Group (DJT)

In May 2025, DJT announced the launch of a $2.5 billion Bitcoin reserve strategy. In June, the company received SEC approval to raise $2.3 billion, most of which will be used to purchase Bitcoin.

In addition, many companies such as Interactive Strength, Semler Scientific, and Genius Group have also joined the ranks of Bitcoin investors, incorporating encryption assets into their reserve systems.

"Coin-Stock Integration" Concept

SharpLink Gaming (SBET)

SharpLink Gaming announced in May that it would issue stock to raise $425 million to purchase Ethereum as a reserve asset. After the news was released, the SBET stock price surged 17 times in the short term but then fell sharply.

DeFi Development Corp (DFDV)

The original real estate financing company DeFi Development Corp transitioned to a Solana treasury company in April 2025. By the end of May, the company held 600,000 SOL, worth nearly $100 million. The stock price experienced several times increase in the short term.

Trident Digital Tech Holdings (TDTH)

TDTH announced plans to raise $500 million to create an XRP reserve and integrate XRP into its digital transformation services. Following the announcement, the stock price experienced a significant decline.

SRM Entertainment (SRM)

SRM announced that it has received a $100 million investment to launch the TRON token reserve strategy and will go public on NASDAQ through a reverse merger with TRON. After the announcement, SRM's stock price surged more than 10 times in a short period.

Overall, the success of Circle and MicroStrategy has shown the market the growth potential of stablecoins and encryption asset reserve models. More and more companies are starting to build new financial strategies around encryption assets. However, the long-term sustainability of this model still needs to be tested by the market.