Encryption of Corporate Stocks: An Emerging Investment Hotspot

On May 19, 2025, a certain cryptocurrency exchange platform was included in the S&P 500 index, marking the gradual entry of the encryption industry into the mainstream financial view. Subsequently, a major stablecoin issuance company went public on the New York Stock Exchange on June 5, with an IPO price of $31. As of June 19, the company’s stock price had surged over 600%, triggering the "altcoin season" in the US stock market.

Encryption company stocks are becoming a special investment hotspot: traditional investors are starting to pay attention to companies in the encryption industry, while those within the encryption circle regard these stocks as one of the barometers of market trends. This article will outline the recent popular targets among US stock encryption concept stocks.

Note: This article was written on June 19, and due to changes in the geopolitical situation, the current stock price may differ from what is stated in the article.

Concept Stocks of Stablecoins

a stablecoin issuance company

Listing Date: June 2025 | Exchange: NYSE | Market Capitalization: Approximately 42 billion USD

The company went public on June 5 on the New York Stock Exchange, becoming the first large encryption enterprise to successfully IPO after a certain cryptocurrency trading platform. The IPO was priced at $31 and doubled on the first day, reaching $199.81 as of June 19, setting a new high for the cumulative performance of US stock IPOs in recent years.

The company was founded in 2013, initially engaged in P2P payment services, and later transformed into the stablecoin sector, focusing on the issuance and management of USDC. USDC has been widely applied on multiple platforms and has become one of the mainstream stablecoins in DeFi and cross-border payments.

Against the backdrop of relevant regulatory policies being implemented, the company's stock price surge reflects the market's concentrated bets on the future value of stablecoins. Stablecoins are evolving from marginal tools to core infrastructure, with more and more enterprises adopting them as real-time payment means to replace traditional clearing systems.

a cryptocurrency trading platform

Launch Date: April 14, 2021 | Exchange: NASDAQ | Market Cap: Approximately $75 billion

The platform was established in 2012, serving over 120 million users and covering more than 100 countries. Recently, the platform's ecosystem has welcomed multiple updates: its Layer2 network has shown impressive performance; it has launched a USDC checkout feature in collaboration with an e-commerce platform; it has partnered with a credit card company to introduce encryption credit cards; and it has launched compliant perpetual contract trading in the United States.

It is worth noting that the platform is actually one of the largest beneficiaries of the stablecoin USDC. According to disclosures, the platform receives half of the remaining income from the USDC reserves.

"Bitcoin Reserve" Concept Stocks

A software company

Listing Date: June 1998 | Exchange: NASDAQ | Market Cap: Approximately $103 billion

The company was originally a provider of business intelligence software. Since August 2020, the company has begun to use Bitcoin as its main reserve asset, continuously increasing its BTC holdings through various means. By mid-2025, the company holds over 500,000 bitcoins, accounting for nearly 3% of the global Bitcoin circulation.

This strategy has made the company a "quasi-ETF" target for Bitcoin concepts in the US stock market, providing institutional investors with an indirect way to hold Bitcoin. Benefiting from the rise in Bitcoin prices, the company's stock price soared from $12 in 2020 to over $360, an increase of more than 30 times.

a game retailer

Listing Date: June 2002 | Exchange: NYSE | Market Cap: Approximately 10.5 billion USD

In February 2025, the company's CEO met with the founder of the aforementioned software company, seen as a signal for emulating the "coin hoarding" model. In March, the company announced plans to adopt Bitcoin as a reserve asset, and the stock price responded by rising 12%.

At the end of May, the company confirmed that it had purchased approximately 4,710 bitcoins worth about $513 million, officially incorporating bitcoin into its balance sheet. In June, the company completed the issuance of $2.25 billion in convertible notes to strengthen its bitcoin strategy.

( a technology media company

Listing Date: September 2021 | Exchange: NASDAQ | Market Cap: Approximately $5.1 billion

On May 27, 2025, the company suddenly announced the launch of a $2.5 billion Bitcoin treasury strategy, incorporating Bitcoin into its asset reserves. The news stimulated a short-term increase of 1.17% in Bitcoin, breaking through $112,000.

In June, the company received approval from the SEC to launch a $2.3 billion financing with approximately 50 investors, most of which will be used to purchase Bitcoin, becoming another large U.S. publicly listed company that regards Bitcoin as a strategic asset reserve.

In addition, many companies, such as a certain fitness equipment manufacturer, a certain medical company, and a certain artificial intelligence company, have also joined the ranks of Bitcoin investment, attempting to reconstruct valuation logic through "encryption reserves + capital market leverage."

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"Coin-Stock Integration" Concept Stocks

( An online gambling company

Release Date: May 1997 | Exchange: NASDAQ | Market Cap: Approximately 600 million USD

On May 27, the company offered 69.1 million shares to investors at a price of $6.15 per share, raising $425 million to purchase Ethereum as a reserve asset. After the news was announced, the stock price increased by more than 650% in a single day, with a cumulative increase of 17.56 times over three days.

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( Certain Treasury Company

Listing Date: July 2023 | Exchange: NASDAQ | Market Cap: Approximately $460 million

The company was originally a real estate financing company and transformed into a Solana treasury company in April 2025. As of the end of May, the company held 609,000 SOL, worth over $97 million. The stock price achieved a 15-fold increase from April to May.

!["Coin Stock" narrative is all about what? Sorting out the hottest encryption currency concept stocks in the US stock market])https://img-cdn.gateio.im/webp-social/moments-e23ab908d417fccb8354b51497937c04.webp###

( a digital technology company

Listing date: September 2024 | Exchange: NASDAQ | Market cap: approximately $19 million

In June 2025, the company announced plans to raise $500 million to create a large-scale XRP reserve and integrate XRP into its digital transformation services. After the news was released, the stock price fell over 50% from $0.45 to $0.2.

) A certain entertainment company

Listing Date: August 2023 | Exchange: NASDAQ | Market Cap: Approximately $190 million

On June 16, 2025, the company announced that it had secured a $100 million investment to launch its TRON token reserve strategy. At the same time, the founder of TRON was appointed as a company advisor. Following the announcement, the stock price surged over tenfold, reaching an all-time high.

Overall, the success of the stablecoin and Bitcoin reserve model has attracted more and more enterprises to participate. However, whether this model can withstand cycles and resist volatility still requires long-term market testing and the examination of enterprises' risk control capabilities.

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