[CryptoStock] Despite Bitcoin and Ethereum correction, Tesla and Block rise... Strategy and mining stocks adjust

Source: BlockMedia Original Title: [Crypto Stocks] Despite Bitcoin and Ethereum Corrections, Tesla and Block Rise…Strategy and Mining Stocks Adjust Original Link: As Bitcoin and Ethereum prices undergo simultaneous corrections, stocks related to digital assets show divergent trends depending on each company’s strategy. Despite the decline in spot prices, some Bitcoin treasury holdings like Tesla and Block continued to rise, while Strategy and recently surging mining stocks experienced corrections amid profit-taking pressures.

On the 22nd(local time), the Dow Jones Industrial Average closed up 0.63% at 49,384.01, and the S&P 500 and Nasdaq indices rose by 0.55% and 0.91%, respectively, marking two consecutive days of gains. This reflects a easing of geopolitical uncertainty, as President Trump’s comments on withdrawing tariffs in Europe and the proposed framework for Greenland negotiations reduced risk aversion, leading to increased buying across risk assets.

Even within this positive atmosphere, crypto-related stocks did not follow a single trend. The total market capitalization of the global crypto stock sector was approximately $1.8813 trillion, up 2.31% for the day. However, sector-wise temperature differences remained significant.

Among BTC treasury holdings, Tesla(TSLA) maintained its position as the largest crypto stock by market cap, rising over 4%. Block(Block·XYZ) also recorded around a 2% increase, showing relative stability even during the Bitcoin price correction phase. Market analysts suggest that both stocks benefit not only from Bitcoin exposure but also from cash flows generated from their core businesses and diversified portfolios, which help defend their stock prices.

Conversely, the flagship BTC treasury stock, MicroStrategy(MSTR), declined by 1.7%, showing a contrasting trend compared to other treasury stocks. This is attributed to high sensitivity to Bitcoin price volatility and profit-taking sales exerting downward pressure on the stock. The market notes that since Strategy has a strong ‘leverage Bitcoin’ characteristic, its volatility tends to be more pronounced even during risk asset rebounds.

Recently strong-performing mining stocks also entered a correction phase. Major miners such as IREN(IREN), Riot(RIOT), Hut8(HUT), and WULF(WULF) all closed lower. The decline is attributed to Bitcoin falling below $90,000, and concerns over mining difficulty and cost structures resurfacing, leading to concentrated profit-taking. Notably, stocks that surged sharply in a short period experienced relatively larger declines.

The sharp drop in Ethereum prices also impacted ETH treasury stocks and related sectors. Ethereum fell into the high 2% range daily, dropping below the $3,000 mark, while the ETH treasury sector declined by mid-1%. Concerns over the sustainability of Ethereum network activity rebound after the upgrade also affected investor sentiment.

However, within the treasury sector, strategic moves continue. Bitmain(BMNR) recently added over $100 million worth of Ethereum in the past 24 hours, and the accumulated staking amount has rapidly increased since early this week. Additionally, DDC Enterprise added 200 BTC to its holdings, continuing its treasury expansion strategy. Market observers note that treasury strategies are increasingly diversifying from single assets to include BTC, ETH, and some altcoins.

Meanwhile, a digital asset custody firm listed on the New York Stock Exchange saw its first trading day close with a 25% surge, marking a successful debut. However, market attention appears to be more focused on Bitcoin and Ethereum price trends, as well as company-specific strategies and stock differentiation among existing crypto-related stocks, rather than individual IPO issues.

Despite corrections in Bitcoin and Ethereum, the crypto stock market clearly shows a differentiation between stocks like Tesla and Block, which combine core business and treasury strategies, and those like Strategy and mining stocks, which are more sensitive to price movements. Market analysts suggest that as short-term price volatility continues, crypto-related stocks are likely to see more selective movements based on asset composition and corporate structure.