10xResearch: The sale of all shares by a member of the Strategy board may raise market concerns

[10x Research: The sale of all shares by a member of the Strategy board may raise market concerns] 10x Research published an analysis on the X platform regarding the publicly listed companies in the US crypto sector, noting:
1. Among the publicly listed companies deploying Bitcoin strategies, a member of the Strategy board sold all of their shares, raising market concerns about insider selling; Metaplanet's stock price surged due to a large-scale Bitcoin acquisition plan and a stock issuance, but the market is worried about equity dilution.
2. In the realm of publicly listed Bitcoin mining companies, MARA's stock price fell, possibly due to market concerns about its high short positions and equity dilution. Riot Platforms' stock price rose due to the increase in Bitcoin prices and strong production in May. Bitfarms' stock price dropped due to a lawsuit and insider selling, while Bitdeer's ongoing losses and AI diversification strategy elicited mixed reactions from investors.
3. In terms of exchanges, Coinbase's launch of new products and partnerships, including Bitcoin reward cards and Shopify integration, triggered market optimism; the release of new products by Robinhood temporarily eased market sentiment but failed to reverse the overall sluggish market mood.