U.S. stock market crypto reserve stocks fell before the opening, BMNR down 6.9%, Coinbase down 11.07%, MSTR down 3.03%.

Market sentiment is low, the largest ETH holding institution BMNR has a floating loss of 61.25 million, SharpLink is considering convertible bond financing to stabilize stock prices.

However, Cemtrex bought 1 million SOL to build reserves, Metaplanet plans to issue 3.678 billion preferred shares, and the trend of listed companies hoarding coins continues.

Personal opinion, the overall decline is an opportunity, the ETH concentration rose from 2 to 3.4, and it is recommended to pay attention to treasury stocks, waiting for a rebound after the non-farm payroll report.