According to Wealth, since the beginning of this year, 184 listed companies have purchased nearly $132 billion in cryptocurrency. Some companies, such as SharpLink, announced an increase in their holdings of $425 million in Ethereum on May 27, just three days after their stock price doubled from $3 to $6. Mill City Ventures (now SUI Group Holdings) announced a $450 million Sui purchase plan in May, and their stock price tripled two days beforehand. MEI Pharma has also shown similar unusual movements. Peter Cziraki, a professor at Texas A&M University, indicated that this pattern may suggest insider trading during mergers and acquisitions. To address the risk of information leaks, some companies, such as CEA Industries, have implemented new measures to disclose stock codes to investors only after the market closes, to reduce the likelihood of premature information leaks.

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