10X Research: A Strategy board member sold all his holdings or raised market concerns

10X Research published an analysis of listed companies in the US crypto sector on the X platform, noting that:
1. Among the listed companies deploying the bitcoin strategy, a member of the Strategy board sold all his shares, causing market concerns after insiders reduced their positions; Metaplanet's share price soared after a large-scale bitcoin acquisition plan and additional shares were issued, but the market was concerned about its equity dilution.
2. In terms of listed bitcoin miners, MARA's share price fell or due to market concerns about its excessive short position and equity dilution. Riot Platforms' share price rose due to the rise in bitcoin and strong production in May. Bitfarms' share price fell due to lawsuits and insider selling. Bitdeer's continued losses and AI diversification strategy caused mixed reactions from investors.
3. On the exchange side, Coinbase triggered optimism with the launch of new products and partnerships, including bitcoin reward cards and Shopify integration; the release of Robinhood's new product temporarily eased market sentiment, but failed to reverse the sluggish market sentiment.