MicroStrategy’s Tokenized Stock (xStock) and Recent Crypto Developments

As of July 14, 2025, MicroStrategy’s tokenized stock (xStock) is trading at a close price of $434.133, with a 52-week high of $438.666 and a low of $373.534. The market capitalization stands at approximately $2.61 billion. Amidst these figures, several significant developments in the cryptocurrency market have emerged, particularly involving major players like MicroStrategy and SharpLink Gaming.

SharpLink Gaming’s Ethereum Holdings Surge

SharpLink Gaming has recently become the largest Ethereum (ETH) holder, surpassing the Ethereum Foundation itself. Over the past five days, the company accumulated over 60,582 ETH, resulting in $81.8 million in unrealized profits. This surge in holdings comes as ETH prices increased by 18% over the past week, breaking the $3,000 mark due to rising institutional demand. Ethereum ETFs have also seen record weekly inflows of $900 million. Following this trend, SharpLink Gaming further increased its ETH holdings by purchasing an additional 16,374 ETH, valued at $48.85 million, bringing its total to over 270,000 ETH. This positions SharpLink as the second-largest corporate holder of Ethereum, behind the Ethereum Foundation.

MicroStrategy’s Bitcoin Holdings and Market Concerns

MicroStrategy, known for its substantial Bitcoin (BTC) holdings, faces scrutiny over potential systemic risks. Holding over 597,000 BTC, equivalent to 3% of Bitcoin’s total supply, analysts express concerns that MicroStrategy’s position could pose a significant liquidation risk to the crypto market. This concern is heightened as Bitcoin reached another all-time high recently. Despite these concerns, Michael Saylor, CEO of MicroStrategy, has indicated a resumption of Bitcoin acquisitions after a brief pause, signaling confidence in the asset’s future performance.

Metaplanet’s Bitcoin Acquisition

In parallel, Metaplanet, often referred to as Japan’s MicroStrategy, has added 797 BTC to its treasury, bringing its total holdings to 16,352 BTC, valued at approximately $1.64 billion. This acquisition comes as Bitcoin prices hit new all-time highs, surpassing $121,000. Analysts predict a further 50% upside for Metaplanet’s stock, reflecting optimism in the company’s strategic Bitcoin investments.

These developments highlight the dynamic nature of the cryptocurrency market, with major players like MicroStrategy and SharpLink Gaming making significant moves in their respective digital asset strategies. As the market continues to evolve, these actions will likely influence broader market trends and investor sentiment.