Three of the largest crypto treasury stocks are simultaneously testing their most important long-term support levels amid broader market pressures. According to reports from BeInCrypto, Strategy (MSTR) trades near $100, Metaplanet hovers just above ¥200, and Coinbase (COIN) defends $150. These support levels represent the same price points where these companies previously broke out in 2024, creating a confluence of technical significance for the Bitcoin treasury trade as the cryptocurrency market faces new headwinds.
Recent regulatory filings reveal that Strategy has significantly strengthened its financial position by raising $466.7 million in cash through common stock sales, bringing its U.S. dollar reserve to $3 billion. As reported by BeInCrypto, the company maintained its Bitcoin holdings unchanged at 843,775 BTC, with the company having acquired its bitcoin for an aggregate purchase price of approximately $63.69 billion at an average price of $75,476 per bitcoin. The increased cash reserves are maintained to support dividend payments on preferred stock and interest payments on outstanding debt, providing additional financial flexibility during current market uncertainty.
As reported by BeInCrypto, Strategy leads all corporate Bitcoin holders with 843,775 BTC according to BitcoinTreasuries.net data from July 8. Metaplanet ranks third with 43,000 BTC, while Coinbase sits ninth with 16,492 BTC. The concentration of Bitcoin holdings among these three companies highlights their significant exposure to cryptocurrency market movements and their role as major institutional holders of digital assets during a period of market uncertainty.
Current market conditions show mixed responses across the three companies, with MSTR shares down 3% pre-market as bitcoin fell through the weekend to its current price of $62,800. According to BeInCrypto's analysis, MSTR traded near $97 on July 8, with premarket quotes as low as $93. The stock has returned to the $100 zone it broke out from in February 2024, which historically acted as resistance in February 2021 and November 2021 before flipping into support in April 2024, August 2024, and February 2026. Meanwhile, Metaplanet shows a slightly healthier picture, climbing 5.61% this week to ¥226 and holding above the key ¥200 zone.
According to BeInCrypto's analysis, Coinbase appears the strongest of the three crypto treasury stocks, trading at $163.51 on July 8 and defending the $150 zone for the fourth time since September 2024. Buyers previously protected this area in April 2025 and March 2026, with COIN trading about 64% below its $444.65 all-time high from July 2025. The stock has printed lower highs since the peak, but bulls must reclaim $200 to improve the outlook, while $260 marks the next major barrier. The company's position as the strongest among the three treasury stocks becomes particularly significant as the broader cryptocurrency market navigates current headwinds.
