Crypto treasury firm AVAX One announced a $40 million buyback program to repurchase common stock, signaling confidence in its balance sheet and capital allocation. The move may support the company’s share price and investor sentiment in crypto-focused equities.
A fresh macro shock pushed global risk assets lower on Nov. 14, with the S&P 500 down about 1.8% and the entire crypto market sliding in tandem. Bitcoin fell alongside equities as investors moved into a risk-off stance.
MicroStrategy's market capitalization briefly fell to about $65.34 billion, under the $66.59 billion value of its 641,692 BTC holdings, a rare gap that highlights investor caution. The divergence signals that equity investors are pricing in company-specific risks beyond on‑balance-sheet Bitcoin.
Nasdaq-listed Solana-focused treasury company HSDT said it will tokenize its shares on Superstate’s Opening Bell, a regulated onchain equities platform. The move aims to bridge traditional equity structures with crypto-native markets.

On October 7, 2025, S&P Global is launching the S&P Digital Markets 50 Index in collaboration with Dinari, combining 35 crypto-linked companies and 15 cryptocurrencies. This innovative index allows investors to access diversified exposure to digital assets and equities through dShares, reflecting growing demand for integrated decentralized financial market investments.