币界网报道：On May 19, 2025, Coinbase Global (COIN) was included in the S&P 500 index, and then Circle Internet Group (CRCL) was listed on the New York Stock Exchange on June 5, with an IPO price of $31. As of June 19, its stock price soared by more than 600%. As the "first stablecoin stock", Circle's USDC has become one of the most active stablecoins in DeFi and cross-border payments. At the same time, MicroStrategy (MSTR) holds more than 500,000 bitcoins with a market value of $103 billion, becoming a "quasi-ETF" target for the concept of Bitcoin in the US stock market. GameStop (GME) and Trump Media (DJT) have also announced that they will include Bitcoin in their balance sheets. In addition, companies such as SharpLink Gaming (SBET) and DeFi Development Corp (DFDV) have transformed into cryptocurrency reserve companies, among which SBET's stock price has risen by more than 650% in a single day. This series of phenomena shows that cryptocurrencies are accelerating their integration into traditional financial markets, and the "hoarding coins" model of listed companies has become a new trend.