10x Research: Institutional Capital Reshapes the Crypto Stock Market, Structural Changes in the Mining Company Sector

Gate News reports that on March 6, 10x Research released a report indicating that institutional capital flows and corporate balance sheet adjustments are reshaping the landscape of crypto-related stocks. Some crypto concept stocks have benefited and risen, while others have been marginalized by the market. Meanwhile, there are structural changes within the mining company sector.

Regarding individual stocks, Bitdeer Technologies (BTDR) has recently shown divergent trends: the stock price has risen above the 7-day moving average, indicating a short-term bullish signal, but remains below the 30-day moving average, with a decline of about 6.9% over the past week. The market is mainly digesting the company’s latest capital restructuring plan, which includes a $375 million convertible bond issuance and a $43.7 million stock offering. Management stated that the funds will be used to accelerate the company’s transition to high-performance computing (HPC) and AI infrastructure.

Additionally, the company has sold its remaining 943 bitcoins, fully clearing its bitcoin reserves to raise funds for data center expansion. On the operational side, bitcoin production increased by 21% month-over-month, and the deployment of SEALMINER A2 miners is progressing smoothly. In the market, Circle’s stock price rebounded over 60%, and a certain CEX recorded an increase of about 25%.