Strategy, Metaplanet, and Coinbase Test Key Support

Strategy is nearing a possible breakdown below $100, while Metaplanet and Coinbase are still holding support around ¥200 and $150. That keeps these three crypto treasury stocks closely tied to Bitcoin and market sentiment.

Key Takeaways

• Strategy is back at the $100 zone and was trading near $97 on July 8, with premarket prices dipping as low as $93.
• Metaplanet held the key ¥200 area and gained 5.61% this week to ¥226.
• Coinbase has now defended the $150 zone for the fourth time since September 2024 and was trading at $163.51 on July 8.

Three of the biggest crypto treasury stocks are hitting important levels at the same time. Strategy, Metaplanet, and Coinbase are all pressing against the $100 (€88), ¥200, and $150 (€132) zones, respectively, and those levels could help decide where the group goes next.

Strategy Back at $100 (€88)

Strategy, the largest publicly traded company with Bitcoin on its balance sheet, was changing hands around $97 (€85) on July 8, after premarket trading briefly fell to $93 (€82). That puts the stock right back in the $100 (€88) area, which it broke above in February 2024. According to BitcoinTreasuries.net, the company now holds 843,775 BTC, giving it a clear lead among corporate holders.

That price zone has already played a major role before. In 2021, $100 (€88) acted as resistance, then in 2024 and early 2026 it served as support. Even so, this latest test looks weaker than the earlier pullbacks: since the all-time high of $543 (€476) in November 2024, the stock has been posting lower highs and is now down about 82%.

If the stock closes below $100 (€88) on a weekly basis, it would mark the first confirmed breakdown since the 2024 breakout. The market had already been flagging softer volume behind the recent rebound, and a partial Bitcoin sale did little to lift the shares. That also fits into the wider debate around the company’s financing setup, which comes up again in the analysis of STRC recovery as an important factor for Strategy.

Metaplanet Holds ¥200

Metaplanet is holding up a bit better for now. The stock climbed 5.61% this week to ¥226, keeping it above the important ¥200 zone. That level had capped earlier moves in July and November 2024 before later turning into support.

The bigger chart is still extremely volatile. From its mid-2024 low, Metaplanet surged about 20x to an all-time high of ¥1,930 in June 2025, then gave back roughly 88%. Its rebound attempt in January and February 2026 stalled near ¥600, which confirmed that area as the main resistance.

At the same time, the company keeps adding Bitcoin to its balance sheet and reached 43,000 BTC on July 2. For crypto stock investors, that matters because these business models tend to track Bitcoin swings much more closely than many traditional stocks do. That approach was already on display in the treasury expansion to 43,000 BTC.

Coinbase Still Looks the Strongest

Of the three, Coinbase still looks the strongest. COIN traded at $163.51 (€143) on July 8, holding the $150 (€132) zone for the fourth time since September 2024. Buyers also stepped in at that level in April 2025 and March 2026.

Unlike Strategy, Coinbase is still sitting above support rather than below it. The stock remains about 64% under its all-time high of $444.65 (€390) from July 2025, but that decline is still smaller than the drops seen in the other two names. Coinbase is also a major crypto exchange and ranks near the top among corporate Bitcoin holders.

For European crypto watchers, the setup is a reminder of how closely public companies with Bitcoin on their balance sheets move with the broader crypto market. Whether these support levels hold or break will say a lot not just about the stocks themselves, but also about confidence in the wider Bitcoin treasury trade.