According to CoinMeta, as reported by BBX, over the weekend last week, amidst the intensive release of third-quarter reports for 2026, the global capital markets witnessed two distinctly opposite strategic approaches among listed companies in their dealings with crypto assets. On one hand, Strategy ( NASDAQ : $ MSTR ) achieved a record net profit of $19.53 billion in a single quarter, thanks to digital asset earnings of $20.9 billion. On the other hand, Next Technology Holding ( NXTT ) and DigitalX ( ASX : DCC ) successively announced plans to reduce their holdings and sell coins for repurchase, locking in hundreds of millions of dollars in fiat profits. In addition, Coinbase ( NASDAQ : $ COIN ) USDC saw its balance soar to $22 billion, with subscription and service revenues accounting for half of its total income. The market displayed a dual evolutionary trend: large crypto firms were leveraging fair value accounting standards to achieve extreme expansion of their balance sheets and profit statements, while smaller listed entities were actively selling off their core digital reserves at high macro levels to exchange for fiat cash and reward their traditional shareholders.