Key Highlights:

  • Four crypto linked stocks gained between 8.11% and 10.86% on Friday, October 23, 2026, while Solowin Holdings fell 21.85%, and none announced a catalyst for the session.
  • BitFuFu held 1,388 bitcoin at the end of September, up 15, even as monthly production slipped 4.0% to 167 bitcoin.
  • Streamex has $41.8 million of liquidity and no debt, against second-quarter revenue of only $146 thousand.
  • Solowin Holdings grew fiscal 2026 revenue about 895% to $28.05 million, with AI infrastructure supplying 79% of it.
  • A 1-for-200 reverse split at Solowin Holdings is listed for October 26, 2026.

Which Crypto and Tokenization Stocks Moved on October 23, 2026?

Five small caps tied to bitcoin, tokenization or digital finance moved on Friday, October 23, 2026, and none has announced a catalyst. BitFuFu (NASDAQ:FUFU), a bitcoin miner and cloud mining operator, rose 8.28% to $1.08 with 1,388 bitcoin on its balance sheet. BitVentures (NASDAQ:BVC), a former wealth management shell that now hosts mining machines, rose 8.11% to $13.46, and Streamex (NASDAQ:STEX), a tokenized gold issuer, rose 8.31% to $0.3870. AsiaStrategy (NASDAQ:SORA), a Hong Kong watch trader with a bitcoin treasury and a tokenization memorandum, rose 10.86% to $2.45. Solowin Holdings (NASDAQ:AXG), a Hong Kong digital finance and AI computing group, fell 21.85% to $0.0590 ahead of a 1-for-200 reverse split.

BitFuFu: Can Bitcoin Holdings Offset Lower Output?

September production was 167 bitcoin against 174 in August, a decline of 4.0%, with self-mining at 98 bitcoin and cloud mining at 69. Total hashrate under management slipped to 19.4 exahash per second from 20.6, and power capacity fell to 324 megawatts from 344.

The bigger open item is an Ethiopia acquisition that has not closed. The company paid $4.1 million and placed about 13,700 machines at the site, and it says there is a material risk that closing conditions will not be met while a power supplier dispute continues. The supplier issued a 10-day notice on September 28, and the company is weighing termination, arbitration and recovery of its payments. Fleet efficiency held at 16.7 joules per terahash, and daily output stayed near 5.6 bitcoin.

BitVentures: Is the Mining Pivot Visible in the Numbers Yet?

BitVentures, formerly Santech Holdings, reported first-half fiscal 2026 revenue of $325 thousand, mostly from referral services. Net income of $4.741 million came from a $5.3 million recovery of a bank balance impairment rather than from operations.

The digital assets segment was announced on January 2, 2026, and mining began after the reporting period ended. Cash and short-term investments were about $14.2 million at December 31 (calculated), against liabilities of $24 thousand. At about 8.4 million shares after a 20-for-1 consolidation, the 52-week range runs from $6.20 to $18.20, and the annual results, the first to include mining, have no announced date.

Streamex: What Backs a Gold Token Business Under $0.40?

Streamex posted $146 thousand of gold lease income in the second quarter, the first revenue from its tokenized gold platform, alongside a net loss of $14.55 million. Its GLDY product is a yield-bearing gold-backed security, and a second offering named GLDC is planned without a launch date.

Liquidity of $41.8 million includes $15.5 million of physical gold and $6.0 million of digital assets. Monthly cash burn was $1.6 million in the second quarter, and management expects about $1.1 million in the third. The company reported no at-the-market sales in 2026, and a January offering brought in net proceeds of $37.2 million.

AsiaStrategy: How Does a Bitcoin Treasury Fit a Watch Business?

AsiaStrategy trades luxury watches in Hong Kong and moved into bitcoin treasury management, lending against digital assets and tokenization. A bitcoin-backed credit facility was announced on September 8, and a non-binding memorandum with Plume Network followed on October 1.

That memorandum would form a venture for tokenized financial products across Japan, Korea, Hong Kong, Thailand and the United Arab Emirates, and no product has launched. Trailing net income of $12.21 million is nearly the size of trailing revenue of $12.72 million, and the sources do not itemize the profit. The shares closed at $2.47 on October 14 and the 52-week range runs from $1.25 to $5.87.

Solowin Holdings: Does Rapid Growth Outweigh the Reverse Split Overhang?

Fiscal 2026 revenue reached $28.05 million from $2.82 million, with AI infrastructure at about $22.2 million and digital asset tokens near $5.6 million. Stablecoin and fiat volume was $1.04 billion, and the net loss was $13.29 million.

Funding terms are the pressure point. A September 21 prospectus supplement described a $2 million deal with discounted share issuance, and about 212.9 million shares were outstanding, giving a market value near $12.6 million (calculated). The stock is down about 97.5% over a year, and its largest one-day fall was 84.6% on September 25. The company also set a target of more than 100 megawatts of AI computing capacity by 2028.

Crypto Stocks Compared: Which Valuation and Funding Measures Stand Apart?

The four gainers rose an average of about 8.9% (calculated), and AsiaStrategy was the strongest at 10.86%. Solowin Holdings' decline sits 32.71 percentage points below that gain (calculated).

On valuation, BitVentures' roughly $113 million market value is about 7.7 times its December 31 equity of $14.636 million (calculated). Streamex's common shares alone equal about 1.08 times its $41.8 million of liquidity (calculated), and AsiaStrategy's $61.41 million market value is about 5.0 times trailing net income (calculated). Solowin Holdings sits at about 0.45 times fiscal 2026 revenue (calculated). Solowin Holdings' net loss equals about 47.4% of revenue, while Streamex's quarterly net loss is about 99.7 times its quarterly revenue (calculated).

Among the five, only Solowin Holdings and AsiaStrategy report revenue on a full-year or trailing basis, at $28.05 million and $12.72 million, so Solowin Holdings' revenue is about 2.2 times AsiaStrategy's (calculated). BitFuFu's self-mining share of September output was about 58.7% (calculated).

What to Watch Next: Which Dated Events Could Swing the Crypto Names Next?

Solowin Holdings' 1-for-200 reverse split is listed for Monday, October 26, 2026, three days after the session (calculated), and it rests on market estimates rather than a company release. BitFuFu's next operating update covers October and has no date, and the Ethiopia dispute remains open. BitVentures, Streamex and Solowin Holdings have not announced results dates, and AsiaStrategy has an earnings estimate for April 30, 2027 plus no date for definitive Plume Network terms.

Solowin Holdings fell 21.85% to $0.0590 ahead of a 1-for-200 reverse split listed for October 26.

BitFuFu held 1,388 bitcoin at the end of September 2026, up 15 from August.

No. None of the five companies has announced a catalyst for October 23, 2026.