---
title: "U.S. stock market mid-session update: Bit Origin down 14.48%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/249798921.md"
description: "Bit Origin fell 14.48%; Palantir Tech rose 0.06%, with a transaction volume of USD 1.564 billion; Strategy fell 2.67%, with a transaction volume of USD 1.031 billion; Circle rose 0.66%, with a transaction volume of USD 817 million; SAP fell 6.10%, with a market capitalization of USD 335.6 billion"
datetime: "2025-07-23T14:23:17.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/249798921.md)
  - [en](https://longbridge.com/en/news/249798921.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/249798921.md)
generator: "portal-rs"
---

# U.S. stock market mid-session update: Bit Origin down 14.48%

**U.S. Stock Market Midday Update**

Bit Origin fell 14.48%, with increased trading volume. Based on recent important news:

1.  On July 21, Bit Origin announced the purchase of 40.54 million DOGE at an average price of $0.2466, marking the first operation of its digital asset treasury strategy, raising concerns about its financial stability and causing the stock price to drop.

2.  On July 22, Bit Origin's CEO expressed optimism about DOGE's potential in small payments, but the market questioned its strategic direction, further exacerbating stock price volatility.

3.  On July 22, increased overall uncertainty in the cryptocurrency market affected Bit Origin's investor confidence, leading to a continued decline in stock price.

**Stocks with High Trading Volume in the Industry**

Palantir rose 0.06%, with a trading volume of $1.564 billion. Based on recent important news:

1.  On July 23, Palantir's stock price rose due to a surge in AI demand, as its AI platform helps government and commercial clients achieve significant transformations.

2.  On July 22, Palantir's Rule of 40 score reached 83%, surpassing its peers, generating high investor enthusiasm.

3.  On July 21, the market held an optimistic view of Palantir's AI potential, expecting it to secure more contracts with the U.S. government.

Strategy fell 2.67%, with a trading volume of $1.031 billion. Based on recent important news:

1.  On July 22, Strategy announced the purchase of 6,220 bitcoins for $739.8 million, causing stock price fluctuations.

2.  On July 21, the Ohio Public Employees Retirement Fund increased its holdings in Strategy stock, and the market reacted positively.

3.  On July 22, Strategy planned to sell 5 million shares of preferred stock through an IPO, with funds allocated for bitcoin purchases.

Circle rose 0.66%, with a trading volume of $817 million. Based on recent key news:

1.  On July 23, Compass Point downgraded Circle's rating from neutral to sell and lowered the target price from $205 to $130, leading to an 8.8% drop in stock price.

2.  On July 22, Circle announced the launch of the Circle Gateway testnet, supporting multi-chain cross-chain access to USDC, boosting market confidence in its technological prospects.

3.  On July 21, news emerged that Ant Group would collaborate with Circle to integrate USDC into AntChain, driving up the stock price.

**Stocks with High Market Capitalization in the Industry**

SAP fell 6.10%, with a market capitalization of $335.6 billion. Based on recent important news:

1.  On July 23, SAP released its second-quarter financial report. Although earnings and revenue exceeded expectations, fluctuations in exchange rates affected future growth expectations, leading to a 3.8% drop in stock price.

2.  On July 23, Morningstar analysts pointed out that fluctuations in exchange rates could impact next year's performance, potentially causing stock price volatility.

3.  On July 23, UBS reported that SAP's cloud migration incentives improve cash flow in the short term, but will face payment pressures next year

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- [BTOG.US](https://longbridge.com/en/quote/BTOG.US.md)
- [SGRX.US](https://longbridge.com/en/quote/SGRX.US.md)

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**