Key Highlights

  • PowerCompute (NASDAQ:PWCM) held 318.6 Bitcoin, valued at about USD 18.6 million, and cash of only USD 0.9 million at Tuesday, June 30, 2026, so its balance sheet is far more sensitive to the Bitcoin price than to cash flow.
  • Lion Group Holding (NASDAQ:LGHL) changed its American depositary share ratio twice in 2026, to about one-for-nine in July and about one-for-twenty in September, which complicates any comparison of its price with earlier quotes.
  • House of Doge Inc. (NASDAQ:HODO) reported total assets of USD 32,457,953, liabilities of USD 23,869,921 and equity of USD 8,588,032, with 84,902,985 shares outstanding as of Thursday, August 13, 2026.
  • Alpha Modus Holdings, Inc. (NASDAQ:AMOD) sold 6,304,348 shares through H.C. Wainwright & Co. for expected gross proceeds of about USD 7.25 million, intended partly to repay certain indebtedness.

PowerCompute (NASDAQ:PWCM): Bitcoin debt cleared, mining margin lower

PowerCompute (NASDAQ:PWCM), formerly LM Funding America, a company that mines Bitcoin and is building high-performance computing and artificial intelligence infrastructure, traded at USD 0.6500, up 10.92%, in pre-market trading on Tuesday, October 27, 2026. Simple arithmetic on the snapshot implies a prior close of about USD 0.59. No company-specific announcement dated on or just before that day accompanied the move. The company's release of Wednesday, September 30, 2026 stated that about USD 22.45 million of obligations to Arch were satisfied on Thursday, September 24, 2026, cutting secured debt by about 94% to about USD 1.25 million, with all Bitcoin collateral released.

The release of Friday, August 14, 2026 reported second-quarter 2026 revenue of USD 2.12 million, up 9.8% year over year, and a net loss of USD 4.6 million, against net income of USD 0.1 million a year earlier. Mining margin fell to 29.0% from 41.0%. The collateral release lowers leverage and may explain renewed interest in the shares, which is an inference. The remaining secured note matures on Thursday, December 31, 2026, and the bear reading rests on the loss, the lower margin and exposure to the Bitcoin price.

Lion Group Holding (NASDAQ:LGHL): a treasury concentrated in one token

Lion Group Holding (NASDAQ:LGHL), a financial services company whose recent releases centre on a digital asset treasury and the restructuring of Skyfame Realty, traded at USD 2.26, down 9.22%, in a pre-market snapshot on Tuesday, October 27, 2026. No company-specific announcement dated on or just before that day accompanied the move. The most recent release, dated Wednesday, September 30, 2026, stated that the company had sold all Solana and part of its Bitcoin on Tuesday, September 29, 2026 and bought about 38,102 Hyperliquid (HYPE) tokens, lifting holdings to about 232,900 tokens, valued at about USD 20.1 million.

Earlier releases gave holdings of about 195,000 tokens, valued at about USD 15.8 million on Monday, August 24, 2026. Market data show fiscal 2025 revenue of USD 7.26 million and a net loss of USD 4.96 million. The bull reading is that a treasury of about USD 20.1 million is large against annual revenue. The bear reading is that token value moves with a volatile market and that the decline appears consistent with thin liquidity and concentration in one digital asset, which is an inference. A tentative sanction hearing for the Skyfame scheme is set for Friday, November 20, 2026.

House of Doge Inc. (NASDAQ:HODO): a licence rather than a token holding

House of Doge Inc. (NASDAQ:HODO), the company that describes itself as the corporate arm and exclusive commercialisation partner of the Dogecoin Foundation under a trademark licence, traded at USD 0.0544, down 8.11%, in a pre-market snapshot on Tuesday, October 27, 2026. No company-specific announcement dated on or just before that day accompanied the move. The merger with Brag House Holdings completed on Tuesday, June 30, 2026, and the most recent releases concern a shareholder letter and the board. The decline appears consistent with thin liquidity in a low-priced share.

The quarterly report for the period ended June 30, 2026 recorded revenue of USD 38,399 and net income of USD 3,975,674, or USD 0.05 per share. Because revenue was minimal, the profit implies non-operating items, which is an inference. Cash and restricted cash fell to USD 662,499 from USD 2,836,291 at March 31, 2026, and the company held no digital assets on either date, so its Dogecoin exposure runs through the licence and the support role for 21Shares exchange-traded products. Risks include dilution and a share price far below USD 1.00.

Alpha Modus Holdings (NASDAQ:AMOD): a bitcoin narrative against going-concern doubt

Alpha Modus Holdings, Inc. (NASDAQ:AMOD), a technology and intellectual property company that develops, licenses and enforces data-driven systems for consumer engagement in physical retail, traded at USD 0.98 in the pre-market snapshot of Tuesday, October 27, 2026, a decline of 7.50%. That implies a prior close of about USD 1.06, by simple arithmetic. The company's release of Wednesday, October 21, 2026 announced a registered direct offering at USD 1.15 per share. The quote is about 14.8% below that price, which appears consistent with selling by new holders and the added share supply.

For 2025 the company reported a net loss of USD 8.0 million, against net income of USD 4.1 million in 2024, and royalty revenue of USD 7,138. Cash was USD 35,508 at March 31, 2026, with a working capital deficit of USD 5.5 million, and the filing states that substantial doubt exists about the ability to continue as a going concern. Earlier announcements referred to a transaction to add more than USD 200 million of bitcoin assets to its balance sheet, so the crypto link here is a narrative and not a reported holding.

Where Things Stand

The answer is that crypto exposure holds up only where it sits on a reported balance sheet, and even there pre-market liquidity limits the reading. PowerCompute (NASDAQ:PWCM) gained 10.92% after removing most of its Bitcoin-backed debt. Lion Group Holding (NASDAQ:LGHL) fell 9.22% with its treasury concentrated in one token. House of Doge Inc. (NASDAQ:HODO) fell 8.11% with exposure through a licence. Alpha Modus Holdings, Inc. (NASDAQ:AMOD) fell 7.50% below an offering price of USD 1.15.

The next catalysts are the Federal Reserve decision on Wednesday, October 28, 2026, which follows the rate rise to 4.00% from 3.75% on Wednesday, September 16, 2026, and the note maturity of PowerCompute on Thursday, December 31, 2026. Pre-market prices are snapshots and can change before the open at 9:30 a.m. ET, and this is not investment advice.