
Bitcoin's price drop following tariff concerns negatively impacted companies holding significant amounts of it.
Strategy remains profitable despite the Bitcoin dip due to its large and early investment.
Metaplanet is expanding its Bitcoin holdings despite recent losses and has repaid its bonds.
Bitcoinโs recent drop to $74,500 has shaken both the crypto and stock markets. Triggered by renewed tariff tensions under President Donald Trump, the fall hasnโt just affected individual investors – companies like Metaplanet and Semler Scientific, with large Bitcoin holdings, have also seen their stock prices take a hit.
Bitcoin has now fallen 33% from its January high, reaching its lowest point in five months. The decline has put pressure on major corporate holders like MicroStrategy. The company spent $35.6 billion buying Bitcoin and currently holds an unrealized gain of about $3.9 billion – not a huge cushion if prices keep sliding.
Crypto Whales Hurt Bad?
As of April 2, Metaplanet holds 4,206 BTC, purchased at an average price of ยฅ88,800 each. With Bitcoinโs recent dip, the company is now 15% in the red. The pain got worse on Monday when Metaplanetโs stock dropped 20% in a single day, raising concerns about its crypto-heavy strategy.
Semler Also Feels the Heat
Semler Scientific is facing similar trouble. It bought Bitcoin at an average price of ยฅ87,854, but with Bitcoin down 20% this year, the companyโs stock has plunged 38%. Metaplanetโs stock is down 15%, while MicroStrategy has only seen a small 2% decline.
Strategy Holds Strong Despite Market Drop
Strategy still holds a massive 528,185 BTC, currently worth about $39.5 billion. The companyโs average purchase price is $67,458 per coin, so it remains in profit. According to CoinDesk Research, even if Bitcoin drops below their average cost, Strategy isnโt facing any risk of liquidation. Its stock continues to trade at a premium – almost double the value of its Bitcoin holdings.
Metaplanet Clears Debt, Eyes More Bitcoin
On April 4, 2025, Metaplanet announced it had fully repaid its 9th Series of Ordinary Bonds, worth 2 billion JPY, through early redemption. This followed a partial repayment of 1.5 billion JPY on March 27. The money for both repayments came from EVO FUNDโs exercise of stock acquisition rights.
Because the bonds were interest-free, the repayment is expected to have little impact on Metaplanetโs financial results for the year ending December 31, 2025.
The company recently secured ยฅ2.63 billion to increase its Bitcoin holdings. It added 696 BTC, bringing its total to 4,046 BTC.
This move comes as Metaplanetโs Bitcoin Income Generation business earned ยฅ770 million in Q1, with an impressive 95.6% return on Bitcoin for the year so far.