Bitcoin Crash Triggers Stock Drops Across Crypto-Exposed Firms

Bitcoin’s recent drop to $74,500 has shaken both the crypto and stock markets. Triggered by renewed tariff tensions under President Donald Trump, the fall hasn’t 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 ¥88,800 each. With Bitcoin’s recent dip, the company is now 15% in the red. The pain got worse on Monday when Metaplanet’s 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 ¥87,854, but with Bitcoin down 20% this year, the company’s stock has plunged 38%. Metaplanet’s 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 company’s 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 isn’t 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 FUND’s exercise of stock acquisition rights.

Because the bonds were interest-free, the repayment is expected to have little impact on Metaplanet’s financial results for the year ending December 31, 2025.

The company recently secured ¥2.63 billion to increase its Bitcoin holdings. It added 696 BTC, bringing its total to 4,046 BTC.

This move comes as Metaplanet’s Bitcoin Income Generation business earned ¥770 million in Q1, with an impressive 95.6% return on Bitcoin for the year so far.