Public Companies Renew Bitcoin Buying Spree as BTC Approaches $90K
Public Companies Renew Interest in Bitcoin Amid Market Rebound
As Bitcoin edges closer to the $90,000 mark, public companies are once again stepping in with major acquisitions—signaling renewed confidence in the cryptocurrency market after weeks of global economic uncertainty.
Leading the charge is Tokyo-based investment firm Metaplanet, which recently purchased 330 BTC for approximately $28.2 million, at an average price of $85,605 per coin. This move marks an increase from its previous weekly purchase and brings the company’s total holdings to 4,855 BTC, valued at around $414.5 million as of April 21, 2025. Metaplanet claims a year-to-date (YTD) return on Bitcoin of 119.3%, reinforcing its long-term commitment to digital assets.
Bitcoin Climbs Back After Geopolitical Tensions
Bitcoin’s recent uptick follows a turbulent period marked by global trade uncertainty, particularly surrounding former U.S. President Donald Trump’s proposed tariff hikes. These announcements sent shockwaves through traditional and digital markets, resulting in widespread liquidations. However, with Trump’s tariff plans now on hold, investor sentiment is showing signs of cautious recovery.
This market rebound has also been mirrored in the Crypto Fear and Greed Index, which recently climbed out of “Extreme Fear” territory—a sign that investor nerves are beginning to settle.
Not All Stocks Are Riding the Wave
Despite Bitcoin’s bullish movement, the response from crypto-related public stocks has been mixed. MicroStrategy, a well-known institutional Bitcoin advocate, saw a 4% gain in the past five days and nearly 6% over the last month. On the other hand, Metaplanet’s stock dipped 1.89% this past week and has lost more than 20% over the past 30 days, highlighting the disconnect between crypto holdings and stock market performance.
Other players in the crypto space show a similar divergence. Marathon Digital Holdings, a U.S.-based Bitcoin mining firm, rebounded from early April lows, while competitor Riot Platforms continued to slide. Coinbase, the largest U.S. crypto exchange, also remains volatile—posting short-lived rallies within a longer-term downward trend.
Long-Term Confidence Amid Short-Term Uncertainty
The disparity between Bitcoin’s strong performance and the wavering confidence in related public companies points to ongoing market fragility. Concerns over potential economic downturns and lingering geopolitical threats continue to cast a shadow over the broader financial landscape.
Yet, for firms like Metaplanet, bold moves during uncertain times underscore a deeper belief in Bitcoin’s resilience and long-term value. While immediate market gains may be inconsistent, these strategic purchases reflect growing institutional faith in digital assets as a hedge against macroeconomic instability.