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Bitcoin Slump Drags Metaplanet and Semler Down, Strategy Holds Steady with 10% Gain
The cryptocurrency market has been experiencing a tumultuous period, with Bitcoin’s value plummeting to its lowest in five months. The shockwaves have had far-reaching consequences, affecting not just individual investors but also prominent companies like Metaplanet and Semler. Unfortunately for these entities, their stock prices have taken a hit as a result of this downturn.
Metaplanet, which holds an impressive 4,206 BTC purchased at approximately $88,800 each, has seen its stock value drop by a substantial 15% since the start of the year. This drastic decline can be attributed to Bitcoin’s 20% fall in value over the same period. The company’s financials have taken a hit as a result, with its stock experiencing a sharp 20% downturn on Monday alone.
Semler Scientific has also been severely impacted by this market turmoil. Having acquired BTC at an average price of $87,854, the company has witnessed a staggering 38% decline in its value since January. The 20% drop in Bitcoin’s value over the same period has further exacerbated the issue.
In stark contrast to these companies, Strategy stands out as a beacon of stability amidst this chaos. Despite Bitcoin’s dramatic downturn, the entity’s stock remains steadfast, boasting an impressive 10% gain since the start of the year. This remarkable resilience is particularly noteworthy given the prevailing market conditions.
In other news, Metaplanet Inc. has announced that it will be fully repaying its 9th Series of Ordinary Bonds worth ¥2 billion on April 4, 2025, through an early redemption. The funds for this repayment came from EVO FUND’s exercise of stock acquisition rights, as previously disclosed. It is important to note that these bonds were interest-free, and thus will have a negligible impact on Metaplanet’s financial performance for the fiscal year ending December 31, 2025.
It is worth mentioning that Metaplanet recently secured ¥2.63 billion to expand its Bitcoin holdings, effectively doubling down on crypto as a strategic asset. Furthermore, it has also bolstered its Bitcoin Income Generation business by acquiring an additional 696 BTC, bringing the total to 4,046 BTC. This expansion of its Bitcoin holdings is particularly notable given the company’s impressive Q1 performance, where its Bitcoin Income Generation arm earned ¥770 million with an astonishing 95.6% year-to-date BTC yield.
In conclusion, while Metaplanet and Semler have been severely impacted by the current market conditions, Strategy has demonstrated remarkable resilience, boasting a 10% gain despite the turmoil.
Source: https://coinpedia.org/news/bitcoin-slump-drags-metaplanet-and-semler-down-strategy-holds-steady-with-10-gain/
