- Public firms now hold over 773,000 Bitcoin worth $81.45 billion, and market reactions remain mixed.
- Metaplanet stock rose by over 7,900% after revealing BTC holdings in April 2024.
- Twelve out of twenty firms saw stock declines despite adding Bitcoin to their balance sheets.
Bitcoin adoption by public companies is gaining momentum, with 20 firms now collectively holding 773,776 BTC valued at $81.45 billion. According to Lookonchain, these corporate BTC holders span multiple sectors and exchanges, but their stock performance has varied widely following the announcements.
Eight companies have recorded profit, including some with astonishing returns, but most are witnessing declining share prices. Metaplanet, a Tokyo-listed company, has registered the highest growth. Since announcing its BTC play on April 8, 2024, the firm has seen its shares soar 7,963%, taking it to 820.65 yen, compared to 10.13 yen.
MicroStrategy (MSTR) is another leading contender as it began buying Bitcoin in August 2020. It has increased in value by 2,621%, with its cost going up to $367.18 since the cost was $13.49. The company, founded by Michael Saylor, is still at the top as a corporate holder with 592,345 BTC. Boyaa and Exodus also reported huge percentage increases of 867% and 1,150%, respectively, when holding numerically lesser amounts of Bitcoin.
Tech and Gaming Stocks Struggle Despite BTC Exposure
Not all firms have benefited from their Bitcoin exposure. GameStop (GME), which reported BTC investment in May 2025, has dropped by 27%. GameStop possesses 4,710 BTC and is below its news-day price of $31.32 as it trades today at $22.82.
Also among the worst performers are Block (formerly Square), which fell 65% since October 2020, and Hut 8, which fell 41% since December 2024. NexTech Holdings recorded the highest decrease of 73%, falling to $2.14 after opening at $8.12.
Tesla, which owns 11,509 BTC, has experienced moderate returns of 21 percent since announcing BTC as the center of its December 2021 declaration. Meanwhile, Bitcoin Group SE and Semler Scientific have increased by 47.5% and 44.8%, respectively.
The trend indicates that although it has become strategic to accrue Bitcoin, it does not imply good performance in the stock market. Other operational factors seem to dominate the reaction of the market concerning BTC holdings.
Small Cap Firms Show Outsized Gains from BTC Pivot
Several smaller-cap firms have delivered exceptional returns following the disclosure of BTC plans. The Blockchain Group (ALTBG), which owns only 1,653 BTC, has gone up a mind-blowing 3,357,873% to a current price of $5.93. Similarly, Semler Scientific, holding just 4,449 BTC, rose by more than 44 percent within a month.
Boyaa, a stock listed in Hong Kong, increased its shares to HK$0.69, which is an 867 percent increase compared to its shares in January 2024, HK$0.07. These findings show that the re-rating of smaller companies with a historically low valuation can be large following the announcements of crypto-centric treasury approaches.
However, the largest loss was recorded in Microcloud Hologram (HOLO), which plunged by 89% although it had acquired 2,353 coins of BTC in March 2025. This difference in price action shows the nature of Bitcoin purchases, which can initiate volatility, yet not necessarily sustainable value.
from Crypto News: Bitcoin, Ethereum & Price Data | BlockchainReporter https://ift.tt/g4Lz8Mk
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