Bitcoin is recovering after tax tariff chaos, and public companies like Metaplanet are making large acquisitions. The company has purchased assets worth 28.2 million USD, increasing by nearly 2 million USD compared to the previous week.
However, despite this new confidence, Metaplanet's stock continues to operate unstably. The cryptocurrency market is showing cautious optimism, but this will not immediately translate into large profits.
Bitcoin Recovers as Metaplanet Increases Purchase Scale
Although some business Bitcoin whales have recently paused large purchase transactions, the market is heating up again. Metaplanet began buying when prices dropped last week, and Bitcoin has made steady progress since then. Today, the company's CEO, Simon Gerovich, announced a new purchase transaction as BTC recovers:
"Metaplanet has purchased 330 BTC for ~28.2 million USD at ~85,605 USD per bitcoin and has achieved a BTC yield of 119.3% since the beginning of 2025. As of 04/21/2025, we hold 4,855 $BTC purchased for ~414.5 million USD at ~85,386 USD per bitcoin," he stated.
Trump's tariff threats have caused significant uncertainty and cryptocurrency liquidation in recent weeks. However, since he announced a pause, cryptocurrencies and related stocks have surged strongly. Whales like Metaplanet and MicroStrategy immediately began buying Bitcoin, and the entire market is rising. The Crypto Fear and Greed Index, which was recently at Extreme Fear, has recovered significantly:
Crypto Fear and Greed Index. Source: AlternativeHowever, the market is showing cautious optimism, not a strong surge. A quick look at some large cryptocurrency-related stocks will provide a clearer picture.
MicroStrategy has increased by over 4% in the past five days and nearly 6% in the past month, but it is a pillar of confidence in BTC. Metaplanet, a much smaller Bitcoin investor, has only decreased by 1.89% in the past five days but over 20% in the past 30 days.
In other words, it may be difficult to clearly connect Bitcoin's recent successes with large investors like Metaplanet. Comparing two prominent US-based cryptocurrency mining companies, Marathon and Riot.
The first company recovered from the decline in early April, while the second company continues to decline. Coinbase also only has short-term increases on a continuous downward trend.
Although Bitcoin adoption has increased significantly in the past year, there is still much uncertainty about tariffs and recession. Metaplanet may be in an unstable state right now, but their confidence in Bitcoin could bring long-term stability.
