Bitcoin is rebounding after customs confusion, and listed companies like Metaplanet are conducting large-scale acquisitions. The company purchased assets worth $28.2 million, which is an increase of about $2 million compared to last week.
However, despite this new confidence, Metaplanet's stock is still moving unstably. The cryptocurrency market is showing cautious optimism, but this will not lead to immediate large profits.
Bitcoin Rebound... Metaplanet Expands Purchases
Although some corporate Bitcoin whales have recently temporarily halted large purchases, the market is heating up again. Metaplanet began purchasing during last week's downturn, and Bitcoin has since been showing steady progress.
Today, CEO Simon Gerovich announced new purchases following the BTC rebound:
"Metaplanet purchased 330 BTC for approximately $28.2 million, buying at around $85,605 per Bitcoin. We achieved a 119.3% BTC return compared to the beginning of 2025. As of April 21, 2025, we hold approximately 4,855 $BTC worth about $414.5 million, purchased at around $85,386 per Bitcoin," he claimed.
Trump's tariff threats caused massive uncertainty and cryptocurrency liquidation over the past few weeks. However, since he announced a suspension, cryptocurrencies and related industry stocks have been rising.
Whales like Metaplanet and MicroStrategy immediately began purchasing Bitcoin, and the entire market is rising. The cryptocurrency Fear and Greed Index, which was recently in an extreme fear state, has significantly recovered:
The market still shows cautious optimism, and it is not a complete rally. A brief look at major cryptocurrency-related stocks provides a clearer picture.
MicroStrategy has risen more than 4% over the past 5 days and nearly 6% over the past month. This is a pillar of confidence in BTC. Metaplanet holds less Bitcoin and has dropped 1.89% over the past 5 days but has fallen more than 20% over the past 30 days.
In other words, it is difficult to clearly link Bitcoin's recent success with major holders like Metaplanet. Compare the two prominent US-based cryptocurrency miners, Marathon and Riot.
The former recovered from the slump in early April, while the latter continues to decline. Coinbase also showed a brief rally amid a continuing downward trend.
While Bitcoin adoption has increased dramatically over the past year, uncertainties about tariffs and recession remain. Metaplanet may be in an unstable situation, but confidence in Bitcoin can provide long-term stability.
