Public Companies Are Buying Bitcoin Again as BTC Nears $90,000

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Ah, the grand circus of Bitcoin, limping back on stage after the tariff tempest! Public companies like Metaplanet, with all the grace of a stubborn bear, stomp into the arena, clutching $28.2 million worth of digital magic — a meager $2 million bump from last week. Bravo, heroes of finance! 🎪💸

Yet, dear reader, don’t break out the champagne just yet. Metaplanet’s stock dances precariously on the edge of chaos, teetering like a drunk poet on a street corner. The crypto crowd whispers hopeful nothings; but riches? Patience, or maybe a miracle, is required.

When Bitcoin Dips, Metaplanet Grabs Its Wallet (Again)

The mighty whales of corporate Bitcoin, briefly distracted by shiny things or existential dread, paused their greedy charges. But now the hunt resumes! Metaplanet, eyes gleaming with the glint of digital gold, has been snagging coins during the dip. CEO Simon Gerovich, ever the optimist, boomed:

“Metaplanet snapped up 330 BTC for ~$28.2 million at ~$85,605 per bitcoin, boasting a BTC Yield of 119.3% YTD 2025. As of 4/21/2025, we hoard 4855 $BTC for ~$414.5 million at ~$85,386 each.” Quite the hoarder’s brag, no? 🐋📈

Meanwhile, Trump’s tariff tantrums sent crypto on a rollercoaster worthy of a nightmare carnival. Luckily, the madman pressed pause, and suddenly everyone’s smacking lips over crypto like it’s the last slice of borscht. Whales like Metaplanet and MicroStrategy slipped back into the pool, causing the market to stir from its slumber.

The Crypto Fear and Greed Index? It wailed in Extreme Fear, but now it’s just mildly paranoid:

But don’t mistake grins for full-blown victory laps. The market’s smiling politely, hiding a poker face of caution. Look at the big players: MicroStrategy waltzed up 4% in five days, a rounded 6% in a month—a fortress of confidence (or delusion). Metaplanet, by contrast, stumbled 1.89% in five days and tumbled over 20% in thirty. Oops!

In layman’s terms: Bitcoin’s recent boost isn’t exactly signing Metaplanet’s paycheck with a flourish. Let’s peek at two gladiators of crypto mining—Marathon and Riot. The former shook off early April’s blues; the latter just kept sinking into the abyss. Coinbase joins the sad parade, waving a flag of brief rallies while slowly slipping downhill.

Bitcoin’s adoption may be the roaring beast of the year, but the dark clouds of tariffs and recession still loom like an ominous wolf. Metaplanet may wobble, stumble, and generally look like it’s had one too many kvass shots, yet in their madness lies a strange hope—a beacon flickering in the fog of uncertain fortunes.

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2025-04-21 20:56