Bitcoin News Today: Corporations Stake Futures on Bitcoin as Risks Intensify

The corporate world's bet on Bitcoin continues to intensify, with companies like MicroStrategy, Metaplanet, and Jiuzi Holdings deploying aggressive strategies to amass the cryptocurrency. These moves underscore a broader shift as firms seek to leverage Bitcoin's perceived store-of-value potential, even as credit rating agencies and analysts highlight growing risks tied to concentrated exposures.

MicroStrategy, led by Michael Saylor, remains at the forefront of this trend. The company recently added 390 Bitcoin to its holdings at an average price of $111,053 per coin, totaling $43.4 million in purchases. This brings its total Bitcoin stash to 640,808 coins, valued at approximately $73.7 billion, according to GuruFocus. Saylor has long championed Bitcoin as a corporate treasury asset, and MicroStrategy's strategy—funded through convertible debt and equity offerings—has yielded a 26% year-to-date return amid Bitcoin's 2025 rally. However, S&P Global Ratings has downgraded to B-, citing risks from its heavy Bitcoin exposure, low liquidity, and dollar-denominated debt obligations. S&P warned that a prolonged slump in Bitcoin prices could force MicroStrategy to sell assets at a discount or restructure debt, raising concerns about its ability to meet $640 million in annual preferred stock dividends.

Meanwhile, Metaplanet, Japan's largest public Bitcoin holder, has announced a ¥75 billion buyback to bolster its Bitcoin-centric strategy. The company, which holds 30,823 BTC, aims to acquire 210,000 BTC by 2027. Its buyback initiative, funded by cash reserves, credit facilities, and Bitcoin-related revenue, reflects a disciplined approach to capital efficiency amid a recent dip in its market-to-nav (mNAV) ratio to 0.88x. "The stock is undervalued relative to its Bitcoin reserves," said Adam Livingston, a Bitcoin-focused commentator, noting that Metaplanet's policy of issuing new shares only when mNAV exceeds 1.0x aims to protect shareholder value.

The trend extends beyond Silicon Valley and Tokyo. Jiuzi Holdings, a NASDAQ-listed Chinese firm, recently launched a $1 billion Bitcoin treasury by partnering with SOLV Foundation, depositing 10,000 BTC into SolvBTC.BNB for yield-generating DeFi protocols. The initiative, backed by $30 million in private placements, seeks to bridge traditional finance and decentralized markets while according to Morningstar adhering to U.S. SEC regulations. Li Tao, Jiuzi's CEO, called the partnership a "pivotal move" to position the company as a gateway for institutional Bitcoin exposure.

Despite these bold moves, critics caution against the growing risks. S&P's junk rating for MicroStrategy marks the first-ever evaluation of a Bitcoin treasury company, highlighting systemic vulnerabilities. Retail investors have already lost an estimated $17 billion chasing Bitcoin exposure through public companies like Metaplanet and MicroStrategy, according to 10x Research. Galaxy Digital's Michael Novogratz added that the "peak" for new crypto treasury firms may have passed, with the focus now shifting to sustainability and scalability.

As corporate Bitcoin holdings surpass 1 million BTC globally, the debate over their long-term viability continues. While proponents like Saylor argue that Bitcoin's inflation-hedging properties justify the risks, skeptics point to liquidity mismatches and regulatory uncertainties. For now, the race to accumulate Bitcoin shows no signs of slowing, with companies betting their futures on the cryptocurrency's next chapter.