Bitcoin News Today: Treasury Firms Buy More BTC as Shares Plummet, Raising Survival Questions

The recent performance of crypto treasury firms has highlighted growing volatility and uncertainty in the sector, with Metaplanet, Strategy, and BitMine experiencing sharp declines in share prices despite significant Bitcoin and Ethereum holdings. Metaplanet Inc., a key player in the Japanese market, announced the purchase of an additional 136 Bitcoin at an average price of $111,666, increasing its total holdings to 20,136 BTC valued at approximately $2.08 billion. This brings the firm to 67% of its 2025 goal of 30,000 BTC and 20% of its 2026 target of 100,000 BTC. However, the company’s shares have fallen by roughly 65% since peaking in 2025, currently trading at $4.60. Despite these declines, Metaplanet recently secured shareholder approval for an $884 million capital-raising plan to address liquidity pressures.

The company’s ambitious expansion plan underscores a broader trend among public Bitcoin treasury firms, many of which are now collectively holding over 1 million BTC—approximately 5% of the circulating supply. Pranav Agarwal, an independent director at Jetking Infotrain India, noted that such accumulation creates a strong buying base for Bitcoin and could lead to significant price movements if selling pressure decreases. However, he also cautioned that a compression in Bitcoin prices close to their net asset value (NAV) could slow Metaplanet’s progress. The firm has maintained a structured debt and equity issuance strategy, which Agarwal said helps mitigate the risk of forced liquidation in the near term.

Meanwhile, Strategy remains the largest corporate holder of Bitcoin with a total of 636,505 BTC, according to Bitbo. Despite its dominant position, Strategy’s shares have also seen fluctuations, trading at $335.87 with a gain of 2.5% in the last session but still down nearly 12% year to date. The company's stock performance reflects broader investor concerns about the sustainability of crypto treasury strategies in the face of macroeconomic pressures and regulatory scrutiny. El Salvador, which has also been accumulating Bitcoin, added 21 BTC in observance of Bitcoin Day, though reports indicate the country has not made significant purchases since a $1.4 billion loan agreement in late 2024.

On the Ethereum front, BitMine Immersion Technologies has expanded its digital asset treasury, now holding over 2 million ETH in a portfolio valued at approximately $9 billion. The firm has also made a $20 million strategic investment in Eightco Holdings, which is pursuing a digital asset treasury strategy focused on Worldcoin. BitMine’s move highlights a growing trend among Ethereum-focused treasury firms to diversify their investment strategies by backing innovative blockchain projects. Despite these developments, BitMine’s shares have fallen nearly 18% in the past month, trading at $42.36.

Looking beyond individual firms, the expansion of digital asset treasury models is gaining traction in traditional financial markets, particularly in Asia. HashKey Group, a Hong Kong-based cryptocurrency firm, announced plans to launch a $500 million Digital Asset Treasury fund aimed at bridging traditional finance and crypto markets. The fund will focus on Ethereum and Bitcoin while supporting broader ecosystem growth through capital investment and liquidity provision. HashKey’s chairman, Dr. Xiao Feng, emphasized the strategic importance of DAT in connecting institutional investors with on-chain assets, especially as regulatory clarity improves globally.

These developments suggest that while crypto treasury firms are making significant strides in asset accumulation, investor sentiment remains cautious. Share price declines and capital-raising efforts highlight the challenges these companies face in sustaining growth amid market volatility and regulatory uncertainty. As the sector continues to evolve, the success of these firms may increasingly depend on their ability to navigate both macroeconomic headwinds and the structural challenges of integrating digital assets into traditional financial systems.

Source:

[1] Metaplanet Acquires 136 More Bitcoin as It Races Toward ... (https://finance.yahoo.com/news/metaplanet-acquires-136-more-bitcoin-065656641.html)

[2] Metaplanet, El Salvador add Bitcoin as sentiment shifts ... (https://cointelegraph.com/news/metaplanet-el-salvador-bitcoin-purchase-2025)

[3] BitMine Widens Ethereum Treasury Lead as ETH Stash Hits ... (https://finance.yahoo.com/news/bitmine-widens-ethereum-treasury-lead-144750614.html)

[4] Hong Kong crypto firm HashKey plans $500 million treasury ... (https://blockchaintechnology-news.com/news/hong-kong-crypto-firm-hashkey-plans-500-million-treasury-fund/)