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The world’s largest credit rating agency, S&P Global, recently released a report highlighting the strong demand for Bitcoin ETFs and other crypto ETFs since their launch last year. This comes as these crypto funds continue to witness massive inflows, with BlackRock’s IBIT leading the way. S&P Global Highlights Demand For Bitcoin ETFs In a research
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TradFi’s relationship with Bitcoin continues to evolve, with 34 public corporations now holding a combined 699,387 BTC—worth over $72 billion. MicroStrategy remains the undisputed leader, holding 555,450 BTC alone.
While some view Bitcoin treasury strategies as bullish catalysts, the data tells a more nuanced story: adding BTC to a balance sheet isn’t a guaranteed stock booster. Outliers like Metaplanet have surged over 3,000% since their BTC entry, but many others have seen far more modest gains, or even declines.
Metaplanet is a Japanese public company that has quickly transformed from a traditional business—formerly involved in hotel operations—into one of Asia’s most aggressive Bitcoin-focused firms. Its transformation shows how some TradFi players are reshaping their models around digital assets.
Since launching its Bitcoin Income Generation strategy in late 2024, the company has pivoted sharply toward crypto, with 88% of its Q1 FY2025 revenue—¥770 million ($5.2 million)—coming from Bitcoin option premium harvesting.
Metaplanet first added Bitcoin to its balance sheet in April 2024 and now holds 5,555 BTC worth approximately $576.8 million. Since that initial move, the company’s stock has soared over 3,000%, with recent filings showing a 15x increase in share price year-to-date.
The firm’s aggressive BTC accumulation strategy—targeting 10,000 BTC by year-end—has drawn growing investor interest, expanding its shareholder base by 500% in a year.
Despite short-term valuation losses due to Bitcoin price fluctuations, Metaplanet reported ¥13.5 billion in unrealized BTC gains as of May 12, signaling strong confidence in its long-term crypto positioning.
Nexon, a major Japanese gaming company behind global hits like Dungeon&Fighter and MapleStory, added Bitcoin to its balance sheet in April 2021 and currently holds 1,717 BTC—worth approximately $178.3 million.
Despite this sizable allocation, the move hasn’t paid off in terms of market performance, as Nexon’s stock is down nearly 29% since the purchase, showing how, for many TradFi firms, crypto exposure doesn’t necessarily translate into equity gains.
Unlike other firms that saw major investor enthusiasm from Bitcoin exposure, Nexon’s value remains more closely tied to the performance of its gaming franchises.
In its Q1 2025 earnings report, Nexon reported revenue of ¥113.9 billion, up 5% year over year, and operating income jumping 43% to ¥41.6 billion, driven by strong performance from core titles and lower costs.
Semler Scientific made its first Bitcoin purchase in May 2024 and currently holds 1,273 BTC, valued at approximately $132.2 million.
Since adopting Bitcoin as its primary treasury reserve asset, the company’s stock has climbed over 55%.
While smaller in scale compared to top crypto treasury holders, Semler’s aggressive accumulation and performance have positioned it as a notable player in the Bitcoin corporate adoption narrative.
In its Q1 2025 earnings call, Semler Scientific reported a mixed performance. Revenue dropped 44% year-over-year to $8.8 million, driven by declines in its healthcare segment, while operating losses widened to $31.1 million amid $39.9 million in expenses.
A net loss of $64.7 million was largely due to an unrealized loss of $41.8 million from Bitcoin price fluctuations.
Despite these setbacks, the company reaffirmed its commitment to expanding its BTC holdings through a $500 million ATM program and a $100 million convertible note.
Tesla, led by Elon Musk, has had a complex and headline-grabbing relationship with Bitcoin since adding it to its balance sheet in January 2021.
Musk, a long-time crypto enthusiast, has influenced market sentiment through both Tesla’s actions and his personal commentary on digital assets like BTC and Dogecoin. Tesla’s stock is up 34% since that initial Bitcoin buy, but the path has been volatile—peaking near $480 in late 2024 before collapsing below $107 in early 2023.
Despite the swings, Musk’s Bitcoin advocacy and Tesla’s early crypto exposure helped position the company as a bellwether for institutional adoption of crypto. Its journey reflects the volatility and complexity of crypto exposure within large TradFi companies, as BTC is up 212% in the same period.
In its latest Q1 2025 earnings, however, Tesla posted disappointing results. Automotive revenue dropped 20% year-over-year to $14 billion, dragging total revenue down 9% to $19.34 billion, well below Wall Street estimates.
Net income plummeted 71% to $409 million, and operating margin collapsed to 2.1% as production upgrades, price cuts, and political uncertainty—including rising tariffs—weighed heavily on performance.
Amid declining deliveries and intensifying global competition, Tesla highlighted progress in energy storage and AI infrastructure.
Still, with shares down 41% year-to-date and Musk’s growing political involvement drawing further scrutiny, investors remain cautious as the company prepares for a potential robotaxi launch in June.
Block Inc., co-founded by Jack Dorsey, added Bitcoin to its balance sheet in October 2022 and currently holds 8,485 BTC, worth approximately $881 million.
Known for its early embrace of Bitcoin and crypto integration through Cash App, Block has positioned itself as one of the most prominent corporate Bitcoin holders.
Since its initial BTC acquisition, the stock has risen just 3.8%, reflecting a turbulent journey, peaking above $100 in December 2024, but also dropping to around $38.5 in November 2023 amid broader tech sector volatility and macroeconomic headwinds for TradFi.
Block’s Q1 2025 earnings revealed a mixed picture. The company missed both revenue and profit expectations, posting $5.77 billion in revenue versus the $6.2 billion expected.
Despite a 9% rise in gross profit to $2.29 billion, guidance for the rest of the year was cut due to macro uncertainty, including the impact of new tariffs.
Cash App’s gross profit rose 10% to $1.38 billion, thanks to the launch of Afterpay’s buy-now-pay-later feature and the expansion of its lending program under FDIC approval.
However, gross payment volume increased, and international exposure now accounts for 18% of the total volume.
While Block posted its most profitable quarter to date, shares are down 31% year-to-date, and investors remain cautious as the company prepares to deliver its first Bitcoin mining chips later this year.
The post TradFi Stocks Show Bitcoin Exposure Is Not a Silver Bullet appeared first on BeInCrypto.
The crypto market trades in the green today, April 21, with Bitcoin price clinching a three-week high above $87,000, pulling top altcoins up. However, despite the gains, macroeconomic fears still linger due to the ongoing US tariffs, with Japan’s recent refusal to concede on all US demands sparking marking anxiety. Traders are now looking for altcoins to sell to minimize the likelihood of making losses if any deal between the US and Japan on tariffs falls through.
The deal between Japan and the US on tariffs may be on the verge of hitting a dead end, causing investors to look for altcoins to sell. Japan’s Prime Minister Shigeru Ishiba has stated that the country will not keep conceding to US tariffs to US demands on tariffs, suggesting that the negotiations might hit a dead end.
At the same time, Fox Business reporter Charles Gasparino has stated that while there was “progress” in the ongoing trade deal talks with Japan, this tariff deal was not imminent, suggesting a slight chance that the talks may fail.
Additionally, the level of market uncertainty has seen the price of gold surge past $3,400 for the first time in history. Meanwhile, the US dollar index has fallen to 98, its lowest level in over three years. These macroeconomic headwinds make it a perfect time for traders to sell altcoins and book profits before the downtrend progresses.
The four altcoins that investors should consider to sell now and Pi Network (PI), Mantra (OM), Polygon (POL), and Official Trump (TRUMP). These altcoins have stood out because of their bearish technical outlook and the lack of strong fundamentals.
Pi Network is one of the top altcoins to sell because of its bearish technical outlook as well as a lack of strong catalysts to support a recovery. At the same time, the ongoing PI token unlocks suggest that this altcoin might be on the verge of a downtrend despite attempts by the team to buy back the unlocked coins.
The hourly chart shows that the Pi Network price has stumbled and fallen to the lower Bollinger band. This signals that Pi Coin might fall to the 1.618 Fibonacci level of $0.47, which might put the altcoin on the path to reaching all-time lows.
The other top altcoin to sell is Polygon (POL). Analyst Andrew Griffiths has shared a bearish Polygon price prediction, suggesting that this altcoin might plunge significantly. In his analysis, Griffiths noted that POL price was approaching a key resistance level near the 200-day EMA.
This analyst further noted that whale activity linked to Polygon was dropping, which further suggests that the altcoin might decline in price. Considering these bearish factors, Polygon is one of the top altcoins to sell now to avoid losses.
The other altcoin to sell is TRUMP, which is one of the meme coins associated with the US President. Data from Coinglass shows that TRUMP funding rates have flipped negative, which is an indication that short sellers are opening bets that this meme coin will record a massive decline. This is a bearish outlook for the TRUMP meme coin, which is why traders might decide to sell now to avoid losses.
Most crypto traders have been looking to sell the Mantra altcoin after the recent crash in this token tainted investor confidence. Despite efforts by the team to return this confidence through initiatives such as burning the tokens held by the team, this altcoin continues to plunge. If there is no fresh support from buyers to support a recovery, the altcoin is facing a bearish Mantra price prediction, making now an ideal time to sell.
The crypto market is on the verge of volatility amid reports that the tariff deal between the US and Japan is on shaky grounds, with the latter saying it will not concede to all demands. Due to the ongoing uncertainty, crypto traders are looking for the top altcoins to sell to avoid making losses if the market conditions flip bearish again.
The post 4 Altcoins to Sell As Japan Refuses to Concede to US Tariff Demands appeared first on CoinGape.
Bitcoin bull and BitMEX co-founder Arthur Hayes has shared that Bitcoin’s dominance in the cryptocurrency market will continue to rise. The BitMEX co-founder revealed in a recent tweet that he has been avoiding altcoin investments despite their decreasing prices.
Arthur Hayes has taken a clear stance on the current market situation. He is actively adding to his Bitcoin position while avoiding altcoin investments. Hayes also spoke about a potential interest rate cut in the U.S. and explained how it could happen in one of his recent tweets.
In his recent tweet, the BitMEX co-founder stated: “Been nibbling on $BTC all day, and shall continue. Shitcoins are getting in our strike zone but I think #bitcoin dominance keeps zooming towards 70%.”
Been nibbling on $BTC all day, and shall continue. Shitcoins are getting in our strike zone but I think #bitcoin dominance keeps zooming towards 70%. So we are not gorging at the shitcoin supermarket. Remember, money printing is the only answer they have.
— Arthur Hayes (@CryptoHayes) April 7, 2025
Arthur Hayes specifically pointed to monetary policy as the driving factor behind his bullish Bitcoin outlook. He added: “So we are not gorging at the shitcoin supermarket. Remember, money printing is the only answer they have.” This comment suggests Hayes believes central bank policies will continue to favor Bitcoin as a hedge against inflation and currency devaluation.
The 70% dominance target is a substantial increase from Bitcoin’s current market share. Such a shift would imply major capital flows from altcoins back into Bitcoin.
Amid Arthur Hayes’ Bitcoin prediction, on-chain analytics firm Glassnode has identified a pattern of Bitcoin accumulation among the largest holders. According to their data, Bitcoin whales holding more than 10,000 BTC reached a nearly perfect accumulation score of approximately 1.0 at the month’s turn. This means that there is intense buying activity over a 15-day period.
Whales holding >10K $BTC briefly hit a perfect accumulation score (~1.0) at the turn of the month, reflecting intense 15-day buying. The score has since eased to ~0.65, still signaling steady accumulation.
Meanwhile, cohorts from <1 $BTC up to 100 $BTC have intensified their… https://t.co/cEo3F7Paid pic.twitter.com/7udA7G8nSM— glassnode (@glassnode) April 7, 2025
While this peak accumulation score has since moderated to around 0.65, it still shows continued steady buying from these major market participants. This level of whale accumulation stands in stark contrast to the behavior of smaller Bitcoin holders.
Glassnode noted: “Meanwhile, cohorts from <1 $BTC up to 100 $BTC have intensified their distribution, all trending toward 0.1–0.2. A clear and widening divergence between small and large holders.”
This difference in behavior between large and small holders often precedes major market movements. Historically, periods where whales accumulate while retail sells have preceded bullish phases in the Bitcoin market cycle.
Bitcoin price appears to have established a support level around $74,000, according to data shared by Glassnode. Their analysis comes at a time when Bitcoin and altcoins have lost double-digit value in the last 24 hours.
The data shows this price point aligns with “the first major supply cluster below $80K – over 50K $BTC at $74.2K.” This supply zone is primarily composed of investors who were active in the market for approximately five months.
The strength of this support level will be important for Bitcoin’s short-term price action as the market moves through its current volatility. If this support holds, it could be a foundation for a potential recovery toward previous highs.
OKX partner Ted has highlighted a key technical level that could decide Bitcoin’s next directional move. “BTC is trying to reclaim the weekly 50-EMA level. This has acted as a bull/bear line for BTC,” Ted noted on X.
$BTC is trying to reclaim the weekly 50-EMA level.
This has acted as a bull/bear line for BTC.
If BTC fails to reclaim it, expect a correction towards $69K-$70K (2021 highs), and even the $67K (Saylor average entry) level could be retested.
In case BTC reclaims this level, a… pic.twitter.com/CtsyZ7q3FH
— Ted (@TedPillows) April 7, 2025
According to his analysis, failure to reclaim this moving average could trigger further downside. He mentioned potential correction targets at “$69K-$70K (2021 highs) and even the $67K (Saylor average entry) level.” Conversely, successfully reclaiming the 50-EMA could spark a “relief rally.”
Ted’s analysis also comes at a time when the crypto liquidations breached $600 million and Bitcoin fell below the important $80,000 level.
The post Arthur Hayes Predicts 70% Bitcoin Dominance as BTC Whales Hit Peak Accumulation appeared first on CoinGape.