Public Firms Own 773K Bitcoin: Stock Reactions Show Sharp Divergence
Public Companies Embrace Bitcoin: Stock Reactions Vary Widely
Bitcoin Holdings Surge Among Public Firms
Recent data reveals that public companies now collectively own over 773,000 Bitcoin, valued at approximately $81.45 billion. This growing trend in Bitcoin adoption among corporations is evident, with 20 firms across various sectors and exchanges participating. However, the market’s response to these announcements has been inconsistent, with some companies experiencing significant stock fluctuations.
Dramatic Stock Movements Following Bitcoin Announcements
Among the notable performers, Metaplanet’s stock skyrocketed by an astonishing 7,900% after it disclosed its Bitcoin holdings in April 2024. Conversely, twelve out of twenty firms reported declines in their stock prices despite integrating Bitcoin into their financial strategies.
Eight companies have reported profits, with some achieving remarkable returns. MicroStrategy, a prominent player in the Bitcoin space, has seen its stock surge by 2,621% since it began acquiring Bitcoin in August 2020, now holding 592,345 BTC. Other companies like Boyaa and Exodus also reported impressive increases of 867% and 1,150%, respectively, albeit with smaller Bitcoin holdings.
Tech and Gaming Stocks Struggle Despite BTC Exposure
Despite the potential benefits of Bitcoin investments, not all companies have reaped rewards. GameStop, which announced its Bitcoin investment in May 2025, has seen its stock plummet by 27%. Currently trading at $22.82, it has fallen from its announcement price of $31.32.
Block (formerly Square) has experienced a 65% decline since October 2020, while Hut 8’s stock is down 41% since December 2024. NexTech Holdings faced the steepest drop, plummeting 73% to $2.14 from an opening price of $8.12. In contrast, Tesla, which holds 11,509 BTC, has seen a modest increase of 21% since its December 2021 announcement regarding Bitcoin.
Small-Cap Firms Experience Remarkable Gains from Bitcoin Strategy
Several smaller-cap companies have reported extraordinary gains following their Bitcoin strategies. The Blockchain Group (ALTBG), with only 1,653 BTC, has experienced a staggering increase of 3,357,873%, now trading at $5.93. Semler Scientific, holding just 4,449 BTC, has also seen a notable rise of over 44% in a month.
Boyaa, listed in Hong Kong, has surged to HK$0.69, marking an 867% increase from its January 2024 price of HK$0.07. These developments indicate that smaller firms with historically low valuations can experience significant re-ratings following announcements related to cryptocurrency treasury strategies.
However, not all small-cap firms have fared well; Microcloud Hologram (HOLO) suffered an 89% decline despite acquiring 2,353 BTC in March 2025. This disparity in stock performance highlights the volatility associated with Bitcoin investments, which may not always translate into sustainable value.
About the Author
Brenda Kanana is a seasoned writer with three years of experience focusing on cryptocurrency, artificial intelligence, and emerging technologies. She holds a degree in Psychology from the University of Mombasa and has contributed to notable publications such as Cryptopolitan and Blockchain Reporter.
