Original Author: Nancy, PANews
Currently, an increasing number of listed companies are actively implementing cryptocurrency asset reserve plans, especially after Trump won the US election and took control of the White House, rapidly heating up this strategy globally and becoming a new trend in corporate asset allocation. However, with the volatility of the global economic environment, panic caused by policy uncertainties, and the concentrated exit of profit-taking positions, the crypto market has experienced severe fluctuations, with many listed companies falling into unrealized loss situations.
PANews has compiled a list of 5 listed companies that launched crypto reserve plans, which generally increased their investment efforts after Trump won the election. However, with the obvious pullback in the crypto market, high-position buying has led to widespread unrealized losses. Among them, Strategy's unrealized loss on Bitcoin holdings has exceeded $4 billion, while companies like Metaplanet, Semler Scientific, and SOL Strategies have also suffered account losses of over millions of dollars, with their stock prices experiencing roller coaster-like fluctuations.
Strategy: Bitcoin Holdings Unrealized Loss Exceeds $4 Billion, Stock Price Drops Over 40% from High
[Image]
Since Trump won the US election on November 6, 2024, Strategy purchased approximately 276,000 BTC at an average price of $94,506 per coin, with a total investment cost of $25.679 billion. Calculated at the current Bitcoin price of $79,581 (April 8), Strategy's Bitcoin holdings are currently experiencing an unrealized loss of about $4.12 billion.
From Strategy's purchasing strategy during this period, a clear shift from aggressive expansion to cautious observation can be observed. Specifically, in November 2024, when Bitcoin prices were at a high level, Strategy aggressively increased its holdings by over 134,000 bitcoins, accounting for about 48.7% of the total increase during that period, demonstrating an aggressive market expansion attitude and strong confidence in the long-term market outlook. After entering 2025, with Bitcoin price pullback, Strategy adopted a more cautious strategy, significantly reducing purchase volume and entering an observation period. However, recently Strategy has shown signs of re-entering, investing nearly $1.92 billion in its latest investment on March 31. It's worth noting that Strategy did not further increase Bitcoin holdings last week, maintaining a certain wait-and-see attitude amid unclear market conditions.
Additionally, since November 6, Strategy's stock price once soared to $473.8, a surge of 83.77%, but subsequently continued to fall. As of April 8, its stock price has dropped about 43.4% from the high point during this period.
Metaplanet: Accelerating Bitcoin Reserves Still Facing Unrealized Losses, Stock Price Once Reached Multi-Year High
[Image]
After November 6, 2024, Metaplanet purchased 3,188 bitcoins through 11 increases, with an average purchase price of $82,001, spending over $260 million. Calculated at the current Bitcoin price of $79,581 (April 8), this means Metaplanet is currently experiencing an unrealized loss of about $23.63 million on its Bitcoin holdings during this period. Since starting to reserve Bitcoin in April 2024, Metaplanet has spent over $360 million to purchase 4,206 BTC, indicating a significant increase in Bitcoin reserves after Trump's election. However, calculated at an overall Bitcoin purchase average price of $86,500, Metaplanet is currently experiencing an unrealized loss of about $29.09 million.
From the timeline perspective, after Bitcoin began sliding from its January historical high, Metaplanet clearly accelerated its increase pace, conducting 9 increases in less than 2 months, buying about 2,444 BTC, accounting for 58.1% of its total holdings, showing a strategy of buying on dips.
It's worth mentioning that this Japanese hotel development and operation company plans to increase its Bitcoin holdings to over 10,000 coins in 2025, aiming to join the top ten global Bitcoin-holding enterprises. Meanwhile, to consolidate its financial condition during Bitcoin price fluctuations, Metaplanet has recently prepaid a bond worth 2 billion yen ($13.5 million) in full.
In terms of stock performance, Metaplanet's stock price once rose to 665 yen after Trump's election, a surge of 216.7%, reaching a new high since October 2013. However, with Bitcoin price decline, its stock price has dropped nearly 49.2% from the high point.
Semler Scientific: Heavy Buying at High Prices, Stock Price Gains Wiped Out
[Image]
Since Trump's election, Semler Scientific significantly increased its Bitcoin holdings, accumulating 2,134 BTC, accounting for 66.8% of its current public holdings (3,192 BTC), with a total investment cost close to $210 million. However, its Bitcoin purchase strategy shows a clear characteristic of "buying at high prices": compared to the previous average of $69,682, the buying average during this period reached $96,508. Calculated at the current Bitcoin price of $79,581, the company's unrealized loss has exceeded $36.12 million.
In terms of stock performance, Semler Scientific's stock price experienced a brief surge, reaching a high of $74.7, with a rise of up to 86.3%. However, the stock price subsequently fell, with all gains wiped out, unable to maintain its previous strong performance.
SOL Strategies: Unrealized Loss of Millions at High Prices, Stock Price Drops Over 60% from New High
[Image]
After Trump's election, SOL Strategies invested a total of $29.4 million, purchasing over 128,000 SOL, accounting for 47.9% of its total holdings (267,000 SOL). However, its purchase timing was mostly concentrated at high prices. For example, on February 3, 2025, SOL Strategies announced purchasing 40,300 bitcoins at a cost of $246; on January 27, 2025, it purchased 19,100 bitcoins at a high cost of $365. This high-price buying strategy led to an average purchase price of around $235. Calculated at the current market price of $108, its unrealized loss has exceeded $16.28 million. Despite this, SOL Strategies uses its over 265,000 SOL for staking rewards, effectively mitigating part of the losses.
Meanwhile, SOL Strategies' stock price experienced dramatic fluctuations during this period, once surging 258.8% to $6.1, reaching a historical high. However, the stock price subsequently dropped significantly, falling 65.74% from its peak.
Remixpoint: High-Frequency Small-Amount Bitcoin Purchases, Average Price Reaches $96,000
[Image]
Japanese listed company Remixpoint will include crypto assets in its strategic reserves starting from 2024, covering BTC, ETH, SOL, and XRP, with BTC being its primary purchasing asset. Since November 6th last year, Remixpoint has significantly accelerated its BTC accumulation pace, cumulatively investing over $46 million to purchase 483 BTC, accounting for 78.4% of its total holdings (616 BTC). From an investment strategy perspective, Remixpoint adopts a high-frequency, small-amount purchasing approach, controlling each purchase to dozens of BTC, with a maximum single purchase not exceeding 56.3 BTC.
However, Remixpoint's average BTC purchase price is relatively high, reaching $96,807. Calculated at the current Bitcoin price of $79,581, its 483 BTC purchases have unrealized losses exceeding $8.32 million. If estimated based on an overall holding average price of around $86,000, Remixpoint's unrealized losses would narrow to approximately $3.95 million.
Despite this, Remixpoint's stock performance during this period has been quite impressive, soaring to a peak of about 444%, reaching $806, creating a new high since October 2018. However, as of April 8th, 2025, the stock price has already pulled back approximately 55.5% from its peak.
