Bitcoin downward movement causes strategy stocks to drop 7.5%, Metaplanet temporarily hits the lower limit.

GateUser-d76e02b9 · 2025-05-24T02:49:07+00:00

Virtual currency-related stocks fell as President Trump's tariff comments caused Bitcoin to drop, impacting companies adopting Bitcoin financial strategies. Japanese Meta Platforms also experienced a significant decline. Meanwhile, gold prices rose amid concerns over bond auctions and trade wars.

GateUser-d76e02b9

2025-05-24 02:49:07

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## Coin-related stocks decline together

Following President Trump’s comments on tariffs against the EU and Apple on the night of the 23rd, Bitcoin (BTC) declined. In line with this, the stock prices of companies adopting various Bitcoin-related financial strategies, including strategy firms and mining companies, also fell between the 23rd and 24th. (The following is the performance compared to the previous day)

Strategy: $369.5 -7.5%
Marathon: $14.7 -5.8%
Riot: $8.5 -4.3%
Semler: $44.3 -1.3%

Moreover, Metaplanet, Japan’s largest publicly traded company holding Bitcoin, which had been recording daily price limits, experienced a temporary price limit down on the 23rd, falling approximately 25% from the previous day’s closing price of 1,083 yen to 816 yen.

On the other hand, in response to the poor long-term bond auctions in the US and Japan this week and renewed concerns over trade wars, the safe asset gold has risen by 2.15% compared to the previous day. It has rebounded significantly from last week’s low of $3,187, reaching $3,365.8.

BTC-3,62%

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