Tariff turmoil doesn’t deter corporate bitcoin buys
Liberation Day (or as some have dubbed it, Obliteration Day) wreaked havoc on crypto-adjacent stocks. In comparison to the S&P 500, bitcoin’s price is steady, hovering around $82,000 this Friday morning, about where it was at this time last Friday.
As Strategy CEO Michael Saylor put it, “There are no tariffs on Bitcoin.”
Tariffs didn’t seem to deter companies from adding to their bitcoin reserves. Some like Metaplanet even doubled down, buying 690 bitcoin earlier in the week, and then another 160 bitcoin later. The Japanese company now holds 4,206 bitcoin.
Yesterday, MARA Holdings announced it increased its bitcoin holdings to 47,531 in March, producing 829 bitcoin, a 17% increase from February.
Riot Platforms said it produced 533 bitcoin in March, bringing its reserve to 19,223 bitcoin.
Monday, Strategy said that it bought 22,048 bitcoin for $1.9 billion, bringing its total stash to 528,185.
A new addition to our watchlist, Chinese bitcoin mining company Cango increased its bitcoin reserve, producing 530 bitcoin in March. It now holds 2,475 bitcoin.