What happens to companies – bitcoin holders

Throughout 2024, many companies bought Bitcoin as a backup asset, adding it to a corporate balance, which coincided with a two -digit increase in prices for shares of many of these organizations. However, with the fall of the stock and cryptocurrency markets in 2025, shares of companies owning bitcoin experienced additional pressure on prices, writes RBC Crypto.

The price of Bitcoin reached the historical maximum at the end of last January – at the level of almost $ 110 thousand, after which the quotes entered the correctional movement. According to Binance on April 7, the price of bitcoin reached $ 74.5 thousand – this is a minimum of November and minus 30% at the price of the peak.

The fall from local maximums of the main exchange indices that monitor the prices of the largest American promotions, S&P 500 and NASDAQ 100 also exceeded two -digit indicators. Both indices reached peak values ​​in February 2025, and, according to TradingView at 14:00 Moscow time, the price losses amounted to 17.5 and 22%, respectively.

The largest Bitcoin corporate holder Strategy (MSTR), according to March 30, holds 528 185 bitcoins (about 2.52% of the current issue), which since 2020 spent about $ 33.63 billion at an average purchase price of $ 67,458 per 1 BTC. At prices for April 7, 14:00 Moscow time, the current stocks of bitcoin could bring about 13% of the profit relative to the average purchase price.

Although since the first purchases, the price of MSTR increased by hundreds of percent before the peak in November 2024 at about $ 543, according to the data on April 7, 2025, the quotes dropped to $ 293, which amounted to 46% of the historical peak, as well as 27% of the peak of the 2025th.

“The game with the shoulder is always dangerous.” What can the Strategy shares of the company Michael Saylor created a strategy that allows Strategy (former Microstrategy) to constantly build up positions in Bitcoin without the need to sell assets. According to the Coinmetrics study, from the moment of the adoption of bitcoin strategies in 2020, the MSTR shares began to be correlated with bitcoin quotes, often reacting to BTC price movements 1.5–2 times stronger: “The cornerstone of its strategy is to attract funds for the purchase of bitcoin by releasing convertible bonds”. The company produces debt securities with fixed income for holders or the possibility of exchange for promotions in the future, when the price of MSTR is reached a certain level. These bonds are attractive to investors due to the potential for their conversion in the future at a higher price than the production price.

When the price of bitcoin for the first time in 2025 sank below $ 80 thousand. At the end of February, Seilor said that “if you need to sell something, then sell the kidney, and hold the bitcoin.” Against the background of a two -digit fall in Bitcoin, over the past few days, he left a comment that “1 BTC = 1 BTC”. This expression is usually used in situations where bitcoin is traded significantly lower than expectations, implying the lack of importance of bitcoin assessing to the dollar at the moment.

Reacting to the comment of Seilor, a financial analyst and a longtime critic Bitcoin Peter Shiff turned to him with the sarcastic council “Drive a Truck of Borrowed Money” in order to prevent the course below the average purchase price for the company.

“If you do not want to allow a collapse below your average [цены] $ 68 thousand, it is better for you to give a truck of borrowed money today and go to Va-Bank, ”he wrote in X.

In addition to Strategy, it switched to a new principle of accounting of bitcoins on the balance: earlier a model was used in which only losses were recorded when the price falls, and the growth was not taken into account. Now the company displays both profit and losses from the BTC reassessment on the reporting date. Previously, a similar approach began to use Tesla. Thus, according to the latest report, the company reflected an unrealized loss of $ 5.91 billion from the reassessment of bitcoins for the first quarter of 2025.

More companies

In addition to Strategy, among those who bought bitcoin in 2024 and 2025, the largest American mining company Mara (Mara) with reserves of 47.6 thousand BTCs, the Japanese investment company Metaplanet with a balance of 2.3 thousand BTC, technological organization from the Semler healthcare sphere Scientific with 1.1 thousand BTC.

In 2025, Mara miner shares fell by about 46% of the peak this year and about 67% of last year’s peak, to $ 11.3, according to TradingView on April 7. And Metaplanet shares fell by 58% of the peak in February 2025, to ¥ 303. Semler Scientific shares prices collapsed by almost 60% of the peak reached in December 2024, to $ 33.85.

Unlike Strategy Metaplanet, Mara and Semler Scientific have an average purchase price of bitcoins on balance is much higher than the current one. For example, according to Bitcointreasuries, Metaplanet has about $ 85.5 thousand, and Semler Scientific has $ 87.9 thousand.

Mara has an average purchase price of bitcoin-about $ 93.3 thousand, as indicated in the press release. Although she additionally engaged in bitcoin and lending in bitcoins, the purchase price suggests that an unrealized loss of organization amounted to about 18%.

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Source: Cryptocurrency

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