Five Major Listed Companies' Crypto Reserves Review: Accelerated Entry at High Levels After Trump's Election, Strategy Incurs Over $4 Billion in Unrealized Losses
TechFlow Selected TechFlow Selected
Five Major Listed Companies' Crypto Reserves Review: Accelerated Entry at High Levels After Trump's Election, Strategy Incurs Over $4 Billion in Unrealized Losses
As the cryptocurrency market clearly pulls back, buying at peak prices has led to widespread unrealized losses.
Navigating Web3 tides with focused insightsAuthor: Nancy, PANews
Currently, an increasing number of listed companies are actively implementing cryptocurrency reserve strategies, a trend that has rapidly intensified globally since Donald Trump won the U.S. presidential election and returned to the White House. However, amid fluctuating global economic conditions, policy uncertainty triggering market panic, and concentrated profit-taking, the crypto market has experienced significant volatility, leaving many publicly traded firms facing substantial unrealized losses.
This article by PANews reviews five listed companies that have launched cryptocurrency reserve initiatives. These firms generally increased their investments following Trump’s election victory. Yet, as the crypto market corrected sharply, purchases made at elevated levels led to worsening paper losses. Strategy's unrealized loss on its Bitcoin holdings alone has exceeded $4 billion, while Metaplanet, Semler Scientific, and SOL Strategies have also posted multi-million-dollar losses, with their stock prices experiencing rollercoaster-like swings.
Strategy: Over $4 Billion in Unrealized Bitcoin Losses, Stock Down More Than 40% From Peak
Since Donald Trump’s U.S. election win on November 6, 2024, Strategy has purchased approximately 276,000 BTC at an average price of $94,506 per coin, investing a total of $25.679 billion. Based on the current Bitcoin price (as of April 8) of $79,581, this holding now shows an unrealized loss of approximately $4.12 billion.
Strategy’s purchasing behavior during this period clearly reflects a shift from aggressive expansion to cautious observation. Specifically, in November 2024—when Bitcoin prices were near highs—Strategy aggressively added over 134,000 BTC, accounting for about 48.7% of its total accumulation during this phase, demonstrating strong bullish sentiment and confidence in long-term market growth. In 2025, however, as Bitcoin prices began to correct, Strategy adopted a more conservative stance, significantly reducing purchases and entering a waiting phase. Recently, signs of renewed buying emerged, with nearly $1.92 billion invested in new purchases as of March 31. Notably, however, Strategy did not add further Bitcoin last week, maintaining a watchful approach amid uncertain market conditions.
In addition, since November 6, Strategy’s share price surged briefly to $473.80—a gain of 83.77%—but has since declined steadily. As of April 8, its stock is down approximately 43.4% from its peak during this period.
Metaplanet: Accelerated Bitcoin Accumulation Still Results in Losses, Stock Hits Multi-Year High
Following November 6, 2024, Metaplanet acquired 3,188 BTC through 11 separate purchases at an average price of $82,001, spending over $260 million. At the current Bitcoin price (April 8) of $79,581, this results in an unrealized loss of approximately $23.63 million. Since it began accumulating Bitcoin in April 2024, Metaplanet has spent over $360 million to acquire 4,206 BTC, indicating a marked increase in its accumulation pace after Trump’s election. However, with an overall average purchase price of $86,500 per BTC, Metaplanet currently faces an unrealized loss of about $29.09 million.
From a timing perspective, after Bitcoin began declining from its January all-time high, Metaplanet notably accelerated its buying activity—conducting nine purchases within less than two months, acquiring approximately 2,444 BTC, or 58.1% of its total holdings—demonstrating a clear strategy of buying the dip.
Notably, this Japanese hotel development and management company aims to hold over 10,000 BTC by 2025, positioning itself among the world’s top ten corporate Bitcoin holders. Additionally, during periods of Bitcoin price volatility, Metaplanet recently fully repaid ¥2 billion ($13.5 million) in bonds to strengthen its financial position.
In terms of stock performance, Metaplanet’s shares rose to 665 yen after Trump’s election—a surge of 216.7%—reaching its highest level since October 2013. However, as Bitcoin prices fell, its stock has declined nearly 49.2% from that peak.
Semler Scientific: Aggressive High-Price Bitcoin Buying, Stock Gains Fully Reversed
Since Trump’s election, Semler Scientific has significantly increased its Bitcoin holdings, adding 2,134 BTC—representing 66.8% of its current public holdings (3,192 BTC)—at a total cost of nearly $210 million. However, its acquisition strategy exhibits clear signs of “buying at peaks”: compared to its earlier average price of $69,682, the average purchase price during this period reached $96,508. With Bitcoin currently trading at $79,581, the company’s unrealized loss stands at over $36.12 million.
In terms of stock performance, Semler Scientific saw a brief rally, reaching a high of $74.70—an 86.3% increase—but subsequently reversed all gains, failing to sustain its earlier momentum.
SOL Strategies: Heavy High-Price Bets Lead to Multi-Million Dollar Losses, Stock Falls Over 60% From Record High
After Trump’s election, SOL Strategies invested $29.4 million to acquire over 128,000 SOL, representing 47.9% of its total holdings (267,000 SOL). However, most of these purchases occurred at elevated prices. For example, on February 3, 2025, the company bought 40,300 SOL at a cost of $246 each; earlier, on January 27, it purchased 19,100 SOL at a much higher price of $365 each. This high-price accumulation strategy resulted in an average purchase price of approximately $235. With SOL currently trading at $108, the company’s unrealized loss exceeds $16.28 million. Despite this, SOL Strategies has staked over 265,000 SOL, using staking rewards to partially offset its losses.
Meanwhile, SOL Strategies’ stock price exhibited extreme volatility during this period, surging 258.8% to a record high of $6.10. However, it has since plunged, falling 65.74% from its peak.
Remixpoint: Frequent Small-Scale Bitcoin Purchases at Average Price of $96,000
Japanese-listed company Remixpoint began including digital assets such as BTC, ETH, SOL, and XRP in its strategic reserves starting in 2024, with BTC being its primary focus. After November 6 of the previous year, Remixpoint significantly accelerated its Bitcoin purchases, investing over $46 million to acquire 483 BTC—accounting for 78.4% of its total BTC holdings (616 BTC). Its investment approach involves frequent, small-scale purchases, typically buying dozens of BTC at a time, with no single purchase exceeding 56.3 BTC.
However, Remixpoint’s average purchase price for BTC is relatively high at $96,807. At the current Bitcoin price of $79,581, its 483 BTC holding faces an unrealized loss of over $8.32 million. If calculated based on its overall average cost of approximately $86,000, the unrealized loss narrows to about $3.95 million.
Nonetheless, Remixpoint’s stock performance during this period was remarkable, soaring approximately 444% to reach $806—the highest level since October 2018. However, as of April 8, 2025, its share price has retraced about 55.5% from its peak.
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
PANews
