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Shares of Bitcoin-linked companies stocks are declining

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bitcoin companies stocks and bonds

Bitcoin company stocks and cryptocurrencies are related. Risk appetite is steadily rising as markets enter a key reporting season when tech companies reveal their second-quarter results. In line with this growing risk appetite, Bitcoin rose above $24,000 last week. 

Bitcoin companies’ stocks are declining

After Tesla published its report, when it was revealed that Ilon Musk’s company had sold 75% of its Bitcoins, the first cryptocurrency began to decline. Shares of MicroStrategy, Coinbase and other tech companies also rose until the middle of last week. 

Since the beginning of the year, Bitcoin has lost more than 50% of its value. In that respect, its movement is in line with that of technology companies. And companies holding Bitcoin on their balance sheets are most exposed to the fluctuations of the first cryptocurrency. Are you interested in stocks and bonds of bitcoin companies? 

Tesla stock

Bitcoin company stocks and cryptocurrencies are related. Tesla (TSLA) reported quarterly earnings that outperformed earnings per share (EPS) and largely matched revenue. More accurately, this increase in EPS was helped by Tesla selling most of its assets in Bitcoin last quarter. Elon Musk has been an ardent supporter of the crypto space, and this news was enough to cause Bitcoin to start falling.

MicroStrategy’s Margin Call

MicroStrategy head Michael Saylor must have been thanking Ilon Musk for his Bitcoin sale! During the crypto winter that the cryptocurrency market plunged into, rumors of Microstrategy and a devastating margin call were rife on social media and even in the mainstream media. Microstrategy pursued a proactive strategy during the boom, using debt markets to fund its Bitcoin purchases. 

This meant that any potential margin call could easily be met with its large assets in Bitcoins without jeopardizing its financial viability. The $21,000 level was seen as a liquidation level for the company’s positions, and many predicted the end of MicroStrategy if that level was crossed. That price was broken down, and Microstrategy remains very much a going concern. The $21,000 level referred to one very specific loan from Silvergate Capital.

The microstrategy has almost 130,000 Bitcoins, according to the latest figures. The company has a lot of debt, but for the most part that debt is due from 2025 to 2027. Some of the debt is secured, and some can be converted, but the company has almost 130,000 Bitcoins available, which is a large margin of financial strength that can be sold if necessary. Bitcoin must collapse for MSTR to be in jeopardy. Microstrategy stock has lost more than 50% since the beginning of the year, echoing the dynamics of Bitcoin.

Coinbase stock

There is also a strong correlation between Coinbase (COIN) stock and Bitcoin. However, the cryptocurrency exchange Coinbase is not as dependent on its Bitcoin portfolio, but depends on market sentiment. The company’s business is under attack from GameStop, which is Coinbase’s competitor in the NFT market. NFT’s trading floor, Gamestop, was ahead of NFT’s Coinbase in July. GameStop is new to the industry, but is a well-known name among retail traders and a well-recognized brand.

Shares of Voyager Digital LTD

Canadian cryptocurrency exchange Voyager Digital LTD (VOYG) did not survive the market crisis and went bankrupt. The company’s shares have lost 98% since the beginning of the year. 

Marathon Digital Holdings Inc.

Another major Bitcoin holder, Marathon Digital Holdings Inc (MARA) has lost more than 60% of its capitalization since the beginning of the year.

Square Inc.

Square Inc. (SQSP) is losing less than its fellow Bitcoin holders. Its loss is 35% since the beginning of the year.

Hut 8 Mining Corp.

Major mining company Hut 8 Mining Corp (HUT) has a direct correlation to the value of cryptocurrencies being mined. Its stock price is down 75% since the beginning of the year.

Riot Blockchain, Inc.

Riot Blockchain, Inc. (RIOT) has lost 70% since the beginning of the year.

Bitcoin Group SE Shares

Bitcoin Group SE (BTGGF), which began trading on the exchange in the spring, has lost 60% since then.

Twitter Shares

Shares of Twitter (TWTR), which has been surrounded by fierce battles over Ilon Musk’s bid to buy it, have been quite volatile in the first half of this year. Despite this, Twitter’s capitalization has lost “only” 10% since the beginning of the year, which is a decent result compared to other companies.

Don’t expect Bitcoin company stocks are about to explode. Because no one can give accurate predictions.



Cryptocurrency

Bitcoin Price Slides to $103K as Major Altcoins Crash (Weekend Watch)

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The broader cryptocurrency market continues struggling amid mounting geopolitical and economic pressures.

Bitcoin’s price has lost almost 3% on the day, while major altcoins such as Ethereum, Solana, Cardano, and others chart even more considerable declines.

Bitcoin Price Tumbles toward $103K

Bitcoin is charting a near 3% loss in the past 24 hours in what seems to be a broader crypto market selloff.

As seen in the chart below, the price tumbled from around $106,000 to an intraday low at $102,400 before bouncing and settling at where it current trades at the time of this writing.

BTCUSD_2025-06-21_11-32-32
Source: TradingView

As CryptoPotato reported, however, the common theme amongst the majority of cryptocurrency analysts and experts is that Bitcoin’s price trading at around $100,000 is indicative of institutional dominance and not retail FOMO.

This suggests that it has much more staying power because institutions are a lot less likely to sell during temporary and sudden drawdowns like the current one.

At the same time, however, the war between Israel and Iran continues, driving oil prices up and causing turmoil on stock markets as well.

Altcoins Crash Harder than BTC

The heatmap below paints a clear picture: most of the altcoins are trading in the red and are charting consiedrable losses.

Namely, some of the larger-cap cryptocurrencies such as ETH, SOL, ADA, DOGE, HYPE, BCH, LINK, AVAX, and more, are declining for more than 3% during the past 24 hours.

Interestingly enough, Bitcoin’s dominance – the metric, which tracks its share relative to that of the rest of the market is up by more than 1% during the same period.

This shows that BTC is performing a lot better and altcoins are completely unable to capitalize on its drawdown. In fact, this seems to be the other theme of the current cycle.

Screenshot 2025-06-21 at 11.45.41
Source: Quantify Crypto
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

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Cryptocurrency

Semler Scientific Unveils Plan to Accumulate 105,000 BTC by 2027

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Nasdaq-listed healthcare technology company, Semler Scientific, has outlined a bold multi-year plan to significantly expand its Bitcoin holdings. The company aims to hold 10,000 BTC by the end of 2025 as an initial milestone. Building on this, it plans to increase its holdings to 42,000 BTC by the end of 2026.

By the close of 2027, Semler intends to reach a total of 105,000 BTC.

Semler Reports 287% Bitcoin Yield to Date

According to the official press release, the company said it will fund these purchases using a mix of equity and debt financing, as well as operational cash flows. Semler, which in May 2024 became the second US public company to adopt Bitcoin as its primary treasury reserve asset, has since emerged as a significant corporate Bitcoin holder.

As of June 3, 2025, the firm reported a 287% yield on its Bitcoin investment and a $177 million unrealized gain.

In a move to strengthen its new approach, Semler has appointed Joe Burnett as Director of Bitcoin Strategy. Burnett, formerly Director of Market Research at Unchained, brings more than seven years of experience in Bitcoin advocacy and research.

In a statement, Eric Semler, chairman of Semler Scientific, said,

“We are excited to have Joe join our Bitcoin strategy team and help drive our three-year-plan to own 105,000 Bitcoins. Joe is an analytical thought leader on Bitcoin and Bitcoin treasury companies. His expertise will be instrumental as we pursue our Bitcoin treasury strategy and aim to deliver long-term value to our stockholders.”

Corporate Bitcoin Holdings Grow

An increasing number of public companies are deepening their involvement with the largest cryptocurrency. For instance, Genius Group, an AI-driven education company, recently increased its corporate Bitcoin reserves from 66 BTC to 100 BTC, after acquiring an additional 34 BTC valued at approximately $3.42 million.

The company resumed its Bitcoin purchases on May 22, following a May 6 US Court of Appeals ruling that lifted previous legal restrictions stemming from a dispute related to its merger with FatBrain AI. CEO Roger Hamilton described reaching 100 BTC as a milestone in their broader plan to accumulate 1,000 BTC.

Earlier this month, New York-based Mercurity Fintech Holding announced it would raise $800 million to build a Bitcoin treasury reserve. The company plans to integrate staking and tokenized finance tools, using secure blockchain custody infrastructure to reshape its treasury operations and boost capital efficiency through yield generation.

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Cryptocurrency

Binance Moves $3B Daily in USDT via Tron, Dominating Global Transfers

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Binance has emerged as the undisputed leader in driving USDT liquidity on the Tron network. In fact, the crypto exchange routinely transacts between $2 billion and $3 billion in Tether daily.

This volume accounts for over 65% of all USDT transfers on Tron, far outpacing the combined activity of all other exchanges.

Binance: Key Driver of Tron-Based USDT Activity

According to the latest data shared by CryptoQuant, on average, Binance moves $1 billion more USDT on Tron each day than its competitors. This highlights its role as a central liquidity provider for global traders, institutions, and market makers.

The Tron network has become the preferred blockchain for large-scale stablecoin transactions due to its low fees and fast settlement times. This efficiency makes it especially attractive for high-frequency traders and institutions moving large volumes of USDT, particularly on Binance. As a result, Tron now serves as a critical backbone for USDT flows.

Meanwhile, Binance’s dominance in this space has broader implications for the market. Its stablecoin activity often is indicative of a shifting sentiment, as large USDT transfers point to potential capital rotation into altcoins, derivatives, or Bitcoin. This concentration of liquidity also presents both risk and opportunity, as per the crypto analytic platform.

Whales Power Tron’s USDT Boom

As for Tron, the network recently set a new record for USDT stablecoin transfers, which reached $691 billion in volume. The peak occurred in May, with a slight dip in June. Data also revealed that just 27 whale wallets were responsible for over $411 billion of May’s total, and were executed through only 491 transactions. This highlighted the outsized influence of large investors in driving on-chain liquidity.

Tron network now dominates the circulating supply and usage of USDT, far surpassing Ethereum and other networks. More than 10.5 billion transactions have taken place on Tron to date following a steady growth trajectory since 2018.

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