Bitcoin-Linked Stocks Skyrocket Post-Record Plunge—Time to Buy the Dip?
Blood in the streets—then a violent rebound. Bitcoin-correlated stocks just staged their most dramatic reversal since the 2022 crypto winter.
The Bounce Nobody Saw Coming
Mining rig makers and crypto banks surged double-digits overnight. Like drunken sailors finding a fresh bottle of rum after hitting rock bottom.
Wall Street’s Crypto Carousel
Traders pile back in at the first whiff of green candles—proving yet again that ‘buy low’ is just theoretical until FOMO kicks in. The suits still can’t decide if blockchain is a revolution or just their latest volatility plaything.
Bottom or Bull Trap?
Technical signals scream oversold, but remember: in crypto, ‘oversold’ often means ‘about to get punched again.’ One hedge fund manager quipped, ‘We’re either at peak capitulation… or the start of another 50% leg down.’ Classic crypto.
Institutional trends and outlook
Bitcoin Treasuries data shows public companies now hold roughly 1,054,735 BTC, about 4.7% of Bitcoin’s total supply. Metaplanet, a Japanese investment firm, reached its 2025 Bitcoin target by purchasing 5,268 BTC on October 1, bringing its total holdings to 30,823 BTC. Metaplanet has also announced an ambition to hold over 210,000 BTC by the end of 2027.
However, Strategy and Metaplanet have both seen steep declines, with Metaplanet’s market value falling 56% since June. Several Bitcoin-holding firms have even sold portions of their holdings to cover debts.
Although, there may be relief ahead. Reports from the United States suggest lawmakers have reached a deal to end the government shutdown, a key factor that had weighed on markets.
Meanwhile, as per Yahoo Finance, MSTR closed at $241.93 on November 7, up 1.99%, and was trading higher in pre-market at $249.85, up 3.27%. Metaplanet closed at ¥427.00, up 2.89% (+12.00).
Even Bitcoin rose 3.91% in 24 hours, trading around $106,002, with its market capitalization reaching $2.12 trillion. Trading activity also picked up, with 24-hour BTC volume climbing 45% to $70 billion, reflecting renewed Optimism across the crypto sector.
Also Read: Strategy Inc. to Raise $715M to Increase Bitcoin Holdings
