Despite recent chaos and fears of a recession, public companies Strategy and Metaplanet are doubling down on new Bitcoin purchases. Strategy purchased BTC worth $285 million, while Metaplanet spent $26.3 million.

Metaplanet’s activity is particularly noteworthy because Japan’s 30-year treasury yields are soaring. For public companies in Japan, conventional economic practice is to pull back from the dollar, but committing to Bitcoin is a bold strategy.

Strategy (formerly MicroStrategy) is one of the world’s largest Bitcoin holders, and it’s been going through a chaotic period. In recent weeks, it has alternated between massive BTC purchases and abrupt acquisition pauses, prompting a great deal of speculation.

Today, however, its Chair, Michael Saylor, announced a major new Bitcoin buy at $285 million:

“Strategy has acquired 3,459 BTC for ~$285.8 million at ~$82,618 per bitcoin and has achieved BTC Yield of 11.4% YTD 2025. As of 4/13/2025, Strategy holds 531,644 BTC acquired for ~$35.92 billion at ~$67,556 per bitcoin,” Saylor claimed via social media.

A lot of this chaos is due to fears of a US recession, which has made the price of Bitcoin swing wildly. When Bitcoin was down, it prompted speculation that MicroStrategy may have to dump its assets.

However, since BTC has started to recover, Michael Saylor’s firm is back on the market.

Critically, Strategy isn’t alone in its Bitcoin acquisitions. Metaplanet is a Japanese firm with substantial BTC holdings and ambitions to acquire even more.

Two days before Strategy made its own major purchase, Metaplanet CEO Simon Gerovich announced a similar investment:

“Metaplanet has acquired 319 BTC for ~$26.3 million at ~$82,549 per bitcoin and has achieved BTC Yield of 108.3% YTD 2025. As of 4/14/2025, we hold 4525 BTC acquired for ~$386.3 million at ~$85,366 per bitcoin,” Gerovich claimed.

Metaplanet’s commitment here is particularly noteworthy because it contradicts near-term macroeconomic headwinds. The global market is filled with risk-averse behavior right now, and Japan’s 30-year bond yields surged to the highest level in over two decades.

Despite this clear signal, the Japanese Metaplanet is continuing to make major Bitcoin investments. The latest purchases also had a positive impact on the company’s stock market. It’s currently up by 3% today, after suffering notable losses the past month.

In short, major corporate Bitcoin holders like Strategy and Metaplanet aren’t interested in tapering off yet. Despite the recent chaos, there is serious confidence that BTC will either gain in price or represent a stable store of value.

Either way, when public firms like this publicly take a bullish stance, it can shore up confidence across the entire market.

The SEC has delayed its decision on whether to allow staking for Grayscale’s proposed Ethereum spot ETFs. 

The ETFs in question—Grayscale Ethereum Trust and Grayscale Ethereum Mini Trust ETF—were filed by NYSE Arca on February 14, 2025. The filing included a rule change request to enable staking as part of their investment strategy.

SEC Pushes Back Grayscale Ethereum ETF Staking Deadline July

The SEC deadline for deciding on the original proposal was set to conclude on April 17. Under the Securities Exchange Act of 1934, the SEC is authorized to extend this review period for up to 90 days. 

The agency has now exercised that option. This now allows the SEC to decide on this filing by July 2025. 

Staking would allow the ETFs to earn rewards by participating in Ethereum’s proof-of-stake consensus mechanism, a feature not yet approved for any US spot crypto ETF. 

Grayscale has proposed that staking be conducted exclusively by the sponsor without commingling funds. Also, Coinbase Custody would continue safeguarding the ETH assets.

The SEC’s delay is part of a broader pattern of cautious regulatory scrutiny over crypto ETF innovations, including similar filings from other asset managers. 

Solana has surged by 40% since plummeting to a 12-month low of $95.23 on April 7, igniting renewed bullish sentiment in the derivatives market. 

As of today, this price recovery has driven SOL’s long/short ratio to a 30-day high, signaling a significant uptick in demand for long positions among futures traders.

SOL Eyes Fresh Rally as Long/Short Ratio Surges

According to Coinglass, SOL’s long/short ratio currently sits at a 30-day high of 1.06, reflecting today’s surge in demand for long positions. 

The long/short ratio measures the proportion of long positions (bets on price increases) to short positions (bets on price declines) in the market. 

A ratio below 1 indicates more traders are betting on the asset’s price falling. Conversely, as with SOL, a ratio above 1 suggests a bullish sentiment, with the majority expecting further price gains.

The growing appetite for longs suggests SOL traders are increasingly confident in further upside potential. This is notable because following the sharp rebound from its 12-month low, SOL appears to have entered a consolidation phase, a typical cooling-off period that often precedes the next leg of a rally. 

Hence, if the demand for long positions persists and buying pressure strengthens, SOL could break above this narrow range and initiate the next cycle of its rally. 

On the technical side of things, the setup of the coin’s Moving Average Convergence Divergence (MACD) confirms this bullish outlook. At press time, SOL’s MACD line (blue) rests atop its signal line (orange).

This trend indicates growing bulling momentum in the SOL spot markets. The crossover suggests that buying pressure is increasing and offers confirmation that the recent upward price movement could continue in the short term.

Solana Attempts to Stabilize above $130, with $147 in Sight

SOL currently trades at $131.66, attempting to stabilize above its new support floor formed at $130.17. If the demand for longs persists and bullish momentum remains strong, SOL could break out of its sideways movements and rally toward $147.59.

On the other hand, if bullish pressure weakens and profit-taking resumes, SOL could slip below $130.17 and fall to $95.54.