Bitcoin’s recent drop to $74,500 has shaken both the crypto and stock markets.

n Drops to $74500, Shaking Crypto and Stock Markets

Bitcoin’s recent slide to the $74,500 level has not only shaken the crypto markets but also spilled over into the stock market.

Bitcoin’s recent slide to the $74,500 level has not only shaken the crypto markets but also spilled over into the stock market.

The cryptocurrency's weakness, partly triggered by renewed trade tariff tensions under President Donald Trump, has affected both individual investors and companies with large Bitcoin holdings.

For instance, both Metaplanet and Semler Scientific have seen their stock prices take a hit as Bitcoin continues to fall.

Bitcoin price is now down 33% from its January high and has reached its lowest point in five months.

This downslide puts pressure on major corporate Bitcoin holders like Strategy. The company has spent a whopping $35.6 billion buying Bitcoin and currently holds an unrealized gain of about $3.9 billion – not a huge cushion if prices keep sliding.

Crypto Whales Hurt Bad?

As of April 2, Metaplanet holds 4,206 BTC, purchased at an average price of ¥88,800 each. However, with Bitcoin’s recent dip, the company is now 15% in the red.

The pain got worse on Monday when Metaplanet’s stock dropped 20% in a single day, raising concerns about its crypto-heavy strategy.

Semler Scientific is facing similar trouble. It bought Bitcoin at an average price of ¥87,854, but with Bitcoin down 20% this year, Semler’s stock has plunged 38%.

In comparison, Metaplanet’s stock is down 15%, while MicroStrategy has only seen a small 2% decline.

Strategy’s Stock Still Holds Premium Despite Market Drop

Strategy still holds a massive 528,185 BTC, currently worth about $39.5 billion. The company’s average purchase price is $67,458 per coin, so it remains in profit.

Even if Bitcoin drops below their average cost, Strategy isn’t facing any risk of liquidation, according to CoinDesk Research.

Its stock continues to trade at a premium – almost double the value of its Bitcoin holdings.

This week, Strategy’s stock is down 2%, lagging behind the broader market, which has seen a slight gain.

The market downturn and potential losses on its crypto holdings could put pressure on Strategy to start buying more Bitcoin again.

However, with Bitcoin’s price already down 20% this year, it remains to be seen if Strategy can deploy its remaining cash to buy more at lower prices.