Public Companies Are Stacking Up, But Why Are #bitcoin and Crypto Down Today?
Public companies like Tether and Strategy are stacking Bitcoin, but why are crypto and Bitcoin prices crashing? $BTC USD is tracking towards $80,000 and may impact even some of the best-performing $MEME coins and top altcoins.
The latest on-chain data reveals that public companies, especially those in the United States, aggressively bought Bitcoin in Q1 2025. Analysts note that these corporate giants collectively bought 91,781 BTC in the first three months of the year.
Despite their dedication to doubling down on the world’s most valuable coin, Bitcoin slid double digits from its all-time high of nearly $110,000, dropping below $78,000 in March 2025.
At this pace, there is a real risk of the coin retesting the 2021 high of $74,000. If bears press on, forcing the world’s most valuable coin to $50,000, some of the best meme coins will also come under pressure.