Cryptonews Price Analysis

Corporate Bitcoin Holdings Plunge – Did Trump’s Tariffs Just Break the Bull Market?

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Crypto Writer

Arslan Butt

Crypto Writer

Arslan Butt

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Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

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Last updated:

April 7, 2025

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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

Corporate Bitcoin treasuries declined by nearly $4.5 billion in the first week of April, falling from approximately $59 billion to $54.5 billion between April 2 and April 7, according to BitcoinTreasuries.net.

The downturn coincided with renewed U.S.–China trade tensions, following former President Trump’s announcement of sweeping 50% tariffs on a wide range of Chinese imports.

This number says a lot.

The 10-year Treasury yield just slid under 4%—and no, it's not because the U.S. economy is strong.

Recession fears are creeping in, thanks to Trump's new tariffs and China’s 34% retaliation. pic.twitter.com/fmKT2xpNmC
— The Crypto Command (@dcryptocommand) April 7, 2025

Currently, 174 entities collectively hold 3.15 million BTC. Publicly listed firms, which account for most of these holdings, saw stock valuations drop in step with Bitcoin’s recent slide, highlighting the growing correlation between crypto assets and traditional equities.

Bitcoin-Tied ETFs and Stocks Post Double-Digit Losses

The Bitwise Bitcoin Standard Corporations ETF (OWNB), tracking companies with significant BTC exposure, dropped more than 13% after the tariff announcement.

Similarly, shares of Strategy (formerly MicroStrategy)—one of the largest BTC-holding corporations—fell over 13%, according to Google Finance.

#Bitcoin fell to a four-month low of $74,500 amid global market turmoil following US tariffs. Analysts warn of potential declines to $69,000 or $50,000 if support levels break. Corporate treasuries face losses, and Bitcoin's#XPoster #AI pic.twitter.com/rP8k0rwKWE
— Marco Cavallo (@artcava) April 8, 2025

These declines reignite long-standing questions about Bitcoin’s place in corporate treasuries. Unlike traditional holdings such as U.S. Treasury Bills, Bitcoin presents greater volatility and lacks clear regulatory oversight.

“Cryptocurrencies’ high volatility and uncertain regulation are misaligned with treasury goals of stability and capital preservation,” noted David Krause, finance professor at Marquette University.

Analysts See Possible Recovery Path Despite Short-Term Weakness

While the broader sentiment is risk-off, some analysts remain optimistic. In a recent report, Matrixport drew parallels to 2015, when Bitcoin initially declined after China devalued the yuan, only to rebound strongly later that year.

With the USD/CNY exchange rate approaching technical resistance and China issuing retaliatory tariffs up to 34%, Bitcoin may again serve as a hedge against fiat currency risk.

Binance also highlighted Bitcoin’s tendency to outperform during geopolitical tensions—particularly when traditional financial markets are under stress.

Tariff Shock Brings Broader Economic Uncertainty

Meanwhile, the broader implications of the tariff conflict have also shaken investor confidence. Trump’s protectionist measures, including a 25% tariff on pharmaceutical and semiconductor imports, have raised concerns of a global trade war. In response, China has introduced retaliatory tariffs as high as 34% on US goods.

“The U.S. side’s threat to escalate tariffs against China is a mistake on top of a mistake, once again exposing the American side’s blackmailing nature,” a spokesperson from China’s commerce ministry said.

#China’s response to @realDonaldTrump additional 50% tariff threat? Let’s play.

Moves to stabilize stock market with state funds as flagged in official media earlier this week.

Central Huijin: https://t.co/US3YxiwCLH

NFRA: https://t.co/HoIt9G9Q7m

PBoC:… pic.twitter.com/guDWsESj9T
— Eunice Yoon (@onlyyoontv) April 8, 2025

In such an environment, Bitcoin may offer some companies an alternative hedge. According to a report by Fidelity Digital Assets, BTC can act as a buffer against currency debasement, geopolitical risk, and rising fiscal deficits — factors all playing out simultaneously.

Technical Outlook: Bitcoin Pressured Below Key Levels

Bitcoin is trading around $78,300 after a sharp rejection from the $80,300 resistance zone. The price remains capped below the 50 EMA near $81,600, reinforcing the bearish tone.

Support levels: $76,600 (initial), $74,400 (critical)
Resistance levels: $81,600 (EMA), $83,800 (previous high)
RSI: 41 – bearish momentum intact, not oversold

RSI at 41 suggests bearish momentum is intact, though not yet oversold. If BTC breaks below $76,600, a retest of $74,400 looks likely.

Unless Bitcoin decisively closes above $81,600, technical indicators suggest continued downside pressure.

Best Wallet ($BEST): Crypto’s Next Big App

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Now available on Google Play and the App Store, this non-custodial wallet supports over 1,000 cryptocurrencies, and secures assets with industry-leading Fireblocks MPC-CMP technology.

One of Best Wallet’s most compelling tools is its “Upcoming Tokens” feature, offering users early access to high-potential presale tokens—giving them an edge before assets hit the mainstream market.

The ongoing presale for $BEST tokens has now raised over $11.5 million, pricing tokens at $0.0246 each, with total staking surpassing 193 million $BEST tokens.

Investors benefit from estimated rewards of 137% annually, clearly indicating market confidence in Best Wallet’s innovative offerings as a competitive alternative to traditional exchanges.

Follow Best Wallet on X and Telegram for the latest updates.