Rumble, Bitdeer, Metaplanet Increase BTC Holdings Amid Market Uncertainty

Public companies Rumble, Bitdeer, and Metaplanet are taking advantage of Bitcoin's discounted price by increasing their stockpiles.

Rumble has purchased 188 BTC for $17.1 million at $91,000 per coin, aligning with the video-sharing platform's previously announced plan to allocate up to $20 million of its cash reserves to Bitcoin.

The company’s CEO, Chris Pavlovski, emphasized the strategic importance of the investment, stating , “These holdings have the potential to serve as a valuable hedge against inflation and will not be subject to dilution like so many overprinted government-issued currencies.”

Further Bitcoin purchases will depend on factors such as market conditions, Bitcoin’s price, and the cash flow needs, the company added.

The move follows a significant investment from stablecoin giant Tether , which took a $775 million stake in the company late last year. The deal includes a $250 million cash infusion to support Rumble’s growth initiatives and a tender offer for up to 70 million shares at $7.50 each.

Following its announcement, Rumble's stock price has risen 5.4% to just over $8.20, with more gains observed in after hours trading.

Meanwhile, Singapore-based Bitcoin mining company Bitdeer Technologies has increased its Bitcoin holdings by 75% over the past two months. As of February 2025, Bitdeer held 1,039 BTC, a major increase from 594 BTC in December.

This growth was attributed to redirecting mining rigs towards self production after customers requested payment delays for SEALMINER A2 units amid a decline in Bitcoin’s price.

However, the company reported a $531.9 million net loss for the fourth quarter due to ongoing investments in mining infrastructure. Last month, Bitdeer produced 110 BTC, down from 126 BTC in January, partly due to the shorter month. Its total proprietary hash rate nonetheless increased to 9.4 exahashes per second (EH/s) from 8.9 EH/s in December.

Bitdeer's stock price is up slightly over 1.30%, reaching $10.71, following its latest announcement.

Over in Japan, Metaplanet has also ramped up its Bitcoin holdings, surpassing 3,000 BTC. The firm recently acquired 162 BTC at an average price of ¥12.39 million ($83,635) per coin, bringing its total Bitcoin reserves to 3,050 BTC, valued at nearly $250 million.

Metaplanet plans to accumulate 10,000 BTC by the end of 2025 and 21,000 BTC by 2026. This would position the company among the world’s largest corporate Bitcoin holders. Strategy , formerly MicroStrategy, currently owns 499,096 BTC.

The Japanese firm’s commitment to Bitcoin has already yielded significant returns, with a 310% BTC yield in Q4 2024.

Metaplanet's stock price has risen 7.02% since its Bitcoin announcement but is almost 40% down this month.

The three firms' Bitcoin purchases follow Bitwise's new exchange-traded fund ( ETF ) tied to companies holding substantial Bitcoin reserves.

Announced on March 11, the Bitwise Bitcoin Standard Corporations ETF (OWNB) is structured to track the Bitwise Bitcoin Standard Corporations Index, an equity index composed of firms with at least 1,000 Bitcoin in their corporate treasuries.

“A lot of people wonder: Why do companies buy and hold bitcoin? The answer is simple: For the exact same reasons people do,” Matt Hougan, Bitwise’s chief investment officer, said in a statement.

“These companies perceive bitcoin as a strategic reserve asset that’s liquid and scarce — and not subject to the whims or money printing of any government.”