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Tesla’s Bitcoin holdings top $1B again, but stock drops 41% in 2025

  • EV sales fell 13%, production down 16%, causing 20% segment decline.
  • Bitcoin holdings valued over $1 billion as BTC hits $93,000.
  • Tesla holds 11,509 BTC with no transactions this quarter.

Tesla has reaffirmed its strategic bet on Bitcoin despite disappointing quarterly earnings, a plunging stock price, and slowing electric vehicle sales.

As of March 31, 2025, the company holds 11,509 Bitcoin, currently valued at just over $1 billion after a 6% rise in the cryptocurrency’s price to $93,000.

This development comes at a time when Tesla is under pressure from shareholders following a 41% decline in its stock price this year and growing scrutiny around CEO Elon Musk’s political involvement.

Revenue down, deliveries slump

Tesla’s Q1 2025 revenue reached $19.34 billion, falling short of Wall Street’s projection of $21.37 billion.

The shortfall is largely tied to the company’s main business—electric vehicles—which saw a 13% drop in deliveries and a 16% dip in production.

This led to a 20% year-over-year decline in revenue from its core segment.

Tesla’s declining delivery numbers mirror broader industry challenges, but some of the headwinds are unique to the company.

Ongoing protests and concerns around Musk’s dual focus—spanning political appointments and social media commentary—have amplified investor unease.

Despite this, Tesla made no changes to its Bitcoin position during the quarter, signalling a clear intention to maintain it as a long-term asset.

Bitcoin strategy remains unchanged

Tesla’s current holding of 11,509 BTC was first acquired in February 2021, with about 75% of it sold off in July 2022.

The remainder has been left untouched.

At the end of 2024, this stash was worth approximately $1.076 billion. By the close of Q1 2025, Bitcoin’s 12% decline had reduced the value to around $951 million.

However, with Bitcoin prices rebounding to $93,000, the portfolio’s worth has climbed back above the $1 billion mark.

New rules introduced by the Financial Accounting Standards Board (FASB) require companies to mark their digital asset holdings to market value at the end of each quarter.

Under this regime, Tesla previously recorded a $600 million unrealised gain in Q4 2024 due to Bitcoin’s rally.

Tesla’s decision not to buy or sell any Bitcoin in Q1 2025 signals a “HODL” stance—mirroring the strategy of other corporate holders like Strategy and Metaplanet, which also treat Bitcoin as a hedge or strategic reserve.

Musk shifts from DOGE to Tesla

Elon Musk, whose support for Dogecoin (DOGE) has frequently made headlines, announced plans to scale back his involvement with the meme coin.

He said his time allocation would shift in May 2025 as DOGE operations become more self-sufficient.

This renewed focus on Tesla comes as analysts call for urgent strategic moves.

Dan Ives of Wedbush labelled the company’s situation a “code red,” suggesting that Tesla may need to rethink parts of its financial strategy, including how it handles its Bitcoin holdings, if current challenges continue.

Meanwhile, BeInCrypto forecasts that crypto markets will remain unstable until mid-May due to global economic uncertainty and trade pressures.

However, the broader outlook for digital assets, especially Bitcoin, is more bullish for the second half of the year.

Analysts expect a rebound driven by post-halving effects, institutional buying, and regulatory clarity in the US.

As Tesla navigates financial turbulence, its firm stance on Bitcoin indicates that the cryptocurrency is now more than just a side bet—it’s part of a calculated strategy.

Whether that strategy pays off in Q2 and beyond may depend as much on Musk’s leadership as on Bitcoin’s next move.

The post Tesla’s Bitcoin holdings top $1B again, but stock drops 41% in 2025 appeared first on CoinJournal.

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Deepbook gains 75% in Sui-led rally: what’s fueling the surge?

  • Deepbook’s price has spiked 75% in the last 24 hours to lead top gainers across top cryptocurrencies.
  • The technical outlook suggests bullish momentum after a breakout above $0.21.
  • Growth in the Sui ecosystem as well as broader market sentiment may help DEEP price higher.

DEEP, the native token of DeepBook on Sui, has skyrocketed by 75% in the past 24 hours, riding the wave of a broader surge in Bitcoin and the Sui ecosystem.

As of this writing, the token is trading near $0.22, having hit a high of $0.23 after breaking through the key $0.21 resistance level. This explosive price action underscores growing investor confidence in DeepBook’s role as a foundational liquidity layer for Sui’s burgeoning DeFi ecosystem.

Why DeepBook’s price is soaring

Several factors are fueling the remarkable rally in DEEP.

First, DeepBook is solidifying its position as the backbone of Sui’s DeFi stack, providing a high-throughput, low-latency central limit order book (CLOB) for on-chain trading.

The recent v3.1 upgrade, announced on April 16, introduced permissionless pools, lower fees, and enhanced balance management, making the platform more accessible and cost-efficient for builders and traders alike. These upgrades have catalyzed increased user activity and trading volume on DeepBook.

Second, the overall growth of the Sui ecosystem is driving value accrual to DEEP. Sui’s total value locked (TVL) recently surpassed $2 billion, doubling from $1 billion in just three months, according to a January 2025 report.

As more liquidity flows into Sui, DeepBook captures a larger share of trading fees and governance influence, boosting the utility and demand for DEEP$DEEP.

Furthermore, integrations with prominent DeFi protocols like Cetus and Aftermath have funneled significant trading volume through DeepBook, further amplifying its impact.

DeepBook price outlook: What’s next?

As investors eye another layer 1 winner as did Solana, many are looking at the Sui ecosystem.

This shows through most metrics such as TVL, monthly decentralised exchange (DEX) volume and decentralised finance (DeFi) growth.

DEEP is emerging as a major attraction in this ecosystem. Its tier 1 exchange listings add to the buzz.

Deepbook price on CoinMarketCap

Looking ahead, the outlook for DEEP remains bullish, supported by both fundamental and technical factors.

The token’s ability to hold above key leveld signal strong buyer conviction. Meanwhile, the broader growth of Sui’s DeFi ecosystem provides a solid foundation for sustained momentum.

From a technical perspective, Deepbook price has managed a decisive reversal from its prior downtrend. With renewed buying interest signaling a shift in market structure, the breakout above $0.2 could provide the base bulls needed to go higher.

If DEEP can maintain its current trajectory, it could test the next resistance near $0.25 in the short term. However, traders should watch for potential volatility, as overbought conditions may lead to a temporary consolidation.

The post Deepbook gains 75% in Sui-led rally: what’s fueling the surge? appeared first on CoinJournal.

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Bitcoin gains 12%, mirrors gold as trade war, recession fears mount

  • Bitcoin gained 12% in two weeks to April 22, showing resilience amid US-China tariffs.
  • Observers note Bitcoin decoupling from stocks, behaving more like gold (safe haven).
  • US plans for a Strategic Bitcoin Reserve potentially bolster its asset status (Nansen CEO).

Bitcoin has demonstrated notable strength in recent weeks, seemingly shrugging off the escalating trade tensions between the US and China that have unsettled broader financial markets.

This resilience, marked by a significant price increase, is fueling observations that the cryptocurrency is increasingly behaving like a traditional safe-haven asset, akin to gold, rather than mirroring the volatility often seen in tech-heavy indices like the Nasdaq.

Divergence amid trade turmoil

In the two weeks leading up to April 22, Bitcoin registered a solid 12% price gain.

This upward movement occurred even as the trade dispute intensified, with the US imposing tariffs reported up to 125% on China, prompting reciprocal measures from Beijing.

Unlike many other assets sensitive to global trade disruptions, Bitcoin appeared relatively insulated, strengthening the argument for its potential role as a store of value during geopolitical uncertainty.

Alex Svanevik, CEO of crypto intelligence firm Nansen, highlighted this trend, noting Bitcoin’s apparent “decoupling” from traditional stock markets.

“Unlike altcoins and major indexes like the S&P 500, Bitcoin has remained relatively stable despite the global trade tensions,” Svanevik observed, according to the analysis.

However, he cautioned that while resilient to specific trade issues, Bitcoin remains susceptible to broader macroeconomic headwinds, particularly the growing fears of a potential economic recession.

Bolstering the safe-haven narrative: US reserve plans

Adding another layer to Bitcoin’s evolving status is the concept of a potential US Strategic Bitcoin Reserve.

Plans outlined in a presidential executive order suggest the government intends to hold Bitcoin, initially comprising assets seized in criminal investigations.

More significantly, the order details potential future strategies for acquiring more Bitcoin, possibly funded through tariff revenues or by re-evaluating the Treasury’s gold certificates to generate surplus funds, potentially avoiding the need to sell existing gold reserves.

Svanevik believes such “regulatory developments will play a significant role in Bitcoin’s growth as a global asset,” potentially enhancing its legitimacy and appeal.

Recession shadow looms despite crypto gains

While Bitcoin charts its course, the macroeconomic outlook remains clouded. Concerns about a potential US recession are intensifying, acting as a significant counterweight to bullish sentiment in risk assets.

A recent report from JPMorgan notably increased its estimated probability of a US recession occurring in 2025 from 40% to 60%.

The report underscored that existing tariffs, particularly citing the high 145% tariff on China in this context, continue to pose a “significant threat to global growth.”

Against this backdrop, the Federal Reserve is anticipated to begin easing monetary policy, likely starting in September 2025 with further rate cuts expected through January 2026.

While monetary easing could stimulate the economy, it might also influence demand dynamics for assets perceived as riskier, potentially including Bitcoin, depending on how investors weigh inflation hedges versus growth prospects.

Navigating an uncertain future

Bitcoin’s trajectory appears increasingly shaped by a complex interplay of factors.

Its resilience during the recent trade friction supports the narrative of it maturing into a gold-like store of value.

Continued institutional interest and potential government actions like the Strategic Reserve could further solidify this perception.

However, the looming threat of a broader economic downturn and ongoing regulatory developments, particularly in the US, remain critical variables.

As global economic anxieties persist, Bitcoin’s ability to maintain its appeal as a hedge against turbulence will be closely watched.

The post Bitcoin gains 12%, mirrors gold as trade war, recession fears mount appeared first on CoinJournal.

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MANTRA founder’s 150M OM burn proposal gets 81% support: can it spark a recovery?

  • Mantra CEO to burn 150M OM tokens to rebuild trust after the 90% Mantra price crash.
  • 81% of the community has backed the burn proposal.
  • While some are optimistic about the impact of the token burn, the OM price continues to struggle at $0.50.

After the dramatic 90% Mantra price crash on April 13, 2025, as a result of reckless liquidations, Mantra’s founder and CEO, John Patrick Mullin, has announced a bold plan to burn his personal allocation of 150 million OM tokens.

This move aims to rebuild trust in the Layer 1 blockchain focused on real-world asset tokenization.

While the April 13 crash wiped out over $5 billion in market capitalization in mere hours, Mullin’s commitment to burn tokens valued at approximately $82 million at current prices has stunned the crypto community.

Community overwhelmingly supports Mullin’s proposal

An X poll conducted by John Patrick Mullin has garnered over 8,900 votes, with over 81% of respondents backing the immediate burning of his tokens.

This strong endorsement reflects the community’s desire for decisive action to try and help the OM token recover.

According to the burn proposal, the tokens, currently being unstaked, will be sent to the network’s burn address by April 29, 2025.

The process ensures transparency and adherence to protocol rules.

Mantra is also exploring a larger burn with ecosystem partners, with discussions underway to incinerate an additional 150 million OM tokens.

This would total to 300 million tokens being burned, or 16.5% of the 1.817 billion total supply.

Such a reduction could significantly alter the token’s supply dynamics.

If successful, the total OM token supply would drop to approximately 1.517 billion OM tokens.

Potential impact of the proposed Mantra token burn

The burn is expected to impact Mantra’s tokenomics positively.

It will reduce the bonded ratio from 31.47% to 25.30%. Staked tokens will decrease from 571.8 million to 421.8 million.

This adjustment will boost the staking APR for remaining tokens.

Higher staking rewards could incentivize holders to lock up their OM. Reduced selling pressure might support price stability.

However, despite the announcement, OM’s price has remained stagnant, currently trading at approximately $0.5396, up by only 0.1% in the past 24 hours.

Following the burn announcement, the token saw a slight uptick to an intraday high of $0.5585 before quickly falling back to the $0.50 range.

Presumably, the ongoing unstaking process may be delaying significant price movement, while market skepticism persists after the crash’s shock.

Approximately 4 million OM tokens unlock every few weeks, and with 45% of the supply still locked, selling pressure could counteract the burn’s benefits.

The April 13 crash raised suspicions of foul play, with community members accusing the Mantra team of orchestrating a sell-off, claims that Mullin and investor Laser Digital firmly denied.

Can Mantra’s price recover in case of a burn?

Currently, OM’s price struggles to break above $0.55, especially with the ongoing unlocks and potential liquidations looming large.

Going by this, the market sentiment remains cautious, and the burn’s psychological impact may not fully materialize until it’s complete.

However, in the long term, the burn could lay a foundation for growth.

A 16.5% supply reduction is substantial, and coupled with staking incentives, it could tighten the circulating supply, leading to a normal supply-demand curve that could result in a hike in price.

The post MANTRA founder’s 150M OM burn proposal gets 81% support: can it spark a recovery? appeared first on CoinJournal.

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Bitcoin ETFs see biggest inflows since January on Monday

  • The ETF inflow coincided with a sharp move in Bitcoin prices, which reclaimed the $91,000 level.
  • Total inflows across Bitcoin ETFs reached $381.3 million on April 21.
  • RK 21Shares Bitcoin ETF (ARKB) captured the largest share at $116.1 million.

Bitcoin exchange-traded funds (ETFs) in the United States posted their largest single-day net inflow in almost two months, with April 21 marking the strongest session since January 30.

The ETF inflow coincided with a sharp move in Bitcoin prices, which reclaimed the $91,000 level for a brief window before retracing to around $90,000.

BTC ETF inflows on Monday

Total inflows across Bitcoin ETFs reached $381.3 million on April 21, with ARK 21Shares Bitcoin ETF (ARKB) capturing the largest share at $116.1 million.

Fidelity Wise Origin Bitcoin Fund (FBTC) followed with inflows of $87.6 million.

Grayscale, which had previously struggled with outflows after converting its Bitcoin trust to an ETF, showed signs of stabilization as its Bitcoin Trust (GBTC) and Bitcoin Mini Trust ETF (BTC) recorded combined inflows of $69.1 million.

BlackRock’s iShares Bitcoin Trust ETF (IBIT), the largest Bitcoin ETF by assets under management, drew $41.6 million, down from pre-weekend levels on April 17.

Other funds, including HODL and EZBC, contributed $11.7 million and $10.1 million, respectively.

The inflows return after a strong week for outflows

According to CoinShares’ latest report, the United States recorded total outflows of $71 million for the week, indicating that April 21’s activity was an outlier amid otherwise tepid sentiment.

In contrast, European markets maintained a more constructive stance toward digital assets.

Switzerland led the region with $43.7 million in net inflows, while Germany added $22.3 million. Canada also saw modest inflows of $9.4 million during the period.

CoinShares noted that overall digital asset investment products saw modest weekly inflows of $6 million.

Midweek, stronger-than-expected US retail sales figures triggered a sharp outflow of $146 million from digital asset funds, reflecting market sensitivity to macroeconomic data.

Bitcoin-specific products closed the week with net outflows of $6 million, despite the significant daily inflow figure on April 21.

Meanwhile, short Bitcoin products recorded their seventh consecutive week of outflows, with $1.2 million withdrawn, bringing total redemptions over the period to nearly 40% of assets under management.

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