Asian crypto stocks plunge as Bitcoin drops to three-week low
Metaplanet, OSL Group and Boyaa led the crypto stock downturn as Bitcoin fell to $91,163 amid broader market fears over tariff trade wars.
Asian cryptocurrency stocks took a beating on Feb. 3 as Bitcoin fell as far as $91,163, its lowest level in over three weeks, while altcoins led a broad market sell-off.
Japan’s Metaplanet, often likened to MicroStrategy for its Bitcoin (BTC) treasury policy, closed the trading day down 9.44% on the Tokyo Stock Exchange. SBI Holdings, one of Japan’s biggest crypto and blockchain technology investors, sank 3.60%.
Some of Hong Kong’s best-known publicly traded crypto firms also took hits. OSL Group, operator of the city’s first licensed crypto exchange, bled 2.69%, while Boyaa, the largest publicly-traded corporate Bitcoin holder in Asia, lost 4.64%.
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Author: Yohan Yun
