Strategy Faces $5.9B Unrealized Bitcoin Loss + BlackRock CEO Larry Fink Says U.S. May Already Be in Recession
Dimon Warns of Inflation and Recession Risks from Tariffs, Fink Sees Possible U.S. Recession, Metaplanet and Strategy Face Bitcoin Losses Amid Volatility.
Because Bitcoin
April 7, 2025
JPMorgan CEO Jamie Dimon Warns Tariffs Could Fuel Inflation and Slow U.S. Economy
JPMorgan Chase CEO Jamie Dimon cautioned shareholders that President Trump’s new tariff policies could raise inflation and potentially push the U.S. closer to a recession. In his annual letter, Dimon acknowledged some legitimate reasons for the tariffs but emphasized their likely short-term impact on both imported and domestic prices. While supporting Trump’s “America First” stance, he warned against isolationism, stating that weakening international alliances would ultimately harm the U.S. economy.
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Metaplanet Repays $13.5M Bond Early as It Accelerates Aggressive Bitcoin Accumulation Strategy
Japanese firm Metaplanet, once a hotel manager and now a Bitcoin-focused treasury company, has repaid 2 billion yen ($13.5 million) in zero-interest bonds ahead of schedule. The bonds, issued in March via its Evo Fund, were used to buy more Bitcoin. This move aligns with Metaplanet’s broader strategy to acquire up to 21,000 BTC by the end of 2026. The company already holds 4,206 BTC, placing it among the top 10 publicly traded Bitcoin holders. CEO Simon Gerovich reaffirmed confidence in Bitcoin despite recent volatility, calling it natural for a rare and promising asset. Bitcoin’s price recently dipped below $80,000 amid a broader market sell-off triggered by U.S. tariff announcements.
Strategy (MicroStrategy) Faces $5.9B Unrealized Bitcoin Loss Amid Market Turmoil and Slowing Stock Demand
Strategy, formerly known as MicroStrategy, reported $5.91 billion in unrealized losses on its Bitcoin treasury in Q1 2025, as digital asset prices fell sharply due to macroeconomic stress and recent U.S. tariff shocks. The company acquired 80,715 BTC during the quarter at an average price of $94,922, but Bitcoin ended the period below $84,000—its worst quarter since 2018. Strategy paused new BTC purchases between March 31 and April 4 due to a lack of interest in its MSTR and STRK stock offerings. As of April 7, the firm holds 528,185 BTC, valued at over $43 billion, representing nearly 3% of total Bitcoin supply. Global markets—including Strategy’s stock—have slumped following Trump’s “Liberation Day” tariff announcement, with MSTR down over 8% in pre-market trading.
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BlackRock CEO Larry Fink Says U.S. May Already Be in Recession, Warns Tariffs Could Drive Rates Higher
BlackRock CEO Larry Fink believes the U.S. economy may already be in a recession, based on conversations with fellow business leaders. Speaking at the Economic Club of New York, Fink cited a CEO who likened the airline industry to a “canary in the coal mine,” already showing signs of distress. He also warned that President Trump’s tariff policies could raise inflation and limit the Federal Reserve’s ability to cut interest rates. Contrary to market expectations of multiple Fed rate cuts this year, Fink sees “zero chance” of that scenario and even suggests rates may go higher.
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