MSTR, Metaplanet, and S&P 500 price

The stock market fluctuated on Tuesday as Wall Street digested news of a criminal investigation into Federal Reserve Chair Jerome Powell. 

The S&P 500 price moved close to the flat with uncertainty among investors regarding central bank independence. Whereas traditional indexes were stable, crypto stocks, such as MSTR, Metaplanet, and S&P 500 price action, were of particular interest.

MSTR Adds $1.25B in Bitcoin, Fueling Stock Rally

Among crypto stocks, Strategy Inc. (MSTR) recorded early gains after announcing a major Bitcoin acquisition.

The company bought 13,627 bitcoins at approximately $1.25 billion. This is the third consecutive week that MSTR has made a deposit to its Bitcoin treasury. The fact that it has been accumulating indicates a growing belief in the future worth of digital assets.

MSTR shares improved by 1.5% in the morning trade, reaching a level of 159.65. Strategy seems to have an aggressive exposure to crypto that is supported by its market. Executive Chairman Michael Saylor indicated additional acquisitions by indicating that it would buy a new Bitcoin on the weekend.

Metaplanet Rallies as Holdings Grow

Metaplanet stock surged again, gaining over 1.6% to trade at $540. This marks a 46% rally in 2026 alone. The firm has made a risky decision to purchase more than 35,000 bitcoins and invested a total of about 451 million in the process.

This large holding makes Metaplanet one of the biggest corporate Bitcoin holders in the world. Their crypto-first approach also remains beneficial to shareholders as the shares recover and boost investor confidence in the alternative assets.

S&P 500 Price Steady Amid Fed Turmoil

The broader market wobbled, with the S&P 500 price closing slightly higher at 6,977.82, up 0.15%. The stocks recovered their lost ground on early lows when news emerged that U.S. prosecutors were able to subpoena Powell. The case focuses on his Senate testimony about the renovations of Fed buildings in 2025.

The investigation brought about questions on the independence of central banks, and this somewhat destabilized the markets. Nevertheless, a late-session rally due to the increase in Walmart and some tech stocks brought the index to a stabilization.

Gold, Silver, and Bitcoin Prices Surge

In tandem with crypto stocks, precious metals, and cryptocurrencies saw robust price action. Bitcoin hovered above $91,000, while Ethereum stayed over $3,100. Gold price shot up to a record $4,630 per ounce, and silver shot up to well above $86 as safe-haven flows were taken in both assets as uncertainty rose.

The dollar was depreciated, and bond yields fell, contributing to market volatility. The focus this time shifts to the next steps of the Fed as investors follow the inflation and employment rates as well as regulatory changes.