Metaplanet’s Bitcoin investment plan didn’t stop its stock from dropping 37% over the past month. Even though the company has been buying more Bitcoin, the market hasn’t responded well, showing how risky crypto-related stocks can be.

On Tuesday, crypto-linked companies had a rollercoaster ride. QMMM Holdings, an investment firm based in Hong Kong, saw its stock explode by more than 1,700%. On the flip side, Sol Strategies, a Canadian crypto company, had a rough debut on Nasdaq, with its stock falling 42% on its first day.

These huge differences show how unpredictable crypto-related stocks can be. Some companies soar on big announcements, while others sink despite solid plans.

QMMM Holdings got investors excited after revealing a new strategy that mixes blockchain technology with artificial intelligence. The company plans to build a platform that uses AI to analyze crypto data and create a Web3 ecosystem. It also aims to create a diverse crypto treasury, focusing on Bitcoin, Ether, and Solana. This bold plan caused its stock to skyrocket as investors reacted positively to the blend of AI and blockchain technologies.

At the same time, Sol Strategies didn’t get the same love from investors. The company focuses on managing Solana assets and staking operations. Even though it’s been working on growing its staking revenue and adjusting its crypto portfolio—by selling Bitcoin and buying Solana and Sui tokens—its stock still took a hit. Shares fell 42% on Nasdaq and dropped 16% on the Canadian Securities Exchange.

Other companies tied to crypto have seen mixed results too. Upexi, which also manages Solana-based assets, saw a small 2.1% dip in its stock over the past month. Meanwhile, DeFi Development Corp., another Solana-focused company, saw a 13.2% increase in its stock price.

Metaplanet, based in Japan, has continued to build up its Bitcoin reserves. Despite this long-term strategy and getting shareholder approval to keep buying more crypto, the company’s stock still plunged by 37%. This shows that even with strong plans, the market can be tough on companies tied closely to cryptocurrencies.

In short, investing in crypto-related stocks is still a high-risk game. Big announcements and strategies can move prices fast—up or down—depending on how investors feel about the future of blockchain and digital assets.