Key Insights:
- Metaplanet maintains its Bitcoin plan amid a price decline and pressure on its shares.
- Bitcoin fell to around $60,000 amid rising liquidations and a sharp decline in market sentiment.
- Corporate crypto treasuries are recording substantial unrealized losses in Bitcoin and Ethereum.
The Metaplanet Bitcoin strategy remained unaltered this week, with the Tokyo-based company reaffirming its desire to accumulate more Bitcoin amid a sharp decline across the broader digital asset market.
Metaplanet Bitcoin Strategy Reaffirmed by CEO
In an X post on Friday, Metaplanet’s chief executive officer, Simon Gerovich, addressed the company’s position, stating that the firm would continue purchasing Bitcoin despite the recent price decline.
Gerovich stated that the company would not adjust its existing approach, emphasizing that the Metaplanet Bitcoin strategy remains focused on steady accumulation and long-term balance sheet positioning.
Moreover, Gerovich acknowledged that recent stock price movements have created pressure for shareholders. He stated that the firm is aware that investors are facing difficult conditions, but confirmed that the company intends to maintain its current course.
According to his statement, Metaplanet plans to continue accumulating Bitcoin, expand revenue streams, and prepare for its next phase of growth, without signaling any pause or reversal in strategy.
The remarks were issued as Metaplanet’s stock closed Friday down 5.56% on the Tokyo Stock Exchange at 340 yen, equivalent to roughly $2.16.
The stock had fallen by about 8% earlier in the trading session, reflecting investor reaction to declining Bitcoin prices and the firm’s growing unrealized losses tied to its crypto holdings.
Source: BitcoinTreasuries.NET
Metaplanet Bitcoin strategy places the company among the largest publicly listed Bitcoin treasury firms globally. This positioning ranks the firm fourth among public companies with Bitcoin on their balance sheets, behind Strategy, MARA Holdings, and Twenty One Capital.
Metaplanet shares on the Tokyo Stock Exchange have dropped 5.56% on Friday, closing at 340 yen, or approximately $2.16.The stock had fallen 8% before the trading day, as investors responded to broader market conditions and the company’s exposure to Bitcoin’s declining price.
Placement of a Corporate Treasury.
Another significant publicly traded Bitcoin treasury, Strategy, has reported unrealized losses of over $4.5 billion associated with its Bitcoin holdings and a dramatic drop in its MSTR stock price. Despite these losses, Strategy has continued to accumulate its Bitcoin position.
According to recent filings by Strategy, the company acquired an additional 855 Bitcoin earlier this week, at a price of about $75 million. Similar to Metaplanet, Strategy has not set out to de-escalate or cut its Bitcoin holdings and continues to use the accumulation method even in the downturn.
According to data from BitcoinTreasuries.NET, Metaplanet held 35,102 Bitcoin as of Friday. The firm’s average acquisition cost for its Bitcoin holdings stands at $107,716.
Metaplanet Bitcoin holdings at current market levels indicate significant unrealized losses. Though the company has not revealed specific numbers, the market value of its reserves has been significantly reduced due to the continued decline in Bitcoin prices since the end of 2025.
Bitcoin price falls, and the industry surrounding it.
Bitcoin’s weak price performance helped revive the Metaplanet Bitcoin strategy.
Bitcoin dropped on Friday to approximately $60,000 and rose to the $63,000 range, still in the larger bear market that has swept billions of dollars of institutional crypto assets.
In addition, the Market sentiment indicators registered higher stress, with the Crypto Fear & Greed Index at its lowest level in May since the Terra Luna crisis, suggesting more people were cautious in the market.
During the sell-off, derivative markets recorded huge forced liquidations. CoinGlass data shows that about $1.844 billion of crypto long positions were sold on Thursday. The liquidations led to accelerated price declines and higher short-term volatility across major digital assets.
The continued downside expectations were also indicated in the prediction market data. Data from Polymarket showed that approximately 76% of traders expected Bitcoin to drop below $55,000 in the near future.
Further, the problem of crypto treasuries is not exclusive to Bitcoin-based companies. Ethereum-based treasury companies are also making unrealized losses.
Bitmine, an Ethereum treasury company, is said to have held about 1.17 million Ether, with over $8.25 billion in unrealized losses, reflecting the decline in value across digital assets.
