Metaplanet’s CEO reaffirmed the company’s commitment to a Bitcoin -centric investment approach amid a challenging downturn in the broader cryptocurrency market. Despite significant declines in Bitcoin ’s price, Gerovich emphasized that the company’s strategic outlook remains unchanged, focusing on continued accumulation of Bitcoin , revenue growth, and strategic planning for future expansion.
On the Tokyo Stock Exchange, Metaplanet’s stock closed with a decline of approximately 5.56%, ending the trading session at 340 yen, or roughly $2.16. This decline reflects the wider market sentiment and the notable volatility experienced in the cryptocurrency sector over recent weeks. As of the latest reporting, the company holds around 35,102 Bitcoin tokens, ranking it as a prominent publicly traded corporate holder, fourth in size among similar firms, and behind major players like Strategy, MARA Holdings, and Twenty One Capital.
The substantial increase in Bitcoin ’s valuation in previous years has resulted in unrealized losses on corporate treasuries, including Metaplanet’s holdings. From a peak of around $126,080 in October 2025, Bitcoin has depreciated roughly 50%, exerting pressure on balance sheets. The market sentiment index plummeted to levels not seen since the Terra Luna incident in May 2022, with significant liquidation activity reported — over $1.84 billion of long positions were wiped out in a single day.
Major Bitcoin holders are experiencing the impact of this downturn. Strategy, the largest public holder of Bitcoin , reported a net loss of approximately $12.4 billion in the fourth quarter of 2025, with Bitcoin ’s price falling below its average purchase price of $76,052. Despite market turbulence, Strategy disclosed recent purchases of an additional 855 BTC, valued at around $75 million, demonstrating a continued belief in the long-term potential of the asset.
Both Strategy and Metaplanet have maintained their investment positions, showing no immediate plans to liquidate holdings. Metaplanet’s average acquisition cost is estimated at $107,716 per Bitcoin , underpinning their long-term strategic outlook. Other crypto treasuries, such as Ethereum holdings by Bitmine, also face mounting unrealized losses amid the ongoing market stress, raising questions about the resilience of corporate-held cryptocurrencies in prolonged downturns.
