Bitcoin investment remains a key focus for Metaplanet, even as market sentiment has reached new lows. CEO Simon Gerovich reiterated the company’s commitment to a Bitcoin-first strategy, stating, “There is no change to Metaplanet’s strategy. We will steadily continue to accumulate Bitcoin, expand revenue, and prepare for the next phase of growth.” This announcement comes as the crypto market faces one of its toughest downturns since 2022.
Metaplanet’s Strategic Approach to Bitcoin
Despite the challenging market conditions, Metaplanet is doubling down on its Bitcoin strategy. The company’s stock on the Tokyo Stock Exchange closed down by 5.56% at 340 yen (approximately $2.16). However, Gerovich remains optimistic about the future, highlighting the firm’s focus on long-term growth and resilience.
Market Data: Bitcoin and Corporate Holdings
Currently, Metaplanet ranks fourth among public Bitcoin treasury companies, holding 35,102 BTC as per BitcoinTreasuries.NET. The crypto market has seen significant liquidations, with $1.844 billion in crypto long positions wiped out recently. The Crypto Fear & Greed Index also fell to its lowest since the Terra Luna crash in May 2022.
Comparing Corporate Strategies: Metaplanet vs. Strategy
While Strategy, the largest public Bitcoin holder, recorded a massive $12.4 billion net loss in Q4 2025, Metaplanet maintains its position without plans to liquidate holdings. Metaplanet’s average Bitcoin cost stands at $107,716. This steadfast approach mirrors Strategy’s decision to acquire an additional 855 BTC, worth around $75 million, despite reporting losses.
Other crypto treasuries, like Bitmine’s Ethereum holdings, are also under pressure, with significant unrealized losses. Such market dynamics raise questions about the resilience of these digital assets during prolonged downturns.
