Metaplanet CEO Simon Gerovich announced that despite one of the sharpest declines in the crypto market since 2022, there is no change in the company’s Bitcoin-focused strategy, and they will continue to accumulate BTC and increase revenue. The company’s share on the Tokyo Stock Exchange closed at 340 yen (approximately $2.16) with a 5.56% drop on Friday. According to BitcoinTreasuries.NET data, Metaplanet ranks fourth among publicly traded companies holding BTC with 35,102 BTC, after Strategy, MARA Holdings, and Twenty One Capital.
Metaplanet’s stock has been tumbling since mid-January. Source: Japan Exchange Group
Bitcoin is trading down about 50% from its October 2025 peak of $126,080, while the Crypto Fear & Greed Index has fallen to its lowest level since the Terra Luna collapse. According to Coinglass, $1.844 billion in long positions were liquidated on Thursday. Strategy reported a net loss of $12.4 billion but purchased an additional 855 BTC worth $75 million on Monday. Metaplanet’s average BTC cost is $107,716. Ethereum-based Bitmine, on the other hand, is facing $8.25 billion in unrealized losses with 1.17 million ETH.
Bitcoin Falls Below $70,000 for the First Time
Bitcoin has fallen below $70,000 for the first time since November 6, 2024. This sharp drop is linked to macroeconomic pressures highlighted in BTC detailed analysis reports. Market liquidations are at record levels: $1.844 billion in long positions were wiped out.
MicroStrategy CEO Phong’s Worst-Case Scenario Warning
MicroStrategy CEO Phong Le stated that convertible bond issuance would stop if the Bitcoin price falls below the company’s average purchase price of $76,000. In the worst-case scenario, a BTC level of $8,000 could complicate debt payments. Despite this, Strategy added 855 more BTC despite a $12.4 billion net loss – a stance similar to Metaplanet’s determination.
Metaplanet’s BTC Portfolio Analysis
Metaplanet’s 35,102 BTC carries significant unrealized losses at an average cost of $107,716. Its stock has been declining since mid-January, but CEO Gerovich is sticking to the strategy. Comparison:
- Strategy: Leader, massive purchases continue
- MARA Holdings: Production-focused
- Metaplanet: 4th place, revenue growth target
ETH Crash: Bitmine and Market Impacts
ETH fell to $1,873 (11.50% drop). Bitmine’s 1.17 million ETH is at an $8.25 billion loss. ETH is under pressure in the ETH futures market: RSI 22.74 (oversold), Supertrend bearish.
| Level | Price | Score | Distance |
|---|---|---|---|
| S1 Support | 1.826,83 $ | 85/100 ⭐ | -3,95% |
| S2 Support | 1.647,23 $ | 70/100 ⭐ | -13,39% |
| R1 Resistance | 2.000,64 $ | 73/100 ⭐ | +5,19% |
| R2 Resistance | 3.109,72 $ | 66/100 ⭐ | +63,50% |
Closing above EMA 20 at $2,560 could signal recovery. BTC-ETH correlation is high, ETH holders like Metaplanet are struggling.
Risks for Metaplanet Investors
With average cost at 107k and BTC around 63k, leverage risk is increasing. However, the revenue growth promise could support stock recovery. Experts point to buying opportunities at the bottom of Fear & Greed.
Source: https://en.coinotag.com/metaplanet-ceo-sticks-to-btc-strategy-despite-the-crash
