Metaplanet Doubles Down on Bitcoin as Stock Slumps
Cointelegraph reports Metaplanet CEO Simon Gerovich doubled down on the company’s Bitcoin-first strategy as the wider crypto market suffered a harsh drawdown. “[T]here is no change to Metaplanet’s strategy. We will steadily continue to accumulate Bitcoin, expand revenue and prepare for the next phase of growth,” Gerovich said Friday on X, according to a machine translation of his post.
Metaplanet’s stock on the Tokyo Stock Exchange closed Friday down 5.56% at 340 yen (about $2.16). Metaplanet held 35,102 on Friday, according to BitcoinTreasuries.NET, and is ranked fourth among public Bitcoin treasury companies; its stock has been tumbling since mid-January.
Bitcoin was down about 50% from its all-time high of $126,080 set in October, 2025, and the Crypto Fear & Greed Index fell to its lowest reading since the Terra Luna crash in May 2022. Coinglass reported $1.844 billion of crypto long positions were liquidated on Thursday.
Japan, Tokyo