Last updated on March 10th, 2026 at 11:55 am
Metaplanet’s CEO Simon Gerovich has reaffirmed the company’s commitment to its Bitcoin-first strategy, even as the broader crypto market reels from one of its sharpest drawdowns since 2022.
Posting on X on Friday, Gerovich said there would be “no change” to Metaplanet’s approach, stressing that the firm will continue accumulating Bitcoin, growing revenue, and positioning itself for the next growth cycle. His remarks were shared via a machine translation of the original post.
Despite the confident tone, Metaplanet’s shares reflected the wider risk-off mood. The stock closed Friday down 5.56% on the Tokyo Stock Exchange, ending the session at 340 yen, or roughly $2.16.
おはプラネット。最近の株価動向を踏まえ、株主の皆さまにとって厳しい状況が続いていることは、私たちも十分に認識しています。しかしながら、メタプラネットの戦略に変更はありません。私たちは引き続き、ビットコインの積み上げ、収益の拡大、そして次の成長フェーズに向けた準備を、着実に進めてい…
— Simon Gerovich (@gerovich) February 6, 2026
Bitcoin accumulation remains the core focus
Metaplanet has emerged as one of the most aggressive corporate Bitcoin holders in recent years. According to data from BitcoinTreasuries.NET, the company held 35,102 BTC as of Friday, making it the fourth-largest public Bitcoin treasury holder globally. Only Strategy, MARA Holdings, and Twenty One Capital rank ahead.
The company’s stance stands out at a time when volatility has forced many firms and investors to reassess exposure. On Thursday alone, $1.844 billion worth of crypto long positions were liquidated, according to Coinglass, underscoring the scale of the recent market shakeout.
Fresh capital raised to accelerate strategy
Backing up its words with action, Metaplanet recently closed its first institutional shares and warrants transaction aimed at accelerating its Bitcoin strategy. The deal could raise up to ¥21 billion in total proceeds.
The financing includes ¥12.2 billion raised through shares issued at a 5% premium, priced at ¥499, as well as up to ¥8.8 billion from one-year warrants issued at a 15% premium, with an exercise price of ¥547. Management has indicated that the capital will be used to further strengthen the company’s Bitcoin position and support long-term growth plans. Metaplanet revised its revenue and operating income forecasts for 2025, even as it mentioned a substantial non-cash loss tied to Bitcoin price movements.
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