MetaPlanet Stock Falls 60% as Aggressive Bitcoin Buys Backfire

Key Insights:

• MetaPlanet stock is down over 60% as Bitcoin losses pressure investor confidence.
• The company still holds 35,102 BTC and ranks fourth among public holders.
• Management plans to keep buying Bitcoin despite ongoing paper losses.

MetaPlanet stock has remained under pressure in recent months. The share price has fallen more than 60% from its recent highs and is now trading near 333 JPY. Over the past month alone, the MTPLF stock has been down by more than 30%. The drop has followed weakness in the Bitcoin price.

As Bitcoin corrected, investors reduced exposure to companies linked closely to crypto. MTPLF stock has moved lower step by step, without showing strong recovery signs. This decline is happening even as the company continues to expand its Bitcoin treasury.

MetaPlanet’s Bitcoin Holdings Sit Deep in Paper Losses

Right now, MetaPlanet is one of the largest public Bitcoin holders in the world. It ranks fourth globally by total Bitcoin holdings. But rising losses on its treasury are starting to affect investor confidence.

MetaPlanet currently holds around 35,102 Bitcoin.

MetaPlanet’s Position | Source: Bitcoin Treasuries

The company began building its Bitcoin treasury in 2024. Since then, it has raised money through share sales and financing to fund large purchases. In late 2025, it added thousands of coins during major buying rounds.

Today, the value of these holdings runs into billions of dollars. But most of these purchases were made at high prices.

MetaPlanet’s average buying cost is between $102,000 and $107,000 per Bitcoin. With Bitcoin price now far below that level, the company is sitting on large unrealized losses.

These losses are not booked. The company has not sold its Bitcoin. But on paper, the reserve is underwater by hundreds of millions of dollars. This creates pressure on the balance sheet.

When a company holds assets far above market value, future fundraising becomes harder. Investors start worrying about dilution and debt risks. This is one reason the MetaPlanet stock has stayed weak. Even so, management has not changed its approach.

CEO Reaffirms Long-Term Bitcoin Strategy

Recently, MetaPlanet’s CEO, Simon Gerovich, addressed shareholders through a public post. In his message, he acknowledged that recent stock performance has been difficult for investors. He said the company understands the pressure shareholders are facing.

But he also made one thing clear. MetaPlanet’s strategy is not changing. The company will continue to accumulate Bitcoin. It will keep expanding its treasury. And it will keep preparing for the next growth phase.

He also thanked long-term shareholders for their continued support during market weakness.

Translated Tweet For Our Readers | Source: X

It showed that management is fully aware of current losses. But it is still committed to its long-term plan. There is no sign of selling Bitcoin to reduce risk. Instead, the company continues to treat Bitcoin as a long-term reserve asset.

This approach is similar to other major Bitcoin treasury firms. They prefer to hold through downturns rather than trade short-term price moves.

MetaPlanet Stock Remains Tied to Bitcoin Price

The recent fall in MetaPlanet stock closely tracks Bitcoin price. When Bitcoin dropped sharply in early 2026, the stock followed. Support levels broke. Buyers became cautious. Trading volumes slowed. Many short-term traders exited their positions. Long-term holders remain, but new demand is limited.

MTPLF Stock Performance | Source: Google

This pattern is common among Bitcoin-linked stocks. When Bitcoin rises, these stocks often rise faster. When Bitcoin falls, they usually fall harder. Investors treat them as leveraged exposure to crypto.

MetaPlanet stock fits this pattern. As long as Bitcoin price stays weak, the stock may struggle to build momentum. Any lasting recovery will likely depend on Bitcoin stabilizing and moving higher.

At the same time, MetaPlanet continues to use weak markets to build its reserve. Management views lower prices as better entry points. Instead of slowing purchases, it prefers to add more during downturns. This would be a strategy to lower the cost-basis, which is currently way higher than even MicroStrategy’s cost basis.

This strategy carries risk. If Bitcoin falls further, losses will grow. Capital raising may become harder. Share dilution may increase. Stock pressure could continue. But management appears willing to accept these risks. For investors watching MetaPlanet and MTPLF stock, the picture remains mixed.

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