TL;DR:
- Metaplanet has accumulated an accounting loss exceeding $1.2 billion due to the recent drop in $BTC prices.
- The firm’s CEO, Simon Gerovich, assured that the company has no plans to sell its assets even if the market worsens.
- Despite current pessimism, market whales have accumulated 200,000 $BTC in the last 30 days, stabilizing the price.
The Metaplanet strategy with Bitcoin was put to the test following the harsh crypto winter hitting the Japanese firm’s balance sheets. The company’s CEO, Simon Gerovich, recently acknowledged that the downturn has been painful, with accumulated unrealized losses surpassing $1.2 billion.
By late 2025, red numbers were already appearing in the company’s treasury, but the figure doubled by February 2026. However, the firm’s long-term vision remains steadfast, prioritizing asset accumulation over temporary price fluctuations.
Gerovich was blunt in stating they will never sell their holdings, highlighting that their primary goal is to increase Bitcoin-per-share. According to the executive, this metric grew by 500% over the past year, validating their business model despite the current volatility.
Downside Speculation and Accumulation Signals
While Metaplanet maintains its position, bearish bets in the options market have increased, targeting prices of $58,000 and $55,000 by late March. Meanwhile, investors are seeking protection against a potential further dip before finding a definitive floor.
On the other hand, Bitfinex analysts are observing interesting behavior among whales. These players have taken advantage of price weakness to absorb a massive amount of tokens, which could serve as critical support to prevent a larger crash.
In summary, the Metaplanet strategy with Bitcoin reflects unwavering institutional confidence in the future of the pioneer cryptocurrency. The company bets that the market will find a floor near $60,000, paving the way to reach new all-time highs once retail demand