Crypto: Metaplanet Vows To Keep Buying Bitcoin As Sentiment Craters 2026

Metaplanet CEO Simon Gerovich is sticking with the company’s Bitcoin accumulation plan despite a brutal drawdown in both its stock and the wider crypto market.

Metaplanet’s CEO Simon Gerovich doubled down on the company’s Bitcoin-first strategy as the wider crypto market suffered one of its harshest drawdowns since 2022.

“[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).

The corporate crypto whale is ranked fourth among public Bitcoin (BTC) treasury companies behind Strategy, MARA holdings and Twenty One Capital. Metaplanet held 35,102 on Friday, according to BitcoinTreasuries.NET.

Related: Metaplanet approves $137M overseas raise to buy Bitcoin and repay debt

As of Friday, Bitcoin was down about 50% from its all-time high of $126,080 set in October, 2025. The Crypto Fear & Greed Index, a gauge of market sentiment, fell to its lowest reading since the Terra Luna crash in May 2022.

According to Coinglass, $1.844 billion of crypto long positions were liquidated on Thursday.

Corporate Bitcoin whales were also displaying losses on their balance sheets. Strategy, the largest public holder of Bitcoin, logged a $12.4 billion net loss in the fourth quarter of 2025, as Bitcoin dropped below the firm’s average purchase price of $76,052.

Strategy’s shares had dropped 17% on its Thursday call, even as the company said that its capital structure remained “stronger and more resilient” and that it had no major debt maturing until 2027.

Source: CoinTelegraph