Coinspeaker

8 hour ago

0 0

BEARISH 📉 : Metaplanet’s MTPLF stock drops 20% amid Bitcoin market downturn

Japan’s MicroStrategy Metaplanet will continue its Bitcoin accumulation strategy despite a significant Bitcoin price correction of over 22% in the past week. The company plans to maintain its Bitcoin-first approach, according to CEO Simon Gerovich.

• Metaplanet holds 35,102 BTC, making it the fourth-largest public Bitcoin treasury holder.
• The company achieved its goal of 30,000 BTC earlier than planned in 2025 and has since slowed down its purchasing pace.
• On Jan. 29, Metaplanet approved an equity financing plan to raise approximately $135–$137 million to expand its Bitcoin holdings by issuing new shares and stock acquisition rights.
• The proceeds from this financing are primarily aimed at Bitcoin purchases in 2026.

Despite these strategic moves, Metaplanet's stock (MTPLF) fell by 20% on Feb. 5, closing at $1.86, with a year-long correction of 50%. This decline reflects the broader impact of the crypto market downturn on Bitcoin Treasury firms.

Other firms, including Michael Saylor’s Strategy (MSTR), also experienced declines, with MSTR dropping by 17% on Feb. 5 after reporting a $12.4 billion Bitcoin loss. However, they claim their capital structure remains robust without significant debt maturities until 2027.