Tag Archives: Metaplanet

Metaplanet Shares Collapse After Bitcoin Bet Metaplanet’s stock has tumbled sharply, wiping out much of the momentum it gained after pivoting into Bitcoin accumulation. The company’s shares dropped to ¥709—their lowest since May 19—marking a 63% decline from this year’s peak. That downturn places it among the weakest performers in the growing sector of publicly traded firms holding Bitcoin on …

Metaplanet has once again strengthened its position in Bitcoin, continuing its aggressive accumulation strategy with a significant new purchase. In a disclosure filed on August 18, the company revealed that it acquired an additional 775 BTC, valued at approximately $93 million. The coins were purchased at an average price of $120,006 per Bitcoin, lifting Metaplanet’s total holdings to 18,888 BTC, …

Shares of Metaplanet have sharply declined this month, officially entering bear market territory after dropping nearly 40% from their highest point in 2024. The steep correction has surprised investors, particularly as the company’s sizable Bitcoin holdings have increased in value during the same period. Metaplanet’s stock has fallen to ¥1,180, retreating from its peak of ¥1,934 earlier this year—a level …