Metaplanet Confirms Bitcoin Strategy Amid Market Downturn
Japanese investment firm Metaplanet reaffirms its commitment to a Bitcoin-centric treasury strategy, despite a significant correction in the cryptocurrency market. CEO Simon Gerovich stated the firm will continue accumulating digital assets regardless of bearish sentiment, even as major crypto assets experience substantial drawdowns.
Metaplanet, the fourth-largest public Bitcoin treasury globally with 35,102 BTC, maintains its long-term accumulation plan. The company's shares on the Tokyo Stock Exchange closed down 5.56% amid a broader retreat in Proof-of-Work-exposed companies. Many corporate holders are facing unrealized losses, with Bitcoin falling nearly 50% from its all-time high. Despite this, firms like Metaplanet appear to prioritize balance sheet expansion over short-term price stability.


Cryptovka
Metaplanet Affirms Bitcoin Strategy Amid Sharp Market Downturn
The Japanese investment firm Metaplanet has reaffirmed its commitment to a Bitcoin-centric treasury strategy despite a significant correction in th...
