Metaplanet CEO Simon Gerovich Confirms Bitcoin Buying Plan Despite Market’s Sharp 50% Drop

Market Volatility Fails To Deter Corporate Crypto Accumulation

The digital asset landscape is currently weathering its most turbulent period since the 2022 collapse of Terra Luna, yet some of the world’s largest corporate holders are refusing to blink.

As Bitcoin prices retreat nearly 50% from an October 2025 peak of $126,080, the market has been gripped by a "capitulation mode" that wiped out $1.844 billion in long positions in a single day.

Despite the carnage, Metaplanet’s leadership has confirmed that the Tokyo-listed firm will not deviate from its aggressive acquisition path.

Can Metaplanet Weather The $107,716 Price Floor?

Metaplanet, often referred to as Asia’s answer to Strategy, is feeling the sting of the recent downturn.

With an average purchase price of $107,716 per Bitcoin, the company is currently sitting on an unrealised loss of nearly 39%.

On 6 February 2026, the company's stock closed down 5.56% at 340 yen (approximately $2.16) on the Tokyo Stock Exchange.

Over the last six months, shareholders have seen the stock price plummet by more than 63.4%.

CEO Simon Gerovich addressed the mounting pressure on social media, acknowledging the strain on investors while reaffirming the company’s long-term vision.

Gerovich stated,

“[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.”

To fund this continued expansion and manage existing obligations, the firm is preparing to raise up to $137 million through a mix of common shares and stock acquisition rights.

How Are Other Corporate Whales Handling The Drawdown?

The trend of holding firm is shared by other major players, though their balance sheets tell a grim story of the current market.

Strategy, the world’s largest public holder of the asset, reported a massive $12.4 billion net loss for the final quarter of 2025 as the market price slipped below its average cost of $76,052.

Despite this, the firm added another 855 BTC (worth roughly $75 million) to its reserves just this week.

Strategy’s CEO, Michael Saylor, has remained characteristically unfazed, noting that the company’s capital structure remains “stronger and more resilient” with no major debt due until 2027.

Saylor has previously dismissed liquidation fears, suggesting that Bitcoin would need to drop to $8,000 before such concerns became reality.

Will Other Digital Assets Follow The Same Pattern?

The pressure is not limited to Bitcoin-centric treasuries.

Ethereum-focused entities are also grappling with the market's "risk-off" sentiment.

Bitmine, a prominent Ethereum treasury, currently holds approximately 1.17 million Ether, but this massive stockpile represents over $8.25 billion in unrealised losses.

As of Friday, the Crypto Fear & Greed Index plunged to its lowest reading since May 2022, signalling extreme fear among investors.

This sentiment shift follows broader macroeconomic concerns that have left the wider crypto market suffering one of its harshest drawdowns in years.