Metaplanet Holds $3.78B Bitcoin Bet as Stock Faces Key Test
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Bitcoin Holdings Scale: Metaplanet holds 35,102 Bitcoins valued at approximately $3.78 billion, and despite the current Bitcoin price near $88,000 leading to around $504 million in unrealized losses, the company's long-term holding strategy reflects confidence in future market conditions.
- Quarterly Buying Strategy: In Q4, Metaplanet added 4,279 Bitcoins worth about $451 million at an average purchase price of $105,412, indicating that the company is focused on building a robust Bitcoin balance sheet for future use rather than engaging in short-term speculation.
- Stock Price Volatility Range: Metaplanet's stock trades around ¥405, with a drop below ¥388 posing risks toward ¥335, while a breakout above ¥478 could target ¥534, highlighting the market's sensitivity to Bitcoin's movements.
- Market Sentiment Divergence: Investor opinions on Metaplanet are divided, with some viewing the ongoing Bitcoin accumulation as a smart strategy, while others express concerns about the risks at current prices, which could influence future stock performance.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
