On February 6, news broke that despite experiencing the most severe correction in the cryptocurrency market since 2022, Japanese publicly listed company Metaplanet remains committed to the “Bitcoin First” strategy. CEO Simon Gerovich stated on social media that current market volatility will not change the established strategy; the company will continue to steadily increase its Bitcoin holdings while expanding revenue streams to prepare for the next phase of development.
Dragged down by market sentiment, Metaplanet’s stock price closed down 5.56% on the Tokyo Stock Exchange that day, at 340 yen. Despite the pressure on its stock price, the company remains among the top publicly traded Bitcoin treasury companies globally, ranking fourth by holdings, behind Strategy, MARA Holdings, and Twenty One Capital. Latest data shows that Metaplanet currently holds 35,102 Bitcoins.
The price of Bitcoin has fallen about 50% from its all-time high of $126,080 in October 2025, currently hovering around $65,000. Sentiment indicators also declined, with the Fear and Greed Index dropping to lows not seen since the Terra event in 2022. The derivatives market experienced intense volatility as well, with daily long liquidation amounts exceeding $1.8 billion, further amplifying downward pressure.
Major Bitcoin holding companies are generally experiencing unrealized losses. As the largest holder, Strategy recorded a net loss of approximately $12.4 billion in Q4 2025, with an average purchase price higher than the current price. Nevertheless, the company continued to buy 855 Bitcoins this week, demonstrating unwavering long-term confidence.
Similarly, Metaplanet has not signaled any intention to reduce holdings. Its average cost basis is around $107,716, with significant unrealized losses on paper, but management emphasizes a focus on long-term value and the inflation-hedging properties of asset allocation.
Not only Bitcoin, but Ethereum treasury companies are also under pressure. Bitmine holds about 1.17 million ETH, with unrealized losses exceeding $8 billion. The choices made by many companies indicate that, despite short-term volatility, institutional confidence in cryptocurrencies as long-term strategic assets remains intact.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Data: 155.22 BTC transferred from an anonymous address, worth approximately 11.09 million USD
ChainCatcher reports that, according to Arkham data, at 00:43, 155.22 BTC (worth approximately $11.09 million) was transferred from an anonymous address (starting with 1AkTDtK7...) to another anonymous address (starting with 1NErFWRW...).
GateNews1h ago
Bitcoin Poised for Next Leg Down as $73K Precedes Death Cross
Bitcoin is navigating a delicate chart landscape as traders weigh the risk of a protracted bear cycle against the possibility of a renewed bounce. After a March rally, market watchers say a sustained move higher will require a meaningful bullish catalyst to overcome persistent resistance and the wei
CryptoBreaking1h ago
Bitcoin Price Predictions Flip Bullish, But Ethereum Is Still Stuck
Predictors have turned bullish on Bitcoin's near-term price, suggesting a rise to $84,000 before a potential drop. However, analysts remain divided on sustainability, while sentiment for Ethereum is bearish, with expectations of a decline to $1,500.
Decrypt1h ago
Data: In the past 24 hours, the entire network has liquidated $339 million, with long positions liquidated at $182 million and short positions at $157 million.
ChainCatcher reports that, according to Coinglass data, the total liquidations across the entire network in the past 24 hours amounted to $339 million, with long positions liquidated at $182 million and short positions at $157 million. Among these, Bitcoin long positions were liquidated at $67.776 million, Bitcoin short positions at $69.678 million, Ethereum long positions at $38.385 million, and Ethereum short positions at $50.239 million.
GateNews2h ago
BTC 15-minute sharp decline of 0.90%: liquidity gap area and macro risk aversion resonate, triggering short-term selling pressure
On March 5, 2026, from 16:00 to 16:15 (UTC), Bitcoin (BTC) experienced a -0.90% return within a short time window, with the price ranging from 70,800.8 to 71,653.9 USDT, and an amplitude of 1.19%. This anomaly occurred amid heightened market attention, with volatility significantly increasing, investor sentiment turning cautious, and trading volume and on-chain activity remaining high, intensifying short-term trading pressure.
The main driver of this anomaly is that BTC is in a "gap zone" — meaning liquidity above 72,000 USDT is extremely thin, with only about 1% of circulation.
GateNews2h ago
