Metaplanet Maintains Aggressive BTC Accumulation Amid 2026 Market Crash
Tokyo-listed Metaplanet has confirmed it will continue an aggressive Bitcoin (BTC) accumulation strategy despite a sharp market downturn that pushed BTC as low as about $60,000 before a rebound above $65,000. CEO Simon Gerovich said the plan is unchanged: the firm will steadily accumulate Bitcoin, expand revenue and prepare for future growth. Metaplanet holds 35,102 BTC (fourth-largest among public corporate treasuries) and targets 210,000 BTC by end-2027. The company recently proposed a potential capital raise of up to ¥21 billion (~$137m) via new shares and stock acquisition rights to reduce debt and buy more BTC. The sell-off has tightened liquidity, driven the Crypto Fear & Greed Index to “Extreme Fear” and widened unrealized losses across corporate BTC treasuries. Despite a roughly 5–8% drop in Metaplanet’s stock and sizable paper losses after a 24‑hour BTC decline (~6.8% to ~$65,865 at reporting), management has not signaled any liquidation. For traders: sustained corporate accumulation amid extreme fear can underpin demand and reduce available supply, but near-term volatility and analyst downside scenarios (some forecasts as low as ~$38,000) mean risk remains elevated. Monitor on‑chain outflows, Metaplanet’s actual purchase announcements and the company’s capital-raise execution for clues on buying velocity and market liquidity.
Neutral
Metaplanet’s commitment to continue accumulating BTC supports long-term demand and can reduce available supply from a key corporate holder, which is a bullish structural factor. However, the immediate market context—sharp price drops, extreme fear sentiment, tightened liquidity and significant unrealized losses across corporate treasuries—creates elevated short-term downside risk. Metaplanet has not disclosed specific new purchases or timing, and a planned capital raise may take time to execute, so near-term price pressure could persist. Therefore, the net expected price impact is neutral: the company’s buying intention is a stabilizing, bullish signal for long-term holders, but it may not be sufficient to offset short-term selling pressure and liquidity-driven declines. Traders should watch on‑chain transfers, actual corporate buy orders, the outcome and timing of Metaplanet’s capital raise, and overall market liquidity to reassess directional bias.