Bitcoin News Today: As Shares Plunge, Metaplanet Doubles Down on Bitcoin Strategy

- Metaplanet Inc., Japan's fourth-largest corporate Bitcoin holder, has temporarily suspended the exercise of its 20th to 22nd series of stock acquisition rights, or warrants, from October 20 to November 17. The move, which affects 398 million potential shares, aims to optimize capital management and accelerate Bitcoin accumulation amid a sharp decline in its stock price.

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The suspension follows a months-long slump in Metaplanet's share price, which has fallen 70% from June highs, trading at a 1.05x multiple of its net asset value (NAV)-the lowest since the firm shifted to a Bitcoin-focused strategy. By halting warrant exercises, the company avoids diluting existing shareholders while redirecting capital toward Bitcoin purchases. "This is a strategic pause to strengthen our financial foundation and maximize BTC yield," said President Simon Gerovich.

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Metaplanet currently holds 30,823 Bitcoin, valued at approximately $3.2 billion, and plans to reach 210,000 BTC by 2027. The company has previously suspended warrant exercises, including a 400-million-share freeze from September 3 to 30. The latest move aligns with broader corporate Bitcoin adoption trends, as firms increasingly treat the asset as a strategic reserve. "Bitcoin's fixed supply and inflation-hedging properties make it a compelling alternative to cash," said a CoinDesk analysis.

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The suspension also reflects evolving market dynamics. While Bitcoin has surged to near-record highs this year, shares of Bitcoin treasury companies-such as KindlyMD (NAKA) and Strive (ASST)-have plummeted as investors question the rationale for paying premiums to balance sheets already loaded with crypto. Metaplanet's share price decline mirrors this trend, with its stock now trading just above its Bitcoin-backed NAV.

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Japan's corporate Bitcoin adoption is gaining momentum, with Metaplanet and Convano Inc. leading the charge. Convano recently announced plans to hold 21,000 BTC by 2027, leveraging Bitcoin as a hedge against yen depreciation. Analysts note that Japan's regulatory clarity and low-interest-rate environment are accelerating corporate adoption, positioning the country as a regional hub for digital asset innovation.

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The move underscores Bitcoin's growing institutional appeal. Global corporate holdings now exceed 1 million BTC, surpassing annual Bitcoin issuance and rivaling sovereign reserves. Metaplanet's strategy, which includes hybrid custody models and dollar-cost averaging, reflects a maturing market where volatility is managed through disciplined capital allocation.

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While challenges remain-such as regulatory scrutiny and price volatility-Metaplanet's actions signal confidence in Bitcoin's long-term value. "The company is fine-tuning its capital-raising strategies to align with its Bitcoin expansion goals," said a Coinpedia analysis. With corporate adoption accelerating and institutional demand rising, Bitcoin's role as a corporate treasury asset appears firmly entrenched.

Source: [1] Metaplanet Pauses Share Sales to Fund Bitcoin Purchases (https://www.coindesk.com/markets/2025/10/10/metaplanet-halts-warrant-exercises-amid-share-price-pressure)

[2] Metaplanet stops Stock Rights to Boost Bitcoin Holdings (https://www.cryptonewsz.com/metaplanet-stop-stock-right-boost-btc-holding/)

[3] JUST IN: Bitcoin-Focused Metaplanet Suspends Share Rights (https://coinpedia.org/news/just-in-bitcoin-focused-metaplanet-suspends-share-rights-to-rethink-strategy/)

[6] Global Corporations Bitcoin Holdings 2025 - Coinpedia (https://coinpedia.org/research-report/global-corporations-bitcoin-holdings-2025/)

[7] Japan's Corporate Shift: Bitcoin as a Treasury Asset (https://shine-magazine.com/japan-corporates-bitcoin-treasury-shift/)

[8] Bitcoin Sentiment in Japan: Trends, Challenges, and Opportunities (https://hayinsights.com/bitcoin-in-japan-trends-challenges-opportunities/)

[10] Corporate Bitcoin Adoption in 2025: The Strategic Treasury (https://www.businessinitiative.org/business-tips/bitcoin-business-treasury-strategy-2025/)