#metaplanet

➤ A growing number of companies holding Bitcoin treasuries are trading below the market value of their crypto assets, potentially forcing liquidations. ➤ The combined $148B in corporate Bitcoin treasuries and $150B in Bitcoin ETFs represents a significant concentration of capital, creating a feedback loop for price corrections. ➤ Investors should monitor companies trading below 1.0 mNAV, capital raise activity, and ETF redemption data for potential market shifts.

➤ Public crypto treasury activity has slowed, with major firms like Strategy (formerly MicroStrategy) and BitMine pausing new purchases, though four smaller firms collectively acquired 612 BTC. ➤ Despite the slowdown, institutional interest in cryptocurrencies remains resilient, with corporate treasury accumulation viewed as a key long-term demand driver for Bitcoin, especially post-halving. ➤ The article highlights the growing trend of public companies holding Bitcoin as a reserve asset for inflation hedging and diversification, alongside increasing interest in Ethereum for staking yields and tokenized finance.

➤ Bitcoin for Corporations (BFC) is hosting the first dedicated institutional Bitcoin symposium in New York City on June 26-27, 2026. ➤ The event aims to bring together executives leading corporate Bitcoin strategies, focusing on treasury, digital assets, and digital asset credit. ➤ Presented by Metaplanet, the symposium will feature keynotes, panels, and networking opportunities for approved institutional attendees.

➤ Metaplanet CEO met with Japanese lawmaker Junichi Kanda to discuss Bitcoin strategy and potential policy alignment. ➤ The company plans to raise $137M for Bitcoin purchases and invest in Bitcoin-related financial infrastructure, including perpetual preferred shares. ➤ The meeting highlights Japan's growing engagement with corporate Bitcoin strategies and the potential integration of Bitcoin into traditional capital markets.

➤ The confirmation of a new Fed Chair and a 'marketing winter' in crypto are key events, alongside the significant growth of tokenized gold. ➤ Tokenized gold has seen explosive institutional demand, while major exchanges like Binance and Bybit are cutting back on high-cost marketing. ➤ The article also touches on corporate Bitcoin holdings volatility, retail activity pullback (except Uniswap), and institutional growth in lending and platforms.

➤ Metaplanet's stock declined due to a significant $725M net loss in Q1 FY2026, primarily driven by Bitcoin valuation writedowns, despite strong operational performance. ➤ The company's operating income surged 282% to $14.4M, fueled by Bitcoin derivatives and options trading, and its Bitcoin treasury expanded to 40,177 BTC. ➤ Despite the net loss and a delayed preferred share listing, Metaplanet maintained its Bitcoin accumulation strategy, utilizing its credit facility, and kept its full-year financial guidance unchanged.

➤ Metaplanet is significantly expanding its Bitcoin treasury strategy, now holding nearly 87% of Bitcoin owned by Japanese publicly listed companies. ➤ Japan is actively developing its digital capital markets with initiatives in stablecoins, tokenized bonds, and updated crypto regulations, signaling a move towards blockchain-based financial systems. ➤ Metaplanet aims to leverage Japan's evolving digital asset landscape by positioning itself at the center of these emerging markets through Bitcoin-backed financing and continued asset accumulation.

➤ Metaplanet reported strong Q1 operating income driven by Bitcoin income generation activities, despite significant non-cash valuation losses due to Bitcoin's price decline. ➤ The company expanded its Bitcoin holdings to over 40,000 BTC, positioning itself as a major publicly listed Bitcoin treasury, utilizing equity and Bitcoin-backed borrowing. ➤ Despite volatile market conditions, Metaplanet maintained its full-year revenue and operating profit targets, but withheld net income guidance due to Bitcoin price sensitivity.