$BTC $680M PAPER LOSS — Metaplanet’s Bitcoin Bet Is Being Stress-Tested
Metaplanet just dropped a brutal update that’s shaking Crypto Twitter. The company reported $680 million in unrealized losses on its Bitcoin holdings for 2025, with projections pointing to a $640M ordinary loss, $498M net loss, and a staggering $351M hit to shareholders. Final numbers are expected on February 16 — and the market is watching closely.
On paper, it looks ugly. Very ugly.
But Metaplanet isn’t backing down. Management openly admitted short-term volatility is unavoidable, yet they doubled down on one thing: their long-term Bitcoin strategy remains intact. No panic selling. No strategy pivot. Just conviction — and patience.
This raises a bigger question for the entire market:
Is this reckless exposure… or the kind of pain that historically comes before massive conviction wins?
Because in Bitcoin, unrealized losses are only fatal if you quit.
Who’s really built for volatility — and who isn’t?
Follow Wendy for more latest updates
