Metaplanet\u2019s stock has dropped almost 20% in the past month, even though the Japanese company said its Bitcoin (BTC) revenue jumped 116% in the third quarter of 2025 and its holdings grew to 30,823 BTC, worth about $3.7 billion.<\/p>\n
The Tokyo-listed company now ranks as the world\u2019s fourth-largest corporate Bitcoin holder, but investor confidence in its shares continues to falter.<\/p>\n
The situation forced CEO Simon Gerovich to take to X on October 2 to reassure<\/a> shareholders. He drew a parallel with Amazon\u2019s dot-com era slump when Executive Chairman Jeff Bezos reminded investors that \u201cthe stock is not the company, and the company is not the stock.\u201d<\/p>\n Gerovich highlighted that Metaplanet\u2019s Q3 Bitcoin income revenue had gone up 115.7% to \u00a52.44 billion, which is about $16 million, quarter-on-quarter. Meanwhile, operating profit came in 88% higher than forecasts. The company also reported a near debt-free balance sheet, with leverage under 1%.<\/p>\n Its aggressive buying strategy has drawn attention all year. On September 22, Metaplanet bought<\/a> 5,419 BTC for $632.5 million, lifting its holdings to 25,555 BTC at the time. Since then, further acquisitions have taken the stash past 30,000 BTC, cementing its position ahead of rivals like Bullish.<\/p>\n However, stock performance remains volatile. On Friday\u2019s session in Tokyo, shares closed at 622 yen, up 7.43% on the day but far below their yearly peak of 1,930 yen. Furthermore, the stock is down nearly 20% in September alone, even as it maintains a 70% gain year-to-date.<\/p>\n Gerovich noted that the disconnect between balance sheet strength and equity performance was frustrating shareholders.<\/p>\n \u201cIt\u2019s painful for our team, shareholders, and for me personally,\u201d the CEO stated. \u201cBut as with Amazon, fundamentals and share price often diverge \u2014 sometimes for months, sometimes longer.\u201d<\/p>\n He also stressed that the firm\u2019s long-term mandate is clear: accumulate Bitcoin and build revenue streams around it.<\/p>\n Meanwhile, Bitcoin, which saw its price drop sharply toward $112,000 at the end of September, has since stabilized, with the asset trading around $120,000 at the time of this writing.<\/p>\n Market watchers are keeping an eye on this level to see if it can hold as a base<\/a> for a new push toward all-time highs. Some technical analysts say that if the current trend continues, BTC could make a big move up before the end of the year.<\/p>\n The post Metaplanet Shares Tumble 20%, But Q3 Bitcoin Revenue Soars 116%<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Metaplanet\u2019s stock has dropped almost 20% in the past month, even though the Japanese company said its Bitcoin (BTC) revenue jumped 116% in the third quarter of 2025 and its holdings grew to 30,823 BTC, worth about $3.7 billion. The Tokyo-listed company now ranks as the world\u2019s fourth-largest corporate Bitcoin holder, but investor confidence in […]<\/p>\n","protected":false},"author":0,"featured_media":102282,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-102281","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/102281"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=102281"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/102281\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/102282"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=102281"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=102281"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=102281"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Bitcoin Volatility and Market Outlook<\/h2>\n