TLDR Metaplanet’s stock dropped 12% after its enterprise value fell below Bitcoin holdings. Bitcoin price drop contributes to Metaplanet’s stock decline and market uncertainty. The firm’s market capitalization now lags behind its Bitcoin portfolio’s value. Metaplanet faces increased short positions from institutions amid stock struggles. Metaplanet, one of the largest corporate holders of Bitcoin, saw [...] The post Metaplanet Stock Drops 12% as Enterprise Value Falls Below Bitcoin Holdings appeared first on CoinCentral.TLDR Metaplanet’s stock dropped 12% after its enterprise value fell below Bitcoin holdings. Bitcoin price drop contributes to Metaplanet’s stock decline and market uncertainty. The firm’s market capitalization now lags behind its Bitcoin portfolio’s value. Metaplanet faces increased short positions from institutions amid stock struggles. Metaplanet, one of the largest corporate holders of Bitcoin, saw [...] The post Metaplanet Stock Drops 12% as Enterprise Value Falls Below Bitcoin Holdings appeared first on CoinCentral.

Metaplanet Stock Drops 12% as Enterprise Value Falls Below Bitcoin Holdings

TLDR

  • Metaplanet’s stock dropped 12% after its enterprise value fell below Bitcoin holdings.
  • Bitcoin price drop contributes to Metaplanet’s stock decline and market uncertainty.
  • The firm’s market capitalization now lags behind its Bitcoin portfolio’s value.
  • Metaplanet faces increased short positions from institutions amid stock struggles.

Metaplanet, one of the largest corporate holders of Bitcoin, saw its stock drop sharply by 12% on October 14, 2025. This drop came after the company’s enterprise value fell below the value of its Bitcoin holdings for the first time. The decline in stock value, attributed to a recent drop in Bitcoin prices, has raised concerns among investors, with some analysts fearing further losses if the trend continues.

Metaplanet’s Stock Faces Pressure Amid Falling Bitcoin Prices

Metaplanet, a Tokyo-based investment firm, has experienced significant stock losses in recent months. On October 14, the company’s stock plummeted by 12.36%, closing at 482 JPY. This marks a dramatic drop from its previous highs, with the stock now down over 75% from its all-time peak in June 2025. The decline in value is attributed to the recent drop in Bitcoin prices, which fell below $110,000 earlier this month, and has continued to struggle around $112,000.

The company’s stock price has been under pressure since the Bitcoin market experienced a major dip, impacting Metaplanet’s overall financial performance. The firm’s market capitalization and debt have now fallen below the value of its Bitcoin holdings. Metaplanet’s current market value is at 0.99 times the value of its Bitcoin stash, a worrying signal for investors.

Enterprise Value Falls Below Bitcoin Holdings

For the first time, Metaplanet’s enterprise value, which is the combined market capitalization and debt of the company, has dropped below the value of its Bitcoin reserves. The company now holds around 18,113 BTC, worth over $1.85 billion.

Despite this large Bitcoin portfolio, Metaplanet’s stock has continued to decline as investor confidence wanes. This situation is compounded by the company’s failure to generate enough positive news or growth outside of its Bitcoin holdings, which has led to further concern.

The company’s market value now stands at approximately $1.83 billion, which is lower than the value of its Bitcoin holdings. This is a worrying trend, especially for investors who expected the firm to perform better in the crypto market. The situation has drawn comparisons to the performance of other crypto-related firms, where a reliance on Bitcoin prices has led to unstable stock prices and value fluctuations.

Rising Short Positions Amid Uncertain Outlook

The drop in Metaplanet’s stock has led to increased short positions from investors who expect further declines. Major financial institutions, such as Morgan Stanley, UBS, Jefferies, and JPMorgan, have reportedly opened short positions on the company’s stock.

A “death cross” chart pattern, in which the 50-day moving average crosses below the 200-day moving average, has further intensified concerns about the company’s future stock performance.

Traders and institutional investors are increasingly skeptical about Metaplanet’s ability to maintain its market position as Bitcoin prices remain volatile. Some analysts predict that the stock may face more selling pressure if the company’s stock value continues to trail its Bitcoin holdings. The recent trend of declining Bitcoin prices adds to the uncertainty, leaving investors uncertain about the firm’s long-term viability.

A Growing Concern for Investors

Metaplanet’s Bitcoin holdings had once been a key driver of its valuation, but with Bitcoin prices facing downward pressure, the company is struggling to maintain investor confidence.

As the stock continues to struggle, concerns grow that the firm’s business model may be too reliant on Bitcoin’s volatile price movements. Investors will be closely watching Bitcoin’s price trends in the coming weeks to see if Metaplanet can recover or if the stock will continue to decline.

Despite holding a significant amount of Bitcoin, the firm’s stock has failed to reflect its crypto assets’ value, leading to heightened fears among shareholders. As Bitcoin prices remain unstable, Metaplanet faces an uphill battle in restoring market confidence.

The post Metaplanet Stock Drops 12% as Enterprise Value Falls Below Bitcoin Holdings appeared first on CoinCentral.

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