📉 Metaplanet’s stock takes a heavy hit — tumbling 22% in th
OG Analyst
Updated at: 16 hours ago
{"content":"📉 Metaplanet’s stock takes a heavy hit — tumbling 22% in the past week and sliding to ¥709(4.79$), its lowest level since May 19. That’s now a staggering 63% below this year’s peak, making the company one of the weakest performers among Bitcoin treasury holders.
Once celebrated as “Japan’s MicroStrategy,” the hotel operator has aggressively pivoted into Bitcoin, amassing 20,000 BTC and becoming the sixth-largest public Bitcoin holder. But despite building a treasury worth $2.2B, investor sentiment has soured as its $5B enterprise value leaves a worrying $2.79B gap.
🔎 Why the pain may not be over:
Price broke below a critical ¥723 (4.88$) support, signaling further downside.
The RSI remains bearish.
A looming 50/200-day death cross could deepen the selloff.
Sellers may target ¥500 (3.38$) support next, especially if Bitcoin stays range-bound.
⚡ Still, even after this slump, Metaplanet stands out as one of Japan’s most explosive stocks—having rallied over 3,980% from its 2024 lows.","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025092025/09/08/667d8ec9b65d46dc9f1a45dc97a8fc51.jpg"],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}