‘We will never sell’: Metaplanet stands firm as Bitcoin losses top $1.2B

Simon Gerovich, the CEO of Japan-based Bitcoin treasury agency Metaplanet, has acknowledged that the continued crypto rout has been painful. 

In late 2025, the agency’s stash (35,012 BTC) noticed a paper lack of $619 million following the BTC worth crash. The unrealized loss has now doubled to over $1.2 billion as of February. 

Nevertheless, Gerovich assured that the agency has no plan to dump its stash if the crypto winter deepens, adding that, 

“Our technique stays unchanged. We exist to build up Bitcoin and develop Bitcoin per share, which we elevated by over 500% in 2025. We’ll by no means promote our Bitcoin.”

On Bitcoin’s subsequent path, Gerovich, like Constancy and most analysts, was cautiously optimistic of a possible market backside round $60K. 

“I personally consider Bitcoin might have discovered a ground round $60,000, although I maintain that view with humility. No one is aware of.”

However he maintained that BTC will seemingly print a brand new all-time excessive and slammed critics of Bitcoin treasury corporations. 

Bitcoin sees spike in draw back bets

Within the quick time period, nevertheless, demand for draw back safety remained robust, with some eyeing a possible BTC worth dip under $60K. 

In keeping with the Choices monitoring platform, Laevitas, there was a surge in bearish bets, eyeing $58K and $55K in late February and March. 

“Draw back safety stays in demand. Over the previous few hours: 1864 BTC $58K places purchased for 27FEB26 ($687.72k), 276 BTC $58K places purchased for 6MAR26 ($205.14K). Additionally, 600 BTC $55K places purchased for 27MAR26 ($551.18K) on Feb 17.”

The above positioning was fascinating as a result of the broader put/name ratios had been nonetheless constructive and leaned bullish.

This underscored that, regardless of the potential for a rebound, large gamers remained cautious that one other leg down might happen earlier than a real market backside is fashioned. 

Even so, Bitfinex analysts famous that whales have scooped up 200,000 BTC up to now 30 days. In keeping with them, the continued whale accumulation bolstered their price-range outlook, adding to that, 

“That may stabilise worth, however upside is often slower and range-bound till retail spot demand will increase. Affirmation is spot-led continuation, not leverage-led spikes.”

Supply: CryptoQuant/Bitfinex 

Ultimate Abstract 

• Metaplanet CEO was cautiously optimistic that BTC might backside out above $60K, including that the Bitcoin treasury agency received’t promote its BTC holdings. 
• Whales scooped 200K BTC and will drive the sideways construction above $60K, however there was rising demand for draw back safety.