Metaplanet’s Bitcoin Gamble Could Redefine Corporate Cryptocurrency Holdings

Metaplanet Inc., the Tokyo-based hotel operator recently known for its substantial Bitcoin holdings, is about to face a crucial four-week period that could significantly reshape how publicly traded companies manage cryptocurrency on their balance sheets. The company currently faces an unrealized loss of around $651 million from its 30,823 BTC investment, despite posting record profits and preparing a complex preferred-share deal designed to test whether this model can actually withstand a prolonged Bitcoin downturn.