Metaplanet Stock Price Has Come Crashing Down More Than 9%

Metaplanet stock price has come crashing down more than 9%, slipping under 400 JPY levels, despite the firm announcing its 2 billion JPY Bitcoin purchase plan.

Metaplanet's stock price tumbled more than 9% on Monday, slipping below the 400 JPY level even as the firm announced the issuance of 2 Billion JPY in 0% bonds to fund further Bitcoin purchases and Eric Trump joined the company's board of advisors.

The Japanese firm is planning to issue the 10th Series of Ordinary Bonds, with a total amount of 2 Billion JPY to EVO FUND. The officials stated that these funds would be used exclusively for funding Bitcoin purchases.

These zero-interest bonds, each with a face value of ¥50 million, are scheduled for redemption on September 30, 2025. Simon Gerovich, Representative Director of Metaplanet, was present for the bond issuance. In a message on the X platform, Gerovich added: "Buying the dip!"

Earlier this year, Bitcoin miner Marathon Digital also announced a $2 billion stock sale to fund its Bitcoin purchases ahead.

Metaplanet began investing in Bitcoin in June of last year and has rapidly expanded its holdings. In less than a year since adding Bitcoin to its balance sheet, the Japanese firm has already accumulated 3,350 BTC at an average purchase price of $83,000 per BTC.

To execute its BTC purchase plan moving ahead, the firm has also tapped Eric Trump, son of former President Donald Trump, to join its board of advisers.

Despite the latest development, the stock price has come under severe selling pressure, dropping by 23% over the past week after a strong rally in early March.

Trump 'Liberation Day' to Kick In On April 2nd

As the global markets prepare for the Trump “Liberation Day” set to kick in on April 2nd, Japan’s stock market dropped more than 4% in the early trading hours on Monday, 27th March.

Bitcoin price sees continued selling pressure, slipping under $81,500 as markets brace for greater macro uncertainty this week. This overall development has led to further selling pressure on the Metaplanet stock in recent days.

Global market is bracing for major turbulence ahead as risk-ON assets face strong selling pressure as President Trump’s reciprocal tariffs are set to come into effect. Trump has declared Wednesday as “Liberation Day,” kicking off a wave of new tariffs. The U.S. is set to impose 20%+ tariffs on imports from over 25 countries, targeting goods valued at over $1.5 trillion by the time they reach consumers.

Amid this massive uncertainty, the Gold price is eying a solid $3,100 levels today as investors seek safer havens. Meanwhile, the S&P 500 is expected to open with another round of weakness, building on Monday’s 1.2% decline.

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