According to Cointelegraph, Metaplanet has paused Bitcoin acquisitions since late September without providing a public explanation, amid ongoing stock price declines.
Metaplanet, a Japan-based Bitcoin treasury firm, has not increased its Bitcoin holdings since September 30, according to Cointelegraph. The reason for halting acquisitions remains undisclosed. The company’s stock fell sharply from a June 15 peak of ¥1781 to ¥398 by December 8, reflecting investor concerns over its stalled asset accumulation strategy.