BTC Climbs Briefly as Moving Averages Turn Bearish, ETFs Hint at Market Caution

Metaplanet (MTPLF) will pause the exercise of its 20th to 22nd series of Moving Strike Warrants from Oct. 20 to Nov. 17, affecting warrants issued via a third-party allotment to Evo Fund. The suspension covers all remaining rights for 20 trading days.

The move temporarily halts sales of common stock for Bitcoin purchases, after the company’s shares fell close to the net value of the Bitcoin on its balance sheet. Executing additional share sales at this level could be dilutive to shareholders.

This trend mirrors the broader Bitcoin treasury market. Despite Bitcoin approaching record highs, shares of similar firms—including KindlyMD (NAKA) and Strive (ASST)—have dropped 80% or more post-SPAC, as investors weigh the premium over the underlying Bitcoin value.

Metaplanet, holding 30,823 BTC and ranking as the fourth-largest corporate Bitcoin holder, described the suspension as a strategic step to manage capital amid changing market conditions. The company intends to continue strengthening its balance sheet, s