Strategy inc. Scheme Metaplanet Is this scam？

 Strategy inc                                                                                     Feb 06 2026

Scheme

They raise huge amounts of money from wealthy individuals through the issuance of corporate bonds and stocks, which they use to purchase Bitcoin and drive up the price of Bitcoin.

Normally, if the price goes up, you will sell it and make a profit. This company focused on collecting Bitcoin. They continued to take out loans using Bitcoin as collateral and buy Bitcoin.

Result

• They used the money which collected from investors to drive up the price of Bitcoin, allowing other investors who were not involved with Strategy to make money.

• Customers who bought Strategy shares suffered losses as stock prices fell

• The price of Bitcoin also fell.

Holds the world's largest amount of Bitcoin, with 713,502 coins

Average purchase price $76,047

Current Bitcoin price: 65,144 USD

Unrealized loss

Current Bitcoin price $65,144 - average purchase price $76,047 = -10903

Unrealized loss of 1 Bitcoin - $10903 x 713,502 total coins = - $7779312306

Total unrealized loss -$7,779,312,306

Total debt -$8.2 billion early 2026

Total unrealized losses and regular debt -$8.2 - $7.77 = 15.97 billion

Total: 15.97 billion plus interest on debt

This business model is unheard of and is the most ridiculous scam in history. What's worse is that the people involved and their followers have no idea what's going on.

Such business models should be restricted.　

As of February 2026, 11 U.S. public pension funds are facing roughly $337 million in paper losses due to their investments in Strategy Inc. (formerly MicroStrategy, MSTR), a firm heavily focused on leveraged Bitcoin purchases. The stock has experienced a 67% decline over the past six months, causing 10 out of the 11 funds to see their positions drop by approximately 60%

Metaplanet　A copycat of Strategy Inc.

Scheme

They raise huge amounts of money from Japanese investors by issuing corporate bonds and stocks, purchasing Bitcoin, and driving up the price of Bitcoin.

Normally, if the price goes up, you would sell it and make a profit. This company focused on collecting Bitcoin. They continued to take out loans using Bitcoin as collateral and buy Bitcoin.

Result

• They collected from investors to drive up the price of Bitcoin, allowing other investors who are not involved with Metaplanet to make money. Because there are few Japanese Bitcoin buyers due to tax reasons, they also made money for Americans, who make up the majority of virtual currency purchases.

• Customers who bought Strategy shares suffered losses as stock prices fell

• The price of Bitcoin also fell.

• They entered late and ended up with a high average purchase price of $107,716.

Unrealized loss

Current Bitcoin price $65,144 - Average purchase price $107,716 = - $42572

Unrealized loss of one Bitcoin - $42572 x total Bitcoin holdings 35,102 coins

= - $1,494,362,344

Total unrealized losses - $1,494,362,344 =234.6 billion yen

Debt -21 billion yen

Total -255.6 billion yen and interest on debt

This business model is unheard of and is the most ridiculous scam in history. What's worse is that the people involved and their Japanese followers have no idea what's going on.

They should voluntarily apply for delisting to prevent further damage.

Insolvent Assets

To maintain listing on the Prime, Standard, and Growth markets, a company must have positive net assets. Becoming insolvent violates the listing maintenance criteria and will be delisted, so be careful.

If a company falls below the listing maintenance criteria, it must generally meet the criteria within one year or be delisted. If a company is found to have fallen below the criteria, it must submit initiatives and an implementation plan for improvement within three months.

In addition, a company will be delisted if its outstanding shares fall below 35% (in the Prime market), so consideration should be given not only to assets but also to the ownership percentages of major shareholders.

Impact of Bankruptcy

Company: Assets will be seized and liquidated or disposed of by the bankruptcy trustee.

Employees: Employees may be fired, and salaries and retirement benefits may not be paid.

Business Partners: Accounts payable and receivable may become uncollectible (bad debt).

35,102 Bitcoin collateral seized and sold.

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