Metaplanet, a Japanese investment firm, reported a 39% decline in its Bitcoin valuation gains for the third quarter, reflecting the ongoing impact of October's crypto market crash on corporate treasuries. The company recorded 10.6 billion yen ($1.4 billion) in Bitcoin gains, down from 17.4 billion yen ($2.4 billion) in the previous quarter. Despite the downturn, Metaplanet maintains that its Bitcoin Treasury Business is progressing as planned, unaffected by short-term price fluctuations. The firm, which aims to acquire 210,000 Bitcoin by 2027, also reported a $26 million stock amortization cost for the quarter. Metaplanet's Bitcoin holdings, acquired at an average cost of $108,000 per coin, are currently 5% underwater, with the current BTC price at $103,000. Additionally, the company's stock price has fallen over 27% in the past month, amid reports of potential new restrictions on cryptocurrency holding firms by the Japan Exchange Group.