Metaplanet CEO Simon Gerovich Advocates Long-Term Bitcoin Strategy Amid Price Concerns

Metaplanet has become Asia’s largest Bitcoin treasury holder with plans to amass 10,000 BTC by 2025. CEO Simon Gerovich defended the company’s long-term strategy amid recent share price declines, reporting a 119.3% increase in BTC per share. The firm aims to build investor trust as institutional interest in their treasury grows.

Metaplanet has emerged as Asia’s leading entity in Bitcoin holdings, with aspirations to accumulate 10,000 BTC by the close of 2025. Despite a 2.3% drop in share price recently, CEO Simon Gerovich reported a 119.3% increase in BTC per share year-to-date, surpassing the firm’s quarterly target of 35%.

Gerovich addressed shareholders’ concerns on social media regarding the stability of share prices, emphasising that Metaplanet’s focus is on generating long-term corporate value over immediate stock price fluctuations. He expressed gratitude to supporters who remain confident in the company’s vision during turbulent market conditions.

The significance of Metaplanet’s BTC holdings was illustrated, as they now possess the largest treasury in Asia and rank tenth globally, following prominent investors like Michael Saylor. Gerovich confirmed that Metaplanet’s BTC per share metric, indicative of individual shareholder ownership, had risen substantially, effectively doubling shareholder exposure to Bitcoin this year.

He revealed that recent strategic manoeuvres had led to the acquisition of 2,174 additional BTC, valued at approximately 27 billion yen, enhancing the company’s assets further. In addition to Bitcoin metrics, the CEO noted a remarkable expansion in the shareholder base, which surged from 10,000 in December 2011 to 65,000 by March 2013, signalling mounting trust in the company’s direction.

Concluding his address, Gerovich indicated that Metaplanet’s burgeoning Bitcoin treasury is drawing increased interest from institutional investors, with shares now being incorporated into ETFs and indexes. This communication followed Metaplanet’s latest acquisition of 330 BTC for $28.2 million, elevating their total holdings to 4,855 BTC, reinforcing their dominance in the public Bitcoin market.