Metaplanet CEO Simon Gerovich's Bitcoin Statement: "We're Just Getting Started!" Here are the Details

Metaplanet CEO Simon Gerovich reaffirmed the company's long-term commitment to Bitcoin by doubling down on its treasury strategy and its vision to become one of the most valuable companies globally, despite the recent drop in stock price.

Metaplanet CEO Reassures Investors Amidst Stock Price Drop: "We Are Just Getting Started"

Speaking on social media early Tuesday, Gerovich addressed shareholder concerns regarding the stock performance of Metaplanet, which dropped 15.8% last month and has declined 7.6% since the beginning of the year. "Some shareholders have expressed their concerns about our stock price. We take these concerns seriously and are grateful for your continued support even in today's volatile market environment," he said.

Despite the recent pullback, Metaplanet's shares have increased by over 860% since the company aggressively started accumulating Bitcoin in April 2024.

Gerovich emphasized that the mission of the company listed on the Tokyo Stock Exchange is to create "long term institutional value" through its Bitcoin treasury company identity, rather than short-term stock fluctuations.

"We are consistently implementing a clear strategy aimed at becoming one of the most valuable companies in the world," he said. "We are just getting started."

Last week, Metaplanet purchased an additional 330 BTC for approximately 28 million dollars, bringing their total Bitcoin assets to about 430 million dollars, equivalent to 4,855 BTC.

This reinforces Metaplanet's position as the tenth largest globally following Michael Saylor’s Strategy in terms of the largest institutional Bitcoin holder and purchase speed in Asia.

Metaplanet uses proprietary performance indicators such as BTC Yield and growth in BTC assets per share to measure the impact of its strategy. Year-to-date, the company has achieved a BTC Return of 119.3%, significantly above its quarterly target of 35%.

Gerovich said, "This means that those who have been shareholders since the beginning of the year have roughly doubled their BTC per share."

Another criterion, BTC Kazancı, reflects Metaplanet's financial creativity. For example, using options strategies to obtain more Bitcoin than what is possible with standard spot purchases.

In one instance, the company used a cash-collateralized put option of $62.7 million to purchase Bitcoin worth $67.9 million. In total, such tactics earned the company an additional 2.174 BTC.