Metaplanet CEO Simon Gerovich Addresses Shareholder Concerns on X Platform
Tokyo, Japan – Metaplanet Inc. (TSE: 3350) CEO Simon Gerovich has publicly responded to shareholder concerns regarding recent stock price volatility in a post on X (formerly Twitter). The executive emphasized the company's commitment to transparent communication, stating: "We take all shareholder feedback seriously and appreciate the ongoing trust in our long-term vision."
Bitcoin Strategy Driving Growth
The Tokyo-based investment firm has aggressively expanded its Bitcoin treasury, now holding 4,855 BTC – making it:
• Asia's largest Bitcoin-holding public company
• Ranked #10 globally among corporate BTC holders
• Delivering 119.3% YTD returns on Bitcoin investments (as of July 2024)
2024 Roadmap Remains on Track
Despite market fluctuations, Metaplanet reaffirms its ambitious target to accumulate 10,000 BTC by year-end. Gerovich acknowledged short-term price movements but stressed: "Our fundamental valuation will reflect in the mid-to-long term as our Bitcoin strategy matures."
Investor Implications:
• Volatility Warning: Bitcoin exposure may increase stock price swings
• Strategic Pivot: Transition to Bitcoin-centric treasury signals high-risk/high-reward approach
• Institutional Validation: Growing corporate BTC adoption could attract new investor demographics
• Liquidity Considerations: Large BTC holdings may impact balance sheet flexibility during crypto winters