Metaplanet CEO Doubles Down on Massive Bitcoin Bet Despite Share Price Slump

In a recent move, Simon Gerovich, CEO of Metaplanet, chose to speak out on X about the apprehensions shared by some stockholders regarding their investment firm’s share value. Over the last day, Metaplanet’s share price fell by 2.3%, and over the past week, it saw a decrease of 4.2%.

As per a translation of Gerovich’s tweet, the goal of the company is to build lasting corporate worth, rather than concentrating on short-term fluctuations in stock prices.

We’ve received concerns about the stock price from our shareholders. While we take these sentiments seriously, I want to express my heartfelt gratitude to those of you who continue to support our vision even amidst the unstable market conditions.

Shareholders have expressed their worries about the stock price, but we appreciate your unwavering support for our vision, especially in these challenging market times.)

— Simon Gerovich (@gerovich) April 22, 2025

Gerovich expressed gratitude towards stakeholders for their backing and mentioned that the company is committed to a long-term Bitcoin strategy, which is underpinned by crucial performance metrics to monitor advancement. [BTC: $90,789 with 24h volatility of 3.7%, market cap of $1.80 trillion, and 24h volume of $44.34 billion]

Bitcoin Key Indicators

The CEO pointed out an area where Metaplanet is expanding significantly: their substantial Bitcoin reserves. Currently, they have the most extensive Bitcoin hoard in Asia and are ranked tenth worldwide, only slightly behind Michael Saylor’s company, Strategy, which has just acquired 6,556 BTC. According to Gerovich, Metaplanet aims to amass a total of 10,000 BTC by the year 2025.

On Metaplanet, we monitor Bitcoin return (yield) to gauge the efficiency of our Bitcoin acquisition in relation to the value we provide to our shareholders. A significant measure here is Bitcoin per share, indicating the amount of Bitcoin each shareholder essentially holds.

As per Gerovich’s statement, this figure has seen a significant surge of about 119.3% from the beginning of the year, surpassing their anticipated 35% growth for each quarter. This implies that shareholders have almost doubled their Bitcoin holdings in the year 2024.

According to Gerovich’s report, Metaplanet saw a boost in its Bitcoin holdings, amassing an extra 2,174 Bitcoins. This new addition is worth approximately 27 billion yen based on the latest exchange rates.

Other Key Performance Indicators

Besides focusing on Bitcoin statistics, Gerovich pointed out that the number of Metaplanet shareholders increased substantially, from 10,000 in December 2011 to 65,000 in March 2013. This surge, according to him, is due to the faith investors have in Metaplanet’s business strategies.

In a recent post, Gerovich suggested that there’s been an increase in institutional investor interest towards the Bitcoin treasury. Furthermore, he mentioned that Exchange-Traded Funds (ETFs) and indices are now including Bitcoin shares as part of their portfolios.

Metaplanet’s recent purchase of 330 Bitcoin for $28.2 million on April 21 has boosted their Bitcoin holdings to a total of 4,855 BTC, cementing its status as one of the largest public Bitcoin holders in Asia and among the top 10 globally.

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2025-04-22 20:05