Metaplanet Inc. CEO Simon Gerovich on Tuesday reaffirmed the company’s long-term commitment to its Bitcoin treasury strategy, highlighting major growth in holdings despite early volatility and sharp declines in share value last year.
In a post on X (formerly Twitter), Gerovich shared that Metaplanet’s Bitcoin reserves have expanded significantly from 246 BTC a year ago to more than 16,000 BTC as of this month. The company, which has modelled its approach on U.S.-based MicroStrategy, has steadily acquired Bitcoin through corporate financing initiatives.
The update comes as part of Metaplanet’s broader effort to align its balance sheet with a Bitcoin-centered reserve strategy launched 15 months ago.
Stock Recovery Follows Initial Drop
At the time of the initial strategy announcement, Metaplanet’s stock fell sharply, losing over 70% in six trading sessions—dropping from ¥300 to ¥89. The decline raised concerns among investors over the company’s aggressive pivot into Bitcoin at a time of market uncertainty.
Despite early setbacks, Gerovich stated that the company remained operationally focused and “still executing” on its roadmap. “We are smarter, stronger, and more efficient than ever,” he added, while acknowledging market volatility as a continued risk.
The company’s current position places it among a growing list of firms with large-scale exposure to Bitcoin as a treasury asset. Metaplanet’s holdings now amount to over 66 times what it held one year ago, though the exact value fluctuates with market price.
Investor Communication and Outlook
In the same post, Gerovich emphasized transparency and engagement with stakeholders, stating, “We read your messages. We hear your concerns.” He assured that the company does not plan to deviate from its stated strategy and remains committed to reaching its long-term targets.
Gerovich also alluded to the volatility inherent in their approach, referencing a goal to join what he described as the “1% club”—a likely reference to corporations with significant Bitcoin reserves.
The company has not announced any changes to its acquisition schedule or financial strategy but continues to update investors via public channels. As of the latest reports, Metaplanet remains one of the most prominent Bitcoin-focused public companies in Asia.
