Metaplanet CEO: BTC Holdings Have Increased 66-Fold Compared to a Year Ago, Will Continue to Adhere to Bitcoin Treasury Strategy
According to Jinse Finance, Simon Gerovich, CEO of Metaplanet—a Japanese publicly listed company that has adopted a Bitcoin strategy—shared on the X platform that about a year ago, the company held only 246 BTC, and its stock price plummeted by 70% over six trading days, dropping from 300 yen to 89 yen. However, Metaplanet’s Bitcoin holdings have now increased 66-fold (to approximately 16,352 BTC). The company is still pursuing the Bitcoin treasury strategy it set out 15 months ago. Although some investors have expressed concerns and the path toward joining the “1% Club” has been challenging, Metaplanet “will not walk away.”
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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