Metaplanet CEO Addresses Shareholder Concerns Amid 2.3% Share Price Drop
Simon Gerovich, CEO of Metaplanet, addressed shareholder concerns regarding the company's share price, which fell 2.3% in the past day and 4.2% over the past week. He emphasized the focus on long-term corporate value rather than short-term stock price fluctuations.
Key points from Gerovich's statements include:
- Metaplanet has the largest Bitcoin holdings in Asia and ranks tenth globally.
- The firm aims to reach 10,000 BTC by the end of 2025.
- Since the start of the year, BTC per share has increased by 119.3%, exceeding the quarterly target of 35%.
- Metaplanet generated an additional 2,174 BTC, valued at approximately 27 billion yen.
- Shareholder base grew from 10,000 in December 2011 to 65,000 in March 2013.
- The Bitcoin treasury is attracting more institutional investor interest, with ETFs and indexes incorporating shares.
Recently, Metaplanet acquired 330 BTC for $28.2 million, raising its total holdings to 4,855 BTC.