Japanese public company Metaplanet is making waves in the crypto space, targeting a massive 10,000 Bitcoin treasury before the year concludes. CEO Simon Gerovich confirmed the firm has already amassed 4,855 BTC, securing its position as Asia’s top publicly traded Bitcoin holder and ranking 10th worldwide.
Addressing potential investor jitters about market fluctuations, Gerovich emphasized a long-term vision focused on corporate value over immediate gains. He pointed to key metrics supporting this strategy, noting that Bitcoin holdings per share have jumped an impressive 119.3% since January, crushing the 35% quarterly goal.
The company’s growth isn’t solely from buying Bitcoin directly. Gerovich highlighted a sophisticated financial approach that effectively added 2,174 BTC (worth approximately ¥27 billion or $175 million) to their value proposition through strategic financial maneuvers.
This Bitcoin-centric approach is attracting significant attention. Metaplanet saw its shareholder base explode from below 10,000 in late 2021 to 65,000 by early 2023, signaling strong retail interest. Institutional investors are also taking notice, with Metaplanet stock featuring in various ETFs and market indexes.
The push towards the 10,000 BTC milestone by the end of the year is ambitious, potentially requiring over $463 million based on current Bitcoin price analysis. Asserting “We’re just getting started,” Gerovich reassured stakeholders of his personal commitment and alignment with their long-term interests centered on digital asset growth.
Metaplanet’s aggressive accumulation strategy mirrors a growing movement among corporations globally, increasingly viewing Bitcoin not just as an investment, but as a fundamental component of their corporate treasury reserves. This trend reflects a search for alternative stores of value amid global economic uncertainty.