Daniel Walker
Simon Gerovich, CEO of Japanese bitcoin treasury firm Metaplanet, has responded to growing shareholder concerns following a significant drop in the company’s stock price, emphasizing that short-term movements don’t reflect the company’s long-term vision.
In a statement shared on X (formerly Twitter), Gerovich acknowledged recent investor worries, saying:
“We understand the concerns and truly appreciate the ongoing support of our shareholders despite today’s unpredictable market dynamics.”
Metaplanet’s stock, listed in Tokyo, has fallen 2.3% over the past 24 hours, 4.2% over the week, and 15.8% in the past month. These declines come as investors shift away from bitcoin proxy stocks such as Metaplanet and Michael Saylor’s MicroStrategy. Year-to-date, Metaplanet shares are down 7.6%, though the company has still recorded an impressive 860% gain since adopting its bitcoin strategy in April 2024.
Metaplanet Reinforces Long-Term Bitcoin Strategy
Gerovich reiterated that Metaplanet’s primary mission is to build sustainable corporate value rather than react to day-to-day price swings.
“We’re methodically executing our Bitcoin Treasury strategy, with the aim of becoming one of the world’s most valuable companies,” he said. “And we’re proving our momentum with measurable performance indicators.”
Last week, Metaplanet announced the acquisition of an additional 330 BTC, valued at around $28 million, despite global uncertainty fueled by President Trump’s renewed tariff policies. The firm’s total Bitcoin holdings now sit at 4,855 BTC (roughly $430 million), making it Asia’s largest corporate bitcoin holder and placing it 10th globally. Gerovich noted that Metaplanet is the fastest-growing bitcoin-holding company in the world, second only to MicroStrategy in terms of volume growth.
Tracking Performance Through BTC Yield and BTC Gain
Metaplanet evaluates its success through two key metrics: BTC Yield and BTC Gain.
BTC Yield tracks the percentage growth of bitcoin holdings per share. Year-to-date, the company has achieved a BTC Yield of 119.3%, exceeding its quarterly target of 35%. This means shareholders who held their positions since January have nearly doubled the amount of BTC per share they effectively own.
Meanwhile, BTC Gain measures how much extra bitcoin Metaplanet secures beyond standard spot purchases through financial engineering. For example, on April 1, the firm acquired $67.9 million worth of bitcoin using only $62.7 million in cash-secured put options—highlighting its creative approach to maximizing returns.
Cumulatively, Metaplanet says these strategies have helped generate an additional 2,174 BTC, a significant boost beyond what spot buying alone would have allowed.
Investor Base Expands Rapidly as Institutional Interest Grows
Gerovich also pointed to a sevenfold increase in Metaplanet’s shareholder base, increased inclusion in exchange-traded funds (ETFs), and growing institutional demand as signs of the company’s rising profile.
“These are not projections — they’re already realized outcomes,” Gerovich stated. “As a shareholder myself, I align my decisions with those of our investors, always prioritizing the long-term value of our shares and the bitcoin per share we deliver.”
Looking Ahead: Patience Over Panic
While Metaplanet’s stock price may not immediately reflect the company’s bitcoin strategy success, Gerovich remains confident.
“Markets don’t always price fundamentals instantly,” he concluded. “But over the medium to long term, we believe our value will shine through. This is only the beginning.”
