Despite the recent drop in its share price, Metaplanet CEO Simon Gerovich has doubled down on the company’s long-term commitment to Bitcoin, reaffirming its treasury strategy and vision of becoming one of the most valuable companies globally. Metaplanet CEO Reassures Investors Amid Stock Price Drop: “We’re Just Getting Started” Speaking on social media earlier Tuesday, Gerovich addressed shareholder concerns about Metaplanet’s stock performance, which has fallen 15.8% in the past month and is down 7.6% year-to-date. “Some shareholders have expressed concerns about our stock price. We take these concerns seriously and are grateful for your continued support, even in today’s volatile market environment,” he said. Despite the recent pullback, Metaplanet’s shares have surged over 860% since the firm began aggressively accumulating Bitcoin in April 2024. Gerovich emphasized that the mission of the Tokyo-listed firm is to “create long-term institutional value” through its identity as a Bitcoin Treasury company, rather than short-term stock fluctuations. “We are steadily executing on a clear strategy to become one of the most valuable companies in the world,” he said. “We are just getting started.” Last week, Metaplanet purchased another 330 BTC (about $28 million), bringing its total Bitcoin holdings to 4,855 BTC, worth about $430 million. This solidifies Metaplanet’s position as the largest institutional Bitcoin holder in Asia and the tenth largest globally behind Michael Saylor’s Strategy in terms of buying pace. Metaplanet uses proprietary performance indicators such as BTC Yield, growth in BTC assets per share, to measure the impact of its strategy. Year-to-date, the firm has achieved a BTC Return of 119.3%, significantly above its quarterly target of 35%. “This means that those who have held shares since the beginning of the year have roughly doubled their BTC per share,” Gerovich said. Another metric, BTC Earnings, reflects Metaplanet’s financial creativity, for example, using options strategies to acquire more Bitcoin than is possible with standard spot purchases. In one example, the company used a $62.7 million cash-secured put option to buy $67.9 million worth of Bitcoin. In total, such tactics netted the company an additional 2,174 BTC. *This is not investment advice. Continue Reading: Bitcoin Statement from Metaplanet CEO Simon Gerovich: “We’re Just Getting Started!” Here Are the Details