The CEO of Metaplanet defends the Bitcoin treasury strategy amid concerns about stock prices.

Simon Gerovich, CEO of the Bitcoin treasury company Metaplanet, stated that the company's stock price "does not necessarily reflect short term results" amid concerns from shareholders about a 16% fall in stock price over the past month.

Simon Gerovich – CEO Metaplanet (left)"Some shareholders have expressed concerns about our stock price. We take these concerns seriously and would like to express our sincere gratitude to all shareholders for their unwavering support and trust in our vision, even in the current volatile market environment," Gerovich said on X on Tuesday morning.

The shares of this Japanese investment company have fallen 2.3% on the day, 4.2% on the week, and 15.8% in the past month, as the appeal of Bitcoin trades once favored by Metaplanet and Michael Saylor's Strategy continues to wane.

The price of Metaplanet stock/JPY | Source: TradingViewThe recent decline has caused this stock listed in Tokyo to fall 7.6% since the beginning of the year, in contrast to the substantial profit of over 860% since Metaplanet began its Bitcoin buying strategy in April last year.

Gerovich emphasized that Metaplanet's goal is to "create long-term business value" instead of focusing on short-term profits based on stock price fluctuations.

"We are gradually implementing a clear strategy as a Bitcoin treasury company, aiming to become one of the most valuable companies in the world in the future, and we are demonstrating our progress through clear KPI indicators."

Last week, the company announced the purchase of an additional 330 BTC for around $28 million, despite global market uncertainties caused by U.S. President Trump's tariff measures. Metaplanet's total Bitcoin holdings currently amount to 4,855 BTC — equivalent to about $430 million at current prices — making the company Asia's largest Bitcoin holder and tenth globally, while also keeping on track to reach its goal of 10,000 BTC by the end of the year.

"This is the fastest growing Bitcoin holding company in the world and ranks second in absolute volume, only behind Strategy," Gerovich noted.

"We have just begun"

Like other Bitcoin treasury companies, Metaplanet uses a key performance indicator called BTC Yield to assess the effectiveness of its Bitcoin accumulation strategy in increasing value for shareholders. BTC Yield represents the percentage change over each period of the ratio between the total amount of Bitcoin held by Metaplanet and the fully diluted shares outstanding.

Year-to-date, the company has achieved BTC yields at 119.3 percent, Gerovich said on Tuesday — well above its quarterly target of 35 percent.

"This means that those who have held Metaplanet shares from the beginning of the year until now have almost doubled the amount of Bitcoin per share."

Another metric that Metaplanet emphasizes is "BTC Profit," which reflects the financial strategies the company uses to generate superior Bitcoin value compared to buying directly on the spot market. For example, the Bitcoin purchase announced on April 1 by Metaplanet was executed through the transfer of a Put ( cash-secured put option ) that had been sold previously.

The company only used $62.7 million as collateral to ultimately acquire Bitcoin worth $67.9 million, believing that this approach allows them to acquire more coins than buying directly on the market. In total, Metaplanet claims to have added 2,174 BTC through such strategies.

Gerovich also emphasized that the number of shareholders of Metaplanet has increased nearly sevenfold, indicating a growing interest from investors in the company's strategy. At the same time, he also mentioned the long-term interest from institutional investors and the company's shares being included in large ETFs and indices.

"These are not future hopes, but results that have actually been achieved. As one of Metaplanet's major shareholders, I am in the same boat as many other shareholders. That's why I always put the interests of my shareholders first in every decision I make. Our goal is to maximize stock value and Bitcoin holdings per share, thereby creating long-term value. While share prices may not yet reflect these results in the short term, we believe that in the medium to long term, prices will reflect true values. We're just getting started."

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should do their own research before making decisions. We are not responsible for your investment decisions.

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