Simon Gerovich, CEO of Metaplanet, a publicly traded Bitcoin treasury company in Japan, announced that there has been no change in the company’s strategy and that they will continue to grow their Bitcoin-focused business.
Sharing his thoughts via the X platform, Gerovich acknowledged that the recent volatility in Metaplanet shares has created a challenging market environment for investors.
Gerovich stated, “Given the recent share price volatility, current market conditions are challenging for shareholders. However, Metaplanet’s strategy remains unchanged; we will continue to steadily develop our Bitcoin business, increase our revenues, and prepare for the next phase of growth.”
Metaplanet stands out as one of the companies that has held Bitcoin as a strategic asset on its balance sheet in recent months. This approach demonstrates the company’s commitment to a long-term growth plan despite the volatile nature of the cryptocurrency market.
The CEO’s statements come at a time when risk appetite is weak in global markets and crypto assets are experiencing sharp price movements. Metaplanet’s goal to expand its Bitcoin business and increase revenue streams is being interpreted as a sign that the company is focused not only on accumulating assets but also on building a sustainable business model.
On the other hand, Gerovich’s message is also seen as a strategic communication step aimed at reassuring shareholders and instilling confidence in the company’s long-term plans. Whether Metaplanet will take new Bitcoin-focused steps in the coming period is being closely watched.
*This is not investment advice.