Metaplanet CEO eyes 10k Bitcoin goal, vows long-term value creation

Metaplanet CEO Simon Gerovich announced the firm’s ambitious goal to reach 10,000 BTC by the end of 2025, positioning the Japan-based company as a leading global Bitcoin treasury.

In a detailed update on X, Gerovich said that Metaplanet has grown its holdings to 4,855 Bitcoin (BTC) over the past year, making it Asia’s largest publicly listed Bitcoin holder and the 10th largest globally.

Gerovich addressed shareholder concerns over stock price volatility, stating that Metaplanet’s mission is to generate long-term corporate value rather than short-term returns.

 “We are steadily executing on a clear strategy,” he wrote (translated), highlighting the company’s core performance indicators.

One such KPI, Bitcoin holdings per share, has risen 119.3% since the beginning of the year, far surpassing the quarterly target of 35%.

Gerovich also credited the company’s financial strategy for unlocking an additional 2,174 BTC in value, equivalent to ¥27 billion ($175 million), without relying solely on physical BTC purchases.

Demand is rising 

Investor interest has surged alongside Metaplanet’s BTC accumulation. Shareholder numbers grew from under 10,000 in December 2021 to 65,000 by March 2023.

Institutional demand is also rising, with Metaplanet shares appearing in ETFs and major indexes.

Gerovich mentioned that the company is striving to achieve its target of 10,000 BTC by year’s end. At current prices, that accumulation would cost the company over $463 million.

“We’re just getting started,” Gerovich said, adding that he personally shares the same risk as other shareholders and remains committed to maximizing long-term value through Bitcoin-centric growth.

Metaplanet’s rapid accumulation and yield strategy echoes a broader trend of public companies positioning Bitcoin as a core treasury asset.