Key Takeaways
- Metaplanet now holds 4,855 BTC worth about $430 million.
- The firm reported a 119.3% BTC Yield year-to-date, far exceeding its 35% target.
- CEO Simon Gerovich reaffirmed the long-term Bitcoin strategy despite a 16% monthly stock drop.
Metaplanet CEO Simon Gerovich has addressed shareholder concerns following a 16% decline in the firm’s stock over the past month, stating the company is focused on building “long-term corporate value” rather than short-term stock price movements.
Gerovich said in a post on X:
Some shareholders have expressed concerns about our share price. We take these concerns seriously […] even in today’s volatile market environment.
Stock performance & strategy
Tokyo-listed Metaplanet’s stock is down 15.8% in the past month and 7.6% year-to-date, even after gaining over 860% since launching its Bitcoin acquisition strategy in April 2024.
Gerovich emphasized that Metaplanet is “steadily executing on a clear strategy” as a Bitcoin treasury firm.
Bitcoin holdings & growth
On April 17, the company added another 330 BTC to its holdings — now totaling 4,855 BTC worth roughly $430 million — making it Asia’s largest corporate Bitcoin holder and the tenth globally.
Gerovich noted Metaplanet’s rapid accumulation rate trails only Strategy in absolute volume.
Strong financial performance
The firm also reported a BTC Yield of 119.3% year-to-date, far exceeding its 35% quarterly target.
This means shareholders who held since January have nearly doubled their Bitcoin per share.
Additionally, the firm claims to have gained 2,174 BTC through financial strategies like selling cash-secured puts.
Institutional adoption
Metaplanet has also seen a sevenfold increase in shareholders and institutional interest, with its stock being included in ETFs and indexes.
Gerovich said:
While stock prices will not necessarily reflect these results in the short term. We’re just getting started.
