Simon Gerovich, CEO of Metaplanet, affirmed the company’s commitment to enhancing long-term corporate value without fixating on short-term stock price movements. Recently, the stock experienced a decline of 2.3% in a day and 4.2% over the past week, prompting Gerovich to stress the importance of focusing on long-term objectives. His statements highlighted a strategy for sustainable growth despite market fluctuations.
Bitcoin Performance Indicators
The CEO pointed out the company’s performance indicators related to Bitcoin $0.000038. Metaplanet holds the largest Bitcoin reserve in Asia and ranks tenth globally. Gerovich stated that under the current strategies, the company plans to increase its Bitcoin investments to achieve a goal of 10,000 BTC in the future. This approach prioritizes long-term growth over short-term market volatility.
He also emphasized the significance of measuring not just the total Bitcoin amount, but also the amount of Bitcoin per share. The company tracks the effectiveness of its investment strategy using these metrics. The exposure of shareholders to the company’s Bitcoin-based portfolio is expected to nearly double by 2024, reflecting increased investor confidence.
Other Performance Indicators
Gerovich reported that the Bitcoin ratio per share has surged by 119.3% since the beginning of the year. This figure significantly surpasses the set target of 35% for the quarter, indicating that the strategy is performing beyond expectations. The rising metric supports the company’s long-term investment vision, while the increase in Bitcoin per share is also a positive sign for future stock prices.
Recently, Metaplanet expanded its total reserves by purchasing an additional 2,174 Bitcoins.
Gerovich mentioned on social media that some investors have expressed uncertainties regarding the stock price. He thanked those who believe in the company’s vision despite challenging market conditions, reiterating the sustainability of their strategy in the face of market fluctuations.
We are taking seriously the concerns expressed by some of our investors regarding stock value. We appreciate their trust in our company vision. – Simon Gerovich
Metaplanet’s statements reveal that the company’s long-term growth strategy is maintained despite market fluctuations. The increase in Bitcoin investments, the rise in Bitcoin per share, and growing investor support are significant factors in assessing the company’s financial performance. Investors continue to monitor the company’s strategic moves and its ability to adapt to market dynamics.