MetaPlanet CEO: "Will keep accumulating Bitcoin (BTC)…won’t sell under any circumstances"
Summary
- MetaPlanet said it will maintain its existing Bitcoin (BTC) accumulation strategy despite the sharp drop in the BTC price.
- MetaPlanet’s CEO said limited supply, rising adoption, and its role as a store of value are the company’s reasons for investing in BTC.
- MetaPlanet said it will accumulate BTC regardless of price fluctuations and will not sell under any circumstances.
Japan-listed MetaPlanet, which has been accumulating Bitcoin (BTC), reaffirmed its stance that it will stick to its existing Bitcoin accumulation strategy despite the sharp price drop.
According to Binance News on the 19th (local time), MetaPlanet Chief Executive Officer (CEO) Simon Gerovich said in a letter to shareholders that "BTC is highly volatile, and anyone who holds it must accept that fact," adding that "its limited supply, rising adoption, and characteristics as a store of value are why MetaPlanet invests in BTC."
He noted, "The pain of a decline in asset value doesn’t go away. Personally, I believe there is a possibility that BTC formed a bottom near $60,000," but emphasized that "what matters is that MetaPlanet’s strategy does not change regardless of how the price moves."
He continued, "MetaPlanet will accumulate BTC regardless of price fluctuations, and will not sell under any circumstances."
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
