Despite Bitcoin's Decline... Metaplanet CEO "We Are Unshaken"

Doohyun Hwang

Summary

Simon Gerovich, Metaplanet CEO, expressed confidence saying 'We are unshaken' despite the recent downturn in the virtual asset market.
Metaplanet said it plans to pursue its next-step strategy with a financial structure with leverage below 1% and sufficient assets and funds.
Industry insiders said Metaplanet's Bitcoin-holding strategy is being interpreted as a message emphasizing a long-term vision amid the bear market.

Simon Gerovich, chief executive officer (CEO) of Metaplanet (Metaplanet), expressed confidence, saying "We are unshaken" despite the downturn in the virtual asset (cryptocurrency) market.

In a statement on the 25th (local time), CEO Gerovich said, "Metaplanet maintains a strong financial structure with leverage below 1% and has secured sufficient assets and financial capacity to execute the next-stage strategy." He added, "We thank our supporters and shareholders," and emphasized, "Despite critical views, we will lead innovation in Japan's equity and bond markets."

These remarks come as the virtual asset market has recently entered a bearish phase. On the same day, the price of Bitcoin traded around $109,580 on the Binance Tether (USDT) market, down about 2% from the previous day. It was the first time in 20 days that the $110,000 support level had been breached.

Industry observers note that, given Metaplanet's attention for its Bitcoin-holding strategy, the remarks are being interpreted as a message emphasizing a long-term vision amid market uncertainty.

BTC