Japanese listed company METAPLANET plans to continue increasing its holdings in Bitcoin, with approximately $7.7 million already invested. CEO SIMON GEROVICH stated that the company has shifted its strategy to focus on long-term accumulation of Bitcoin, believing it to be most valuable for shareholders. METAPLANET will explore options to acquire more Bitcoin and intends to continue purchasing Bitcoin disregarding short-term price fluctuations. Currently holding Bitcoin worth around 1.2 billion yen, they aim for Bitcoin to constitute a significant portion of the balance sheet in the future. GEROVICH emphasized that the company exclusively acquires Bitcoin, considering it the only truly decentralized digital asset, and plans to explore opportunities to generate additional income within the Bitcoin ecosystem. Furthermore, METAPLANET has designated Bitcoin as a strategic reserve asset to counter economic pressures in Japan, including high government debt, long-term negative real interest rates, and a weak yen. The company's strategy involves prioritizing Bitcoin, utilizing long-term yen liabilities, and periodically issuing stocks as financial strategies to accumulate more Bitcoin, increase Bitcoin value, and enhance shareholder value.

Odaily Planet Daily News: Simon Gerovich, CEO of the Japanese listed company Metaplanet, has stated that the company has shifted its strategy to focus on long-term accumulation of Bitcoin, believing it to be the most valuable approach for Metaplanet shareholders. As such, the company will explore various options to acquire additional Bitcoin.

Gerovich also mentioned that regardless of short-term price fluctuations, the company plans to continue purchasing Bitcoin. To date, they have acquired approximately 1.2 billion yen (about $7.708 million) worth of Bitcoin and aim for Bitcoin to constitute a significant portion of their balance sheet in the future.

Gerovich added that the company currently only purchases Bitcoin and believes it to be the only truly decentralized digital asset. They also plan to explore opportunities to generate additional income by operating within the Bitcoin ecosystem. (Cointelegraph)

In previous news, the Japanese listed company Metaplanet announced a financial management strategy transformation. Metaplanet has designated Bitcoin as its strategic reserve asset to address Japan's ongoing economic pressures, particularly high government debt levels, long-term negative real interest rates, and the resulting weakness of the yen.

Metaplanet's strategy clearly prioritizes Bitcoin, exclusively using Bitcoin, and may utilize long-term yen liabilities and periodic stock issuances as strategic financial choices to continuously accumulate more Bitcoin rather than holding onto the increasingly weakening yen. This approach aims to increase the value of each Bitcoin share and solidify shareholder value in the long run.

Japanese listed company METAPLANET plans to increase its holdings of Bitcoin to cope with economic pressure.