Metaplanet Affirms Bitcoin Strategy Amid Share Allocation Adjustment

Metaplanet has issued a clarification regarding a recently announced financing round. The company’s Chief Executive, Simon Gerovich, has publicly reaffirmed its commitment to its Bitcoin acquisition plan. This reassurance comes during what the CEO characterized as a challenging period for shareholders.

In early February, CEO Simon Gerovich addressed the recent performance of Metaplanet’s stock. He acknowledged a difficult stretch for investors but was clear that the core corporate strategy is intact. The company remains focused on steadily accumulating Bitcoin, enhancing profitability, and preparing for its next phase of growth.

This confirmation reinforces Metaplanet’s position as a major publicly-listed holder of the cryptocurrency. Reports indicate the firm did Read more...