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Metaplanet’s 10K Bitcoin Goal; CEO Says ‘Just Started’
In a recent statement, Simon Gerovich, the CEO of Metaplanet, expressed his enthusiasm about the company’s Bitcoin holdings while responding to Michael Saylor’s post on X. In the same post, he attached a list of the Top 60 Bitcoin holdings companies, which places Metaplanet at fifteen with an impressive 1,761 Bitcoins in its treasury.
In his response, Gerovich proudly stated that “we’re just getting started” while referencing the company’s efforts to accumulate more Bitcoin. This statement has sparked speculation about Metaplanet’s future plans and ambitions regarding the cryptocurrency.
For those unfamiliar, Metaplanet Inc., a Japan-based company, leverages Bitcoin as its principal treasury reserve asset. The organization employs strategies like equity financing and long-dated fiat currency market arbitrage to accumulate more Bitcoin. Since adopting the cryptocurrency in May, the company has been steadily increasing its Bitcoin pile.
The CEO’s optimistic remark was also fueled by his admiration for Bitwise’s latest filing for ‘Bitcoin Standard Corporations ETF.’ According to Gerovich, this submission presents an intriguing game theory approach that incentivizes companies to buy and hold a minimum of 1,000 Bitcoins in their corporate treasuries. This development has the potential to create a self-fulfilling prophecy, further boosting the cryptocurrency’s adoption among corporations.
Notably, Gerovich expressed his enthusiasm for acquiring more than 10,000 Bitcoins in the near future, hinting at Metaplanet’s ambitious plans and aspirations. While no specific timeline or details were provided regarding these goals, it is clear that the company is eager to expand its Bitcoin holdings significantly.
Metaplanet’s journey with Bitcoin has been marked by steady growth, with a current holding of 1,761 Bitcoins. If Gerovich’s statement holds true, it would be interesting to see how the company will continue to push its boundaries and pursue more substantial acquisitions in the future.
Source: www.cryptonewsz.com
