"Gerovich commenced the meeting by explaining how Metaplanet pivoted from operating as a struggling hotel company to a bitcoin treasury company in early 2024. Since then, he pointed out, Metaplanet has acquired approximately 0.1% of the total supply of bitcoin, far surpassing its initial goal of acquiring 10,000 bitcoin. During the event, Gerovich also announced that Metaplanet had increased its holdings to 20,000 bitcoin, giving it the sixth largest bitcoin balance sheet in the world."
"Gerovich noted that his goal is for Metaplanet to have the second largest bitcoin balance, second only to Strategy. He also compared Metaplanet's percentage of bitcoin per share over the past year to Strategy's, noting that it's increased its percentage to 2,274% as compared to Strategy's 86%. Gerovich also pointed out that Metaplanet stock trades over 100 hours per week via exchanges and brokerages worldwide, helping to make the success of Metaplanet not just a Japanese story, but a global one."
Metaplanet pivoted from a struggling hotel company to a bitcoin treasury company in early 2024. Metaplanet has acquired approximately 0.1% of the total bitcoin supply and increased holdings to 20,000 bitcoin, producing the sixth largest bitcoin balance sheet globally. The company targets acquiring 210,000 bitcoin (1% of supply) by 2027 through issuance of two versions of a perpetual preferred stock product called Metaplanet Prefs. Metaplanet's bitcoin-per-share metric rose to 2,274% versus a 86% metric for Strategy. Metaplanet stock trades over 100 hours per week on exchanges and brokerages worldwide.
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