Bitcoin Treasury • Japanese Market • Web3 Innovation
MetaPlanet Inc.
Japan's first Bitcoin Treasury Company
📈 Performance Update Since Publication
Early April 2025
Stock price: $2+
Bitcoin holdings: 4,525 BTC
When we first published this analysis
June 2025 Update
Stock performance: 5x higher
Bitcoin holdings: 13,350 BTC
Nearly 3x increase in BTC treasury
🚀 Exceptional execution of Bitcoin treasury strategy with both stock appreciation and treasury growth
Tokyo Based
First Japanese Bitcoin treasury company
13,350 BTC
Current Bitcoin holdings (June 2025)
Acquired for ~$1.31B at avg price of $97,832
Investment Strategy
- 🔗Bitcoin treasury focus targeting 10,000+ BTC by end of 2025
- 🔗Innovative financing through zero-coupon bonds and equity warrants
- 🔗Dual business model combining Bitcoin treasury with operational assets
Leadership Team
Simon Morris Gerovich
Representative Director, President & CEO
Former Goldman Sachs trader, instrumental in Bitcoin transformation
Strategic Advisors
Mark Yusko & Eric Trump
Bringing global investment and business expertise
⚠️ Important Market Dynamics Warning
Wealth Leakage Warning: The current market cycle has shown a concerning pattern of wealth leakage through multiple conversions:
- Initial Bitcoin holdings → MSTR at 2x mNAV
- MSTR → MetaPlanet at 4.5x mNAV
- Potential panic selling of MetaPlanet at 3x mNAV back to Bitcoin
Critical Insight: While a single conversion at an mNAV multiple can be strategic, subsequent conversions without waiting for Bitcoin-per-share metrics to catch up can lead to significant wealth erosion.
“Bitcoin Treasury companies have become the new meme coins, with market dynamics often driven by timing rather than fundamental value. Exercise extreme caution with multiple conversions.”