Simon Gerovich, CEO of the Japan-based investment firm Metaplanet, confirmed that the core principles behind Strategy’s Bitcoin accumulation remain unchanged despite market fluctuations. In a recent social media update, Gerovich highlighted that while public opinion of Strategy’s approach has shifted repeatedly, the company's fundamental tactics have stayed consistent since their inception.
Strategy, previously known as MicroStrategy, began its Bitcoin journey in August 2020. At that moment, a software company with a market cap around $1 billion allocating $250 million to Bitcoin was viewed as an unusual experiment. Yet, the subsequent tenfold rise in Strategy’s stock price turned that decision into a widely praised visionary move, reinforcing the company’s commitment to Bitcoin accumulation.
However, the downturn in Bitcoin’s price later caused Strategy’s stock to lose approximately 90% of its value. This led some to label the approach as a failed experiment. Gerovich stressed that despite those setbacks and the changing market sentiments, Strategy’s core buying strategy has never wavered.
Currently, Strategy holds 843,775 Bitcoin, with a total value exceeding $50 billion given the present market rates. This makes the company the largest institutional holder of Bitcoin worldwide, a point Metaplanet’s CEO emphasized to underline the scale of Strategy’s commitment.
Gerovich’s comments attracted attention as Metaplanet itself has been steadily increasing its Bitcoin reserves in recent months, accelerating its institutional accumulation strategy. Many investors now see Metaplanet as following the footsteps of Strategy’s model, a trend reflected in the growing interest around the company’s moves.
Bitcoin’s price has faced tough resistance recently, lingering near the $66,000 mark after a weekend rally, creating an interesting environment for institutional buyers like Strategy and Metaplanet.
