Metaplanet CEO shares cautious Bitcoin outlook
Metaplanet CEO Simon Gerovich recently offered his perspective on Bitcoin’s price trajectory, suggesting the cryptocurrency may have established a floor around $60,000. He shared this view on social media platform X on February 19th, but was careful to frame it as a personal belief rather than a definitive prediction.
“I personally believe bitcoin may have found a floor around $60,000, though I hold that view with humility,” Gerovich stated. “Nobody knows. What I do know is that it doesn’t change our strategy.”
This cautious approach reflects the inherent uncertainty in cryptocurrency markets. Gerovich seems aware that short-term price movements can be unpredictable, but he maintains confidence in Bitcoin’s long-term trajectory.
Long-term conviction drives accumulation strategy
Despite his humility about near-term price movements, Gerovich expressed strong conviction about Bitcoin’s future. “Over the long term, I have no doubt bitcoin will be dramatically higher than it is today,” he said.
This belief appears to be rooted in Bitcoin’s fundamental characteristics—its fixed supply, growing global adoption, and role as a store of value. Gerovich described these as structural drivers that could support higher valuations over time.
More importantly, he emphasized that Metaplanet’s strategy remains unchanged regardless of short-term price fluctuations. “Irrespective of near term price, we will continue to accumulate, continue to grow bitcoin per share, and continue to lean into income generation through derivatives as a core pillar of how we operate.”
Metaplanet’s Bitcoin holdings and financial performance
Metaplanet’s recent earnings report, released on February 16th, provides context for Gerovich’s statements. The company reported holding 35,102 BTC as of December 31st, surpassing its 30,000 BTC target for the year.
This makes Metaplanet the largest public Bitcoin holder in Japan and the fourth largest globally, according to the company’s own assessment. They’ve raised over ¥527 billion to fund these acquisitions, showing significant commitment to their Bitcoin strategy.
The company has set an ambitious long-term goal: reaching 210,000 BTC by 2027. That would represent about 1% of the total Bitcoin supply. They’ve been careful to note this is a forward-looking objective subject to market risks, but it shows the scale of their ambition.
Financially, Metaplanet reported a 568.26% year-to-date BTC yield in 2025, reflecting growth in Bitcoin holdings per fully diluted share. They gained 10,013 BTC during the year, with revenue reaching ¥8,905 million and operating profit totaling ¥6,287 million.
Much of this profit came from premium income generated through Bitcoin option transactions, which Gerovich mentioned as part of their operational strategy.
Strategy remains consistent despite volatility
What stands out in Gerovich’s comments is the consistency of Metaplanet’s approach. The company seems committed to accumulating Bitcoin regardless of market conditions, viewing short-term volatility as noise against a longer-term trend.
This accumulation strategy, combined with income generation through derivatives, creates what they see as a sustainable approach to Bitcoin investment. The focus on “bitcoin per share” growth suggests they’re thinking about shareholder value in terms of Bitcoin exposure rather than just fiat currency returns.
Of course, all of this depends on Bitcoin’s long-term performance matching Gerovich’s expectations. The $60,000 floor he mentioned is just one data point in a much larger picture. But for Metaplanet, the strategy appears clear: keep accumulating, keep growing their Bitcoin position, and trust that the long-term trend will justify their approach.
It’s a bold strategy, especially given Bitcoin’s historical volatility. But with their current holdings and ambitious targets, Metaplanet seems determined to maintain their course regardless of what happens in the near term.
