If Trump establishes strategic Bitcoin stockpile, Japan and other Asian nations will follow suit, says Metaplanet CEO
The post If Trump establishes strategic Bitcoin stockpile, Japan and other Asian nations will follow suit, says Metaplanet CEO appeared on BitcoinEthereumNews.com.
Key Takeaways If Trump establishes a Bitcoin strategic reserve, it could lead to Japan and other Asian nations doing the same. Metaplanet has achieved a 1,900% surge in share value, often referred to as Asia’s MicroStrategy due to its Bitcoin investments. If Trump implements Bitcoin as a strategic reserve, Japan and other Asian nations will follow the same path, said Metaplanet CEO Simon Gerovich at a recent Bitcoin event hosted by Michael Saylor. Tokyo-listed Metaplanet, which began its Bitcoin strategy last April, currently holds 1,762 BTC valued at approximately $165 million. The company is often referred to as Asia’s MicroStrategy due to its investment approach. Metaplanet’s Bitcoin adoption is a response to Japan’s rising debt and the volatility of the yen. Investing in Bitcoin has helped the company escape a challenging period, which Gerovich previously likened to being a “zombie” company. “Slowly but surely seeing Bitcoin becoming a topic of discussion at the highest levels of government, corporations around the world beginning to adopt it as a Bitcoin standard,” Gerovich said. “Now all we wanna do is accumulate more Bitcoin over time for our shareholders. And so 2024 will go down as the year where it all began.” The company reported its strongest financial performance since 2017, achieving a return of over 26 times its initial investment. Metaplanet’s shares surged 1,900% over the year, according to Yahoo Finance data, surpassing all Japanese stock indices. 2024 Recap:– #1 return % in Japan: 2,629%– #1 market cap growth in Japan– 0 to 1,761 $BTC HODL– #15 listed BTC holder globally – 1st projected profit since 2017– 388x volume traded year/year On to 2025 🚀 pic.twitter.com/NjKkQZgPuj — Metaplanet Inc. (@Metaplanet_JP) December 31, 2024 When asked whether he thought the US President-elect would adopt Bitcoin as a strategic reserve, Gerovich said “absolutely.” “Hopefully President…
Filed under: News - @ January 1, 2025 6:25 pm