Metaplanet CEO says Strategy's core Bitcoin-buying logic remains unchanged

Metaplanet CEO Simon Gerovich said Strategy’s Bitcoin acquisition strategy has not changed in its fundamental structure or logic. Gerovich said that when a software company with a market capitalization of about $1 billion added $250 million worth of Bitcoin to its balance sheet in August 2020, most people saw it as a one-off event. When the stock later rose 10-fold, he said, it was praised as a visionary move, and when it later fell nearly 90%, it was dismissed as a failed experiment. Despite those repeated swings in market judgment, Gerovich said Strategy has continued increasing its Bitcoin holdings and now owns 843,775 BTC worth more than $50 billion.