Simon Gerovich, the CEO of Metaplanet, expressed his optimism about Bitcoin holdings while reacting to Michael Saylor’s latest post on X.
Michael Saylor, CEO of MicroStrategy, shared a post asking Bitcoin lovers, “Did you stack Bitcoin this year?” amid an intense bull run in the cryptocurrency. In the same post, he attached the list of the Top 60 Bitcoin holdings companies.
In the leaderboard, Metaplanet stands at fifteen with 1,761 Bitcoins in its holdings. While responding to this post, Simon Gerovich said, “We’re just getting started”.
Yes, we’ve been stacking all year and we’re just getting started! https://t.co/dZyxTpx0sB
— Simon Gerovich (@gerovich) December 27, 2024
Metaplanet Inc. is a Japan-based company that leverages Bitcoin as its principal treasury reserve asset, employing strategies like equity financing and long-dated fiat currency market arbitrage to accumulate more Bitcoin. The company has been growing its Bitcoin pile since it first adopted the cryptocurrency as a strategic treasury reserve asset in May.
Simon Gerovich also praised Bitwise’s latest filing for ‘Bitcoin Standard Corporations ETF’. Through this submission, Bitwise strives to launch a new fund designed to invest in publicly traded companies that have adopted the ‘Bitcoin standard’” and hold at least 1,000 Bitcoin in their corporate treasuries.
“Love the game theory at play here”, Simon says, “To be included, companies need at least 1,000 BTC, which incentivizes buying to qualify—creating a self-fulfilling prophecy”.
According to him, the surge in the demand for the ETF will amplify the current bull cycle as well as boost the adoption of the Bitcoin standard among corporations. He also shared his inner desire to acquire more than 10,000 Bitcoins in the upcoming time.
Also Read: KULR Buys $21M Bitcoin Following MicroStrategy’s BTC Strategy