Metaplanet CEO’s Bitcoin Obsession: A Tale of Digital Gold and Financial Shenanigans

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Mr. Simon Gerovich, the illustrious CEO of Metaplanet, has taken to the digital stage of X to declare his company’s unwavering devotion to Bitcoin. “We are, and shall remain, a Bitcoin-only enterprise,” he proclaims, with the air of a man who has discovered the philosopher’s stone. “Our current mission is to amass as much Bitcoin as humanly possible,” he adds, as if the world were not already awash with enough digital gold. 🌟

In a recent tête-à-tête with the Financial Times, Gerovich divulged his grand vision of achieving “escape velocity” through the acquisition of a staggering amount of BTC. “Imagine, if you will, a future where the mere weight of our Bitcoin holdings makes it nigh impossible for others to even dream of catching up,” he mused, with a twinkle in his eye that suggested he had already spent the proceeds. 🚀

But the plot thickens, dear reader, for Gerovich has also hinted at a “phase two” of his audacious plan. This phase, he assures us, will involve not only the continued accumulation of Bitcoin but also the strategic use of these holdings to secure loans and make acquisitions, including, of all things, a regional Japanese bank. “In phase two, we shall leverage our pristine balance sheet of Bitcoin to achieve the unimaginable,” he declared, with the confidence of a man who has read too many self-help books. 🏦

Gerovich envisions a future, three to five years hence, where Bitcoin adoption is as widespread as the common cold, and the price of a single BTC could soar to anywhere from $1 million to $5 million. “In this golden age, people will marvel at the elegance of our Bitcoin treasury,” he said, though one wonders if the banks will be as eager to join this digital gold rush. 🤔

However, not all are convinced by Gerovich’s grandiose plans. James Chanos, a well-known short-seller, noted that Gerovich seemed to backtrack on his “phase two” strategy a day later, perhaps under pressure from the more conservative elements of the Bitcoin community.

Bitcoin treasury company CEO realizes the implications of the “phase two” strategy he laid out in his @FT interview, and walks it back a day later. $MTPLF — James Chanos (@RealJimChanos) July 9, 2025

Undeterred, Gerovich has invited Chanos to take a bet against his company, as if the world needed another reason to watch the drama unfold. 🎭

Metaplanet, currently the fifth-largest Bitcoin holder with a modest 15,555 BTC, has set its sights on a more ambitious goal: to swell its Bitcoin coffers to 100,000 coins by the end of 2026. Whether this vision will come to fruition remains to be seen, but one thing is certain: the world of Bitcoin is never short of spectacle. 🎉

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2025-07-09 10:27