TechFlow, October 3 — Simon Gerovich, CEO of Japanese Bitcoin treasury company Metaplanet, posted on X stating that the company's stock price has indeed dropped significantly, which is painful for the team, shareholders, and personally. However, looking back at the internet bubble period in 2000, Amazon's business was actually very strong, yet its stock price also experienced a sharp decline. This is because fundamentals and stock prices often diverge, sometimes for months or even longer. Bitcoin itself has also gone through multiple drawdowns of 70% to 80%, yet its fundamentals have been irreversibly strengthening. Therefore, Metaplanet will continue accumulating Bitcoin and remain steadfast in its execution.
Add to Favorites
Share to Social Media
