Metaplanet CEO: The fundamentals of the crypto market are still strengthening, and the decline in stock prices will not affect the continued accumulation of BTC

ChainCatcher News, Simon Gerovich, CEO of the Japanese Bitcoin treasury company Metaplanet, stated on the X platform that the company's stock price has indeed seen a significant decline, which is very painful for the team, shareholders, and himself. However, looking back at the internet bubble period in 2000, Amazon's business was actually very strong, yet its stock price also experienced a significant drop. This is because fundamentals and stock prices often diverge, sometimes for months and sometimes even longer.

Bitcoin itself has also experienced multiple declines of 70% to 80%, but the fundamentals have been irreversibly strengthening. Therefore, Metaplanet will continue to accumulate Bitcoin and will persistently execute its strategy.