Nakamoto CEO David Bailey Hails Metaplanet $2 Billion Market Cap Milestone

On May 16, David Bailey, CEO of Nakamoto, announced on X that the Metaplanet market cap had reached $2 billion. He congratulated Metaplanet Simon Gerovich, the company’s CEO, and Dylan Leclair, the Director of Bitcoin Strategy since 2024. Bailey described this milestone as an important achievement. Gerovich replied humorously, questioning “Why so bearish?” as Bailey answered a typo that changed “trillion” to “billion.” This announcement came after strong Q1 results that boosted Metaplanet’s shares and valuation.

Metaplanet Reports Strong Q1 Growth with Bitcoin Driving Gains

Metaplanet’s Q1 financial report showed steady progress, with revenue increasing 8% quarter-over-quarter to ¥877 million. Most notably, 88% of this revenue came from Bitcoin-related income. Operating profit rose to a company record of ¥593 million, while net assets jumped 197% to ¥50.4 billion. These positive numbers helped raise the share price by 5.06% to 623 JPY. This pushed the Metaplanet market cap to around 350.8 billion JPY, or roughly $2.41 billion USD. These figures highlight the payoff for Metaplanet’s strong focus on Metaplanet BTC reserve.

Along with these results, Metaplanet announced issuing $15 million in zero-interest bonds aimed at increasing its Bitcoin holdings. The bonds, sold exclusively to EVO FUND, each have a face value of $375,000 and mature in November 2025. Investors will receive their principal back, but no interest payments. This careful strategy aims to steadily grow the Metaplanet BTC reserve while managing market risks and maintaining financial discipline.

Overview of Metaplanet’s Bitcoin Accumulation Strategy

Currently, Metaplanet BTC reserve holds 6,796 coins, including a recent purchase of 1,241 Bitcoin valued at $126.7 million. The company plans to reach 10,000 BTC by the end of 2025, signaling a long-term commitment to accumulating Bitcoin. Funds from the bond sales will be used to buy more Bitcoin, while future stock acquisition rights will help cover bond redemptions. This reflects a well-planned, gradual approach to expanding the BTC reserve.

David Bailey now leads the combined Nakamoto and KindlyMD group and is driving efforts that follow a Bitcoin treasury strategy similar to that of Metaplanet. This merger included a $710 million capital raise, consisting of $510 million from private stock placements and $200 million from convertible notes. This financial backing supports building a large Bitcoin treasury, showing a growing trend where companies hold Bitcoin as part of their financial strategy.

Investor Confidence and Metaplanet’s BTC-Backed Market Growth

Metaplanet’s market cap growth, reported in both USD and JPY, closely relates to its Bitcoin income and asset management. The increase in share prices and asset value reflects investor confidence tied to Bitcoin’s performance and Metaplanet’s ability to manage its BTC holdings well. Using bonds and stock acquisition rights to fund Bitcoin purchases demonstrates a smart mix of financial tools for managing capital and risks.

Strategic Leadership and Financial Management at Metaplanet

Metaplanet Simon Gerovich’s leadership plays a crucial role in the company’s strategy. His cautious yet optimistic approach balances expanding the Bitcoin reserve with managing liabilities such as bonds and convertible notes. Gerovich’s calm and measured responses on social media avoid overly bullish hype common in the crypto space. This careful planning shows a focus on steady growth rather than risky speculation. Overall, Metaplanet’s recent milestones highlight a company steadily strengthening its Bitcoin treasury and market position through disciplined expansion.