The audience asked Michael Saylor a question:
“#Bitcoin reminds me of tulips. What if Bitcoin disappeared tomorrow? How many lives would actually change?”
Listen to Michael’s response 👇
Metaplanet is back above $4 and now I'm picturing the path to $100.
I wonder how many will survive this perilous and volatile journey to the top of the Nikkei 225.
I plan to be here still, do you?
After the 2000 dot-com boom, Amazon’s stock had fallen significantly even as the business was stronger than ever. Every metric was improving. Jeff Bezos put it simply:
“The stock is not the company, and the company is not the stock.”
That lesson resonates.
At Metaplanet, our fundamentals have never been stronger:
– Q3 Bitcoin Income revenue: ¥2.44B (+115.7% QoQ)
– 4th largest corporate bitcoin balance: 30,823 BTC (~$3.7B)
– Q3 operating profit (+88% vs forecast)
– Balance sheet virtually debt-free (<1% leverage)
– Clear path to preferred shares
And yet, our stock has fallen significantly. It’s painful for our team, shareholders, and for me personally. But as with Amazon, fundamentals and share price often diverge — sometimes for months, sometimes longer. Bitcoin itself has endured numerous 70–80% drawdowns while fundamentals irreversibly strengthened. I feel the same about us today.
Our mandate is clear: execute relentlessly. Build revenue. Accumulate bitcoin. Strengthen this company for the long term. We remain laser-focused on securing the future with bitcoin.
Metaplanet June 16, 2025...
✅$13 per share
✅10,000 BTC
✅8x NAV
✅many people asking me "Luke, should I go all in Metaplanet / how can I buy Metaplanet ASAP"
✅I was not bull-posting about Metaplanet, in fact encouraged extreme caution to those looking to get an allocation given the rich NAV
Metaplanet September 22, 2025...
✅$4 per share
✅25,555 BTC
✅1.3x NAV
✅preferreds on the way
✅some saying "Luke why won't you shut up about paper BTC scams / quit the copium"
✅I am bull-posting about Metaplanet
✅stock price down 69% (while BTC up 8%)
Perhaps this moment isn't the cheapest in the near term, however I 100% know this is a better asymmetric bet than most are giving credit for.
Even if not as good of a return as many of moonbois want it's better risk-adjusted bet than the current sentiment of most.
The truth is many people want others to tell them what to do to make money, but even if someone were to tell it to them with certainty of outcome 90% chance they wouldn't listen because they didn't want to believe it.