Metaplanet CEO says Asia’s first Bitcoin cycle has started

  • Simon Gerovich urged Asian companies to build Bitcoin infrastructure in their regions.
  • 43,000 bitcoins worth about $3.3 billion are associated with Metaplanet.
  • Bitcoin Asia began Thursday in Hong Kong and Gerovich spoke there Friday.

Metaplanet CEO Simon Gerovich said Asia’s first Bitcoin cycle has begun, urging companies, institutions and savers to take advantage of regulatory changes and growing digital-asset interest. Metaplanet shifted from its hotel and technology businesses to buying Bitcoin in 2024 and now holds 43,000 bitcoins worth about $3.3 billion at current prices, according to the article. Gerovich said the strategy enabled investors to gain Bitcoin exposure through the company’s regulated shares. He highlighted Japan’s roughly $14 trillion in household financial assets, about half held in bank deposits earning almost nothing, alongside savings across Korea, Southeast Asia and Hong Kong. A Bitcoin Magazine post dated August 28, 2026, quoted him as saying Bitcoin’s price bottom was in and that the rest of the year could be brighter. Japan, Hong Kong and Singapore are changing regulations to support digital assets, the article said.

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