Metaplanet CEO Simon Gerovich said Bitcoin is not an asset to sell after a user on X questioned the company’s lack of an exit strategy for its holdings. The Tokyo-listed company, often dubbed Asia’s MicroStrategy, has consistently accumulated Bitcoin through its treasury strategy, treating it as a hedge against yen depreciation and a long-term store of value. The exchange reflects a broader debate over whether shares in Bitcoin-accumulating companies are better used to take profits near market-cycle peaks than held indefinitely. The user also raised tax concerns and questioned the benefits of holding spot Bitcoin, meaning directly held Bitcoin rather than a derivative position. Gerovich’s response indicates that Metaplanet considers Bitcoin a strategic reserve rather than a trading asset. For shareholders, the approach offers exposure to Bitcoin through traditional equity markets but also leaves them exposed to volatility and potentially prolonged drawdowns without a defined management exit timeline. The company’s position reinforces its long-term accumulation strategy, while the debate over exit plans and shareholder value is likely to continue as more companies adopt similar approaches.