Bitcoin Proxy’s Chief Seeks Funding Fix as ‘Flywheel’ Falters
BloombergAug 30, 2025
Simon Gerovich, who turned a struggling Japanese hotelier into a Bitcoin stockpiler and investor darling, is feeling the heat. His company, Metaplanet Inc., has seen its stock halve in value since mid-June after soaring over 400% since the start of 2025. The swoon has jeopardized an unusual financing arrangement the firm previously relied on to generate capital for accumulating Bitcoin.
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Bitcoin Proxy’s Chief Seeks Funding Fix as ‘Flywheel’ Falters
BloombergAug 30, 2025
Simon Gerovich, who turned a struggling Japanese hotelier into a Bitcoin stockpiler and investor darling, is feeling the heat. His company, Metaplanet Inc., has seen its stock halve in value since mid-June after soaring over 400% since the start of 2025. The swoon has jeopardized an unusual financing arrangement the firm previously relied on to generate capital for accumulating Bitcoin.
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