Metaplanet CEO: If mNAV is less than 1 times, stock repurchase will be considered. It is illegal to short sell and use issuance of stocks to replenish positions.

According to Bijie.com, on September 19, Simon Gerovich, CEO of Japanese Bitcoin Treasury Company Metaplanet, posted a statement on X platform to respond to the company's stock price performance in the recent poor performance. He said: 1. Disclosure of the Bitcoin purchase window from September to October is simply because the company must define a regulatory window, but it is not a hard limit on the execution schedule. Purchasing Bitcoin will give priority to speed, consider market impact, and balance three factors: maximizing BTC returns, minimizing the impact of the market on Bitcoin price, and optimizing Bitcoin revenue business. 2. It is illegal to short-sell stocks and use issuance of stocks to supplement positions. Every broker in Japan has clearly informed this point. The 30% decline in Metaplanet's stock price is obviously not the plan or the company wants, and it is impossible to publicly infer specific market activities. 3. A large part of the funds Metaplanet comes from institutional investors who only do long positions. 4. If mNAV is less than 1 times, it will have a negative impact on the yield of Metaplanet Bitcoin. At that time, plans such as issuing preferred shares will be evaluated, and stock repurchases may be conducted. (Note: mNAV is the ratio of market value to net asset value)