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

Odaily Planet Daily News Simon Gerovich, CEO of Japanese Bitcoin Treasury Company Metaplanet, posted a statement on the 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 just 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 and consider market impact, and balance three factors at the same time: maximizing BTC returns, minimizing the market's impact on Bitcoin prices, 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, nor can it be publicly speculated on specific market activities. 3. A large part of the funds Metaplanet comes from institutional investors who only do long positions. 4. An mNAV below 1 times 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.