Metaplanet CEO Addresses Bitcoin Trade Criticisms
Simon Gerovich, the CEO of Metaplanet, has responded to accusations that the company concealed crucial details regarding its Bitcoin trades. The criticisms, primarily originating from anonymous sources on social media, allege that Metaplanet misled investors about its Bitcoin strategy, including the timing of purchases, leveraged positions, and associated losses.
Detailed Rebuttals to Key Accusations
Gerovich, in a detailed post, has defended the company’s actions, asserting that Metaplanet has been transparent and prompt in its disclosures. He specifically addressed claims of delayed reporting for significant Bitcoin purchases made in September 2025. These purchases, according to Gerovich, were immediately announced, and details can be verified through the company’s public dashboard and resources like Bitcointreasuries.net.
Debunking Misinterpretations of Financial Data
One of the central points of contention revolves around Metaplanet‘s use of options strategies. Critics suggested these were used for short-term price speculation, but Gerovich clarified their purpose: to accumulate Bitcoin below spot prices and generate income from market volatility for the benefit of shareholders. The CEO also challenged the application of net profit as a primary performance metric for a Bitcoin treasury company, emphasizing that unrealized losses from Bitcoin price fluctuations do not accurately reflect the overall financial health and strategic intent.
Emphasis on Long-Term Strategy and Transparency
Gerovich highlighted the company’s significant revenue growth in the fiscal year 2025, primarily driven by Bitcoin-related activities, which underscores the firm’s overall success despite temporary market setbacks. The company’s recent credit facility, established in October 2025, and subsequent drawdowns were disclosed promptly. While the counterparty’s identity and specific rates were withheld at their request, all pertinent details, including borrowing amounts, collateral, and interest terms, were made publicly available.
Context of Broader Market Scrutiny
This situation unfolds amidst increasing scrutiny of companies employing Bitcoin-heavy treasury strategies. Other major corporate Bitcoin holders, such as Strategy, have also faced market pressure after recording substantial losses due to Bitcoin‘s price volatility. This has prompted questions about the sustainability and risk management of such strategies.
The Importance of Verifying Information
This situation underscores the importance for investors to analyze information from diverse sources and consider various perspectives. With ongoing volatility in the cryptocurrency market, investors should exercise caution and conduct thorough due diligence before making decisions. It is also important to critically evaluate claims from anonymous sources.
