Metaplanet CEO Defends ‘Transparent’ Bitcoin Strategy

Metaplanet CEO Simon Gerovich pushed back against accusations from "anonymous accounts" that the company misled investors about its Bitcoin strategy and disclosures. Critics on X argued the firm delayed or withheld price‑sensitive information about large Bitcoin purchases and options trades funded with shareholder capital, obscured losses from its derivatives strategy and failed to fully disclose key terms of its BTC‑backed borrowings.

In a detailed X post, Gerovich said Metaplanet promptly reported all Bitcoin purchases, option strategies and borrowings and that critics were misreading its financial statements rather than uncovering misconduct. He said Metaplanet made four Bitcoin purchases in September 2025 and "promptly announced" each, rejecting claims the company secretly bought at the local peak.

The company's real-time public dashboard shows purchases of 1,009 BTC on Sept. 1, 136 BTC on Sept. 8, 5,419 BTC on Sept. 22 and 5,268 BTC on Sept. 30, 2025, and those moves also appear on public tracker Bitcointreasuries.net.

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