Simon Gerovich, the CEO of Metaplanet, a Bitcoin treasury firm based in Japan, addressed recent accusations claiming the company lacked transparency in its disclosures.
In response to claims from an anonymous source, Gerovich clarified that every Bitcoin acquisition by Metaplanet is immediately made public and that all BTC wallet addresses held by the company are openly accessible for verification.
Gerovich emphasized that both he and Metaplanet take full accountability for their statements and actions. He reaffirmed the company’s commitment to a consistent, long-term strategy of accumulating Bitcoin. Highlighting increased market fluctuations over the past six months, he explained that Metaplanet has shifted focus towards revenue-generating operations—such as earning premium income through put options and spread strategies—and channels part of these earnings into acquiring long-term Bitcoin holdings.
Addressing specific allegations about undisclosed purchases during September’s market peak last year, Gerovich insisted that all four separate transactions were promptly disclosed to the public. He stressed that their approach does not rely on timing market highs or lows but follows a disciplined accumulation plan over time.
The CEO also elaborated on selling put options—not merely as bets on price rises—but as a strategic method enabling Bitcoin acquisition at prices effectively below current spot rates.
Regarding occasional losses reported in financial statements, Gerovich explained these were primarily unrealized changes in fair value related to long-term Bitcoin assets not intended for immediate sale. He cautioned against interpreting such fluctuations as failures of strategy.
The management team reiterated their commitment to transparency: every purchase decision is announced instantly; all company-controlled Bitcoin addresses are publicly shared; and shareholders have access to real-time dashboards tracking asset holdings.
*Please note this does not constitute investment advice.