Metaplanet CEO rebuts critics over bitcoin strategy and transparency

Metaplanet Chief Executive Simon Gerovich publicly rejected accusations that the company lacked transparency around its bitcoin strategy, saying the firm met disclosure standards and addressing concerns about its options trading and hotel operations ^[1][5].

Gerovich specifically denied claims of undisclosed bitcoin purchases and said four September purchases were promptly shared via Metaplanet's live public dashboard, calling the anonymous allegations inaccurate ^[2].

On derivatives activity, the CEO defended the company's model of selling put options, saying the strategy is intended to lower bitcoin acquisition costs below spot rather than to take a directional bet on price, and that the options program had been disclosed to stakeholders ^[2][1].

Metaplanet reiterated a long-term accumulation stance, with company statements asserting it will not sell bitcoin amid volatility and that accumulation remains the core focus after significant BTC-per-share gains in 2025 ^[3].

Separately, public filings show Metaplanet reported a $619 million loss while outlining plans to increase holdings toward a 175,000-bitcoin target by 2027, a goal Gerovich said is part of the company's broader accumulation strategy ^[4][1].

Gerovich's statements sought to address shareholder and market concerns by reiterating that purchases and trading practices have been disclosed and that accumulation remains the company's stated objective ^[1][2][3].