Metaplanet CEO Responds to Misinformation on Disclosure: Purchases Were Disclosed Immediately, All Bitcoin Holding Addresses Are Public

BlockBeats News, February 20, Simon Gerovich, CEO of the Japanese Bitcoin Treasury (DAT) company Metaplanet, responded to accusations from an anonymous account of "dishonest disclosure of information."

Simon Gerovich stated that both he and Metaplanet are willing to take public responsibility for all words and actions, and their long-term systematic Bitcoin accumulation strategy will remain unchanged. As market volatility has increased over the past 6 months, Metaplanet has increased its allocation to revenue-generating businesses, selling put options and engaging in spread strategies to earn premiums, and using some of the funds to hold Bitcoin long term. All Bitcoin purchase activities are disclosed promptly after decisions are made, all Bitcoin addresses of the company are public, and shareholders can view the holdings through a real-time dashboard.

Addressing the accusation of "buying at a high point in September without disclosure," Simon Gerovich stated that a total of 4 coin purchases were made in September last year, all of which were promptly announced. The company's strategy is not based on timing the market but on long-term, systematic accumulation of Bitcoin. Furthermore, selling put options is not a simple bet on price increases but a way to acquire Bitcoin at an effective cost below the spot price. The recurring losses are mainly due to the unrealized fair value fluctuations of Bitcoin held long term and not for sale, and interpreting this as a strategic failure is a misconception.