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Simon Gerovich defends disclosure standards, options trading model, and hotel operations.
Metaplanet CEO Simon Gerovich speaks at Bitcoin MENA (screenshot)
What to know:
- Simon Gerovich defended Metaplanet’s transparency, options-based Bitcoin strategy, and accounting practices.
- Gerovich stated that all Bitcoin acquisitions were disclosed promptly, asserting that critiques based on unrealized losses or market timing misinterpret the company’s long-term strategy.
Simon Gerovich, the CEO of Metaplanet (3350), has addressed online critiques of the Tokyo-listed Bitcoin treasury firm, as Bitcoin has declined nearly 50% from its October peak and is currently priced around $67,000, while Metaplanet’s shares have dropped approximately 85% from their 2025 record high.
In response to anonymous detractors, Gerovich remarked, "It’s easy to hide behind anonymous accounts, criticize others, and incite outrage without taking any responsibility." He further stated, "I have no reservations about publicly taking responsibility for all my statements and Metaplanet’s actions."
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匿名アカウントの裏に隠れて、何の責任も負うことなく他者を非難し、炎上させることは簡単です。しかし、私は自らの発言とメタプラネットの行動すべてに対して公の場で責任を負うことに何の抵抗もありません。そのため、寄せられている各主張に対して、直接お答えします。… https://t.co/e0ieMGq29N
— Simon Gerovich (@gerovich) February 20, 2026
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Metaplanet employs options, specifically by selling put options and put spreads, to generate premium income and potentially acquire Bitcoin at a price lower than the current market rate.
Defending this methodology, Gerovich explained, "Selling put options does not imply a bet on Bitcoin’s price increasing."
He clarified that the strategy aims to reduce the company’s effective purchase cost and capitalize on market volatility.
Regarding transparency, Gerovich stated, "we are among the most open listed companies globally." He highlighted real-time wallet disclosures and frequent announcements of purchases, including those made in September.
Gerovich also acknowledged concerns regarding market timing, noting, "September represented a local peak. I do not intend to deny that." He emphasized that the strategy focuses on systematic accumulation rather than short-term trading.
Finally, Gerovich addressed criticism regarding financial outcomes, asserting, "Net profit is not a suitable measure for assessing a Bitcoin treasury firm." He also dismissed claims about the hotel sector, asserting that the business is not failing and emphasizing its profitability.
Metaplanet shares are currently trading at 307 yen, while the company holds 35,102 BTC.
