{"id":911,"date":"2026-02-21T07:56:28","date_gmt":"2026-02-21T07:56:28","guid":{"rendered":"https:\/\/blog.coinsignals.net\/?p=911"},"modified":"2026-02-21T07:56:28","modified_gmt":"2026-02-21T07:56:28","slug":"contrary-to-the-facts-simon-gerovich-defends-metaplanets-bitcoin-strategy-against-critics","status":"publish","type":"post","link":"https:\/\/blog.coinsignals.net\/index.php\/2026\/02\/21\/contrary-to-the-facts-simon-gerovich-defends-metaplanets-bitcoin-strategy-against-critics\/","title":{"rendered":"Contrary to the Facts\u2019: Simon Gerovich Defends Metaplanet\u2019s Bitcoin Strategy Against Critics"},"content":{"rendered":"\n
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Metaplanet CEO Simon Gerovich has strongly defended his company\u2019s Bitcoin strategy in response to criticisms claiming that the firm\u2019s disclosures are misleading or incomplete. Gerovich described such claims as \u201cinflammatory and contrary to the facts\u201d and emphasized that all Bitcoin purchases, wallet addresses, and capital deployment decisions have been publicly disclosed in real time.<\/p>\n\n\n\n

Over the past six months, amid heightened market volatility, Metaplanet has allocated more capital to its income generating business and actively managed option positions, including selling put options and put spreads. Critics had alleged that a significant Bitcoin purchase near the September price peak, funded by proceeds from an overseas public offering, was not properly disclosed and followed by a period of silence.<\/p>\n\n\n\n

In response, Gerovich clarified on X that a portion of these funds was indeed used to buy Bitcoin for long-term holding and that each purchase was reported at the time it was executed. He highlighted that all BTC wallet addresses are publicly accessible through a live dashboard, allowing shareholders to verify holdings in real time. According to Gerovich, Metaplanet ranks among the most transparent publicly listed companies globally.<\/p>\n\n\n\n

During September, Metaplanet made four Bitcoin purchases, all of which were promptly announced. While the timing coincided with a local market peak, Gerovich stressed that the company\u2019s strategy focuses on systematic, long-term accumulation of Bitcoin rather than short-term market timing. Each purchase, regardless of price, was disclosed to shareholders.<\/p>\n\n\n\n

Addressing criticism over options trading, Gerovich explained that selling put options is not a speculative bet on price increases but a method to acquire Bitcoin at effective costs below the spot price via premium income. This approach lowered the company\u2019s acquisition costs in the fourth quarter. He also revealed that Bitcoin per share, the firm\u2019s primary key performance indicator, rose by over 500 percent in 2025.<\/p>\n\n\n\n

On financial reporting, Gerovich noted that net profit is not the appropriate metric for evaluating a Bitcoin treasury company. Instead, he highlighted an operating profit of 6.2 billion yen, representing a year-over-year growth of 1,694 percent. The ordinary loss reported stemmed solely from unrealized valuation changes on long-term Bitcoin holdings, which the company has no intention of selling.<\/p>\n\n\n\n

Regarding borrowing activities, Gerovich confirmed that three disclosures were made: the establishment of a credit facility in October and subsequent drawdowns in November and December. All key terms including amounts, collateral, interest structures, purposes, and conditions were fully disclosed, though the lender\u2019s identity and specific interest rates were withheld at the counterparty\u2019s request. Overall, he reaffirmed that Metaplanet maintains a highly transparent approach to both its Bitcoin strategy and financial operations.<\/p>\n\n\n\n

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Metaplanet CEO Simon Gerovich has strongly defended his company\u2019s Bitcoin strategy in response to criticisms claiming that the firm\u2019s disclosures are misleading or incomplete. Gerovich described...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-911","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/911","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/comments?post=911"}],"version-history":[{"count":1,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/911\/revisions"}],"predecessor-version":[{"id":913,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/posts\/911\/revisions\/913"}],"wp:attachment":[{"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/media?parent=911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/categories?post=911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.coinsignals.net\/index.php\/wp-json\/wp\/v2\/tags?post=911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}