In a recent statement, Simon Gerovich, CEO of Metaplanet, addressed the surge of criticism surrounding the Tokyo-listed bitcoin treasury firm. The context of this scrutiny arises as bitcoin experiences a significant downturn, currently trading near $67,000, nearly 50% lower than its all-time peak last October. In tandem, Metaplanet’s shares have plummeted approximately 85% from their all-time high in 2025.
Gerovich voiced his frustration over anonymous online critics, asserting, “It’s easy to hide behind anonymous accounts, criticize others, and incite outrage without taking any responsibility.” He emphasized his commitment to accountability, stating, “I have no qualms about taking public responsibility for all my statements and Metaplanet’s actions.” Responding directly to the claims made against his company, he positioned himself as transparent and open to discussion regarding the criticisms.
Metaplanet employs a strategy of utilizing options, particularly selling put options and put spreads, to generate income while aiming to acquire bitcoin at favorable prices. In his defense, Gerovich clarified, “Selling put options is not a bet on bitcoin’s price rising.” He articulated that this method is intended to reduce the company’s effective purchase costs and capitalize on market volatility rather than to speculate on short-term price increases.
Stressing the company’s commitment to transparency, Gerovich insisted that Metaplanet ranks among the most transparent publicly listed companies globally. He pointed to real-time disclosures of their bitcoin wallets and consistent announcements regarding their bitcoin acquisitions, particularly highlighting purchases made in September.
While acknowledging concerns about market timing, Gerovich noted that “September marked a local peak,” but he reaffirmed that the company’s strategy focuses on systematic accumulation rather than fleeting trades in the volatile cryptocurrency market.
In response to financial performance critiques, he argued that traditional metrics such as net profit are inadequate for evaluating a bitcoin treasury firm. He also addressed speculation regarding Metaplanet’s hotel division, firmly stating that the segment is not failing and underscoring its profitability.
Currently, Metaplanet’s shares are trading at 307 yen, with the company holding a substantial 35,102 BTC in its treasury, reinforcing its position in the volatile cryptocurrency landscape despite current market challenges.
