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>>Controversy Surrounding Bitcoin Transactions: Metaplanet CEO Refutes Allegations of Concealing Information

Controversy Surrounding Bitcoin Transactions: Metaplanet CEO Refutes Allegations of Concealing Information

crypthub

about 10 hours ago

CEO Response

Metaplanet’s chief, Simon Gerovich, rejected social‑media criticism, insisting all Bitcoin purchases, options bets, and borrowings were disclosed in real time on the company’s dashboard and third‑party trackers. Public sources such as Bitcointreasuries.net list the September 2025 Bitcoin block acquisitions alongside Metaplanet’s statements. He accused anonymous accounts of misreading filings and emphasized his willingness to answer each claim publicly.

Investment Strategy

The firm’s use of puts and option spreads is presented as a way to acquire Bitcoin at lower effective prices while generating regular option income. Critics argue the timing of purchases near price peaks and the opacity of the strategy increase risk, labeling it a “long‑dated risk” rather than simple income generation. The debate reflects differing investor expectations for a balance sheet dominated by Bitcoin.

Financial Impact

Metaplanet reported FY 2025 revenue of ¥8.9 billion ($58 million) but a net loss of about $680 million due to mark‑to‑market declines in its Bitcoin holdings. Cash from trading and options rose, yet accounting rules turned the loss into a non‑cash figure that investors scrutinize. A disclosed credit line was kept partially confidential, raising concerns about loan terms tied to volatile crypto assets.