‘Contrary to the Facts’: Simon Gerovich Slams Critics of Metaplanet’s BTC Strategy
Metaplanet’s CEO Simon Gerovich stated claims that the agency’s disclosures are insincere are “inflammatory and opposite to the info.” He added that over the previous six months, as volatility elevated, the Japanese public firm allotted extra capital to its revenue enterprise and offered put choices and put spreads, that are actively managed as possibility positions.
The response follows accusations circulating on-line questioning Metaplanet’s disclosure practices and use of shareholder funds. The claims state that Bitcoin purchases weren’t disclosed promptly, together with a big buy made close to the September worth peak utilizing proceeds from an abroad public providing, adopted by a interval with out updates.
Gerovich’s Defense
In his newest put up on X, Gerovich said half of these funds was used to buy Bitcoin for long-term holding, and that these purchases have been disclosed at the time they have been made. The exec added that each one BTC addresses are publicly obtainable and may be considered by means of a stay dashboard, which permits shareholders to verify holdings in actual time. He went on to assert that Metaplanet is one of the most clear listed firms in the world.
Metaplanet made 4 purchases throughout September and introduced all of them promptly. While the month was an area peak, Gerovich acknowledged that the firm’s technique will not be about timing the market, sustaining that the focus is to accumulate Bitcoin long-term and systematically, and that each buy is disclosed regardless of worth.
On choices buying and selling, Gerovich famous the criticism stemmed from a misunderstanding of the monetary statements. He stated promoting put choices will not be a wager on BTC’s worth rising, however a means to purchase Bitcoin at a value decrease than the spot worth by means of premium revenue. He defined that this technique decreased efficient acquisition prices in the fourth quarter. He revealed that Bitcoin per share, the firm’s main key efficiency indicator, elevated by greater than 500% in 2025.
Financial Statements And Borrowings
On monetary outcomes, Gerovich clarified that internet revenue will not be an applicable metric for evaluating a Bitcoin treasury firm. He pointed to the working revenue of 6.2 billion yen, which signifies a development of 1,694% 12 months over 12 months. According to the exec, the atypical loss comes solely from unrealized valuation adjustments on long-term Bitcoin holdings that the firm doesn’t intend to promote.
Three disclosures associated to borrowings have been made – when the credit score facility was established in October, and when funds have been drawn down in November and December. Borrowing quantities, collateral particulars, rate of interest constructions, functions, and phrases have been disclosed. The identification of the lender and particular rate of interest ranges weren’t disclosed at the counterparty’s request, regardless of the phrases being favorable to Metaplanet.
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