Metaplanet CEO rebuts critics over BTC strategy and transparency

Metaplanet CEO Simon Gerovich publicly addressed anonymous criticism regarding the Tokyo-listed bitcoin treasury company's strategy, transparency, and hotel business, especially as Bitcoin prices and Metaplanet shares have recently declined significantly. Gerovich defended the use of selling put options and put spreads, clarifying it is a strategy to monetize volatility and lower effective purchase costs, not a bet on rising prices. He asserted Metaplanet is one of the most transparent listed companies globally, citing real-time wallet disclosure, while acknowledging that September purchases occurred near a local peak. Furthermore, he argued that net profit is an unsuitable metric for evaluating a bitcoin treasury firm and rejected claims that the hotel division is failing, emphasizing its profitability. The company currently holds 35,102 BTC.

(Source：CoinDesk)