‘We have not underperformed’: Metaplanet CEO pushes back against online criticism

Metaplanet CEO Simon Gerovich publicly addressed recent online criticism alleging dishonest disclosures, concealed bitcoin purchases, and strategy mismanagement. Gerovich asserted that all bitcoin addresses are public and rebutted claims of non-transparent disclosures, clarifying that lender identities were withheld only due to confidentiality agreements. Regarding the strategy of buying bitcoin near its peak, Gerovich stated the goal is systematic, long-term accumulation, not market timing. Despite reporting a significant net loss due to unrealized bitcoin valuation drops, he highlighted a 1,695% surge in operating profit, arguing the company has not underperformed relative to bitcoin's price drop. Metaplanet continues its accumulation goal of 210,000 BTC by 2027.

(Source：The Block)