Simon Gerovich, CEO of Metaplanet (3350), responded to online criticism of the Tokyo-listed Bitcoin cash company as Bitcoin is down nearly 50% from its all-time high in October and is now trading at nearly $67,000, while Metaplanet shares have fallen about 85% from their 2025 all-time high.
Addressing anonymous critics, Gerovich said: “It’s easy to hide behind anonymous accounts, criticize others and incite outrage without taking any responsibility. » Gerovich added: “I have no qualms about publicly taking responsibility for all of my statements and the actions of Metaplanet.”
匿名アカウントの裏に隠れて、何の責任も負うことなく他者を非難し、炎上させることは簡単です。しかし、私は自らの発言とメタプラネットの行動すべてに対して公の場で責任を負うことに何の抵抗もありませ… https://t.co/e0ieMGq29N
– Simon Gerovitch (@gerovitch) February 20, 2026
Metaplanet uses options, particularly the selling of puts and put spreads, to generate premium income and potentially acquire bitcoins below the prevailing market price.
Defending this approach, Gerovich said: “Selling puts is not a bet on the price of Bitcoin rising. »
Gerovich explained that the strategy aims to reduce the company’s effective purchasing cost and monetize volatility.
Regarding transparency, Gerovich said, “we are one of the most transparent listed companies in the world.” Gerovich pointed to real-time portfolio disclosure and repeated announcements of purchases, including those made in September.
Gerovich also acknowledged concerns about market timing: “September marked a local peak. I don’t intend to deny that.” Gerovich emphasized that the strategy is systematic accumulation and not short-term trading.
Finally, Gerovich responded to criticism of the financial results by stating, “Net profit is not an appropriate metric for evaluating a Bitcoin treasury company.” Gerovich also dismissed claims about the hotel division, saying the company was not in shambles and pointing to its profitability.
Metaplanet shares are trading at 307 yen, while the company holds 35,102 BTC.
