Metaplanet’s CEO, Simon Gerovich, has issued a detailed explanation regarding the increasing criticism of the company’s Bitcoin investment strategy.
The Tokyo-listed company, which operates under the code 3350, faced criticism as the Bitcoin price is trading near $67,000 after a significant correction from its earlier highs.
Gerovich issued a detailed explanation on X. He emphasized transparency while discussing the company’s long-term plan of accumulating Bitcoin.
According to him, all the company’s Bitcoin addresses are public. Additionally, he said that shareholders can view their current holdings in real time through a specific dashboard.
Earnings Surge Amid Bitcoin Disclosure Claims
The clarification was issued after the company declared its results for 2025. According to the report, the company experienced a significant increase in its digital assets. Its operating profit surged by 1,694% to ¥6.287 billion. Additionally, its revenue rose by 738% to ¥8.905 billion.
The company faced significant criticism for its purchase of Bitcoin in September 2025. Some users claimed the firm bought near peak prices. Additionally, they criticized that the company did not disclose the transaction on time.
Gerovich denied these claims. According to him, every transaction was made public on time. Gerovich said that the company’s objective was not to time the market.
The company focuses on a long-term and systematic approach. Gerovich said that the sale of put options was a part of a well-structured strategy to earn premium. He added that this approach helps lower the effective cost of Bitcoin during volatile periods.
He gave an example of the strategy. When a $10,000 premium is applied to a put option with an $80,000 strike price, the cost is lowered to $70,000. This approach, according to him, enabled them to utilize volatility to their advantage. This strategy led to a more than 500% rise in BTC per share in 2025.
Also Read: Metaplanet’s Bitcoin‑Centric Turnaround: Revenue Soars 738% While Net Loss Persists
Metaplanet Clarifies Debt and CEO Commitment
There were also issues regarding Metaplanet’s debt level. Gerovich said that the firm had announced its credit facilities in October 2025.
The drawdowns were announced in November and December 2025. He noted that lender identities and interest rates remain private. However, all other terms were fully shared.
He emphasized his personal commitment. Gerovich said, “I have invested my money in the company.” He added that “I feel the impact of the decrease in the stock price like other shareholders.”
In late December 2025, Metaplanet disclosed purchasing 4,279 Bitcoin for about $451 million, raising its total holdings to 35,102 coins valued near $3.78 billion. Gerovich noted that the company’s BTC Yield increased by 568% during 2025.
Source: Metaplanet
After halting purchases in September, the company resumed buying during market dips. Analysts say that the move is part of a cautious approach that includes options trading to minimize the cost of Bitcoin.
Gerovich said that all purchases and borrowings are transparent through the use of dashboards, which are disclosed to the public. He said that the company is open to constructive criticism, especially if there are legitimate concerns raised by shareholders or the public.
Also Read: Bitcoin (BTC) Eyes Bullish March Rebound Above $69K Support
