Crypto: Metaplanet CEO Rejects Claims It Hid Details Of Bitcoin Trades

Metaplanet’s Simon Gerovich addressed critics who accused the company of hiding losses and key details of its Bitcoin bets, as investor anger over leveraged Bitcoin treasuries spreads.

Metaplanet CEO Simon Gerovich pushed back against accusations from what he called “anonymous accounts” that the company misled investors about its Bitcoin strategy and disclosures.

Critics on X have argued that Metaplanet delayed or withheld price‑sensitive information about large Bitcoin (BTC) purchases and options trades funded with shareholder capital, obscured losses from its derivatives strategy and failed to fully disclose key terms of its BTC‑backed borrowings.

In a detailed X post on Friday, Gerovich argued that Metaplanet promptly reported all Bitcoin purchases, option strategies and borrowings, and that critics were misreading its financial statements rather than uncovering misconduct.

Gerovich said that Metaplanet made four Bitcoin purchases in September 2025 and “promptly announced” each, rejecting claims that the company secretly bought at the local peak without disclosure.

Related: Metaplanet sticks to Bitcoin buying plan as crypto sentiment hits 2022 lows

Metaplanet’s real-time public dashboard corroborates the buys, showing it purchased 1,009 BTC on Sept. 1, 136 BTC on Sept. 8, 5,419 BTC on Sept. 22 and 5,268 BTC on Sept. 30, 2025.

The purchases are also reflected on public tracker Bitcointreasuries.net, along with the public announcements and/or financial statements.

Gerovich also stressed that selling put options and put spreads was designed to acquire BTC below spot and monetize volatility for shareholders rather than to gamble on short‑term price moves.

The Metaplanet CEO also contested the use of net profit as a yardstick for a Bitcoin treasury company, pointing instead to soaring revenue and operating profit from Bitcoin‑related activities, especially options income.

Source: CoinTelegraph