Simon Gerovich, CEO of Metaplanet (3350), responded to online criticism of the Tokyo-listed bitcoin treasury company, as bitcoin is down nearly 50% from its October all-time high and is now trading near $67,000, while Metaplanet shares have fallen about 85% from its 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 taking public 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ん。そのため、寄せられている各主張に対して、直接お答えします。… https://t.co/e0ieMGq29N
– Simón Gerovich (@gerovich) February 20, 2026
Metaplanet uses options, specifically the sale 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 that the price of Bitcoin will go up.”
Gerovich explained that the strategy is designed to reduce the company’s effective purchasing cost and monetize volatility.
Regarding transparency, Gerovich stated that “we are one of the most transparent listed companies in the world.” Gerovich pointed to real-time wallet disclosures and repeated announcements of purchases, including those made in September.
Gerovich also acknowledged concerns about the timing of the market, saying: “September marked a local peak. I have no intention of denying that.” Gerovich stressed that the strategy is systematic accumulation, not short-term trading.
Lastly, Gerovich responded to criticism of the financial results by saying: “Net profit is not an appropriate metric for evaluating a bitcoin treasury company.” Gerovich also rejected claims about the hotel division, saying the business is not in ruins and highlighting its profitability.
Metaplanet shares are trading at 307 yen, while the company holds 35,102 BTC.
