Simon Gerovich, CEO of Metaplanet (3350), has responded to online criticism of the Tokyo-listed bitcoin treasury company as bitcoin has fallen nearly 50% from its October peak and now trades near $67,000, while Metaplanet shares are down about 85% from their 2025 record 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 Metaplanet’s actions.”
It’s easy to make others feel guilty without being held accountable by an anonymous account. However, I have no resistance to taking responsibility for all of my own words and actions in the metaplane. That’s why I will respond directly to all of the claims that have been made… https://t.co/e0ieMGq29N
— Simon Gerovich (@gerovich) 20 February 2026
Metaplanet uses options specifically selling put options and put spreads to generate premium income and potentially acquire bitcoin below the prevailing market price.
Defending this approach, Gerovich said, “Selling put options is not a bet on bitcoin’s price rise.”
Gerovich explained that the strategy is designed to lower the company’s effective procurement costs and capitalize on volatility.
On transparency, Gerovich said, “we are one of the most transparent publicly traded companies in the world.” Gerovich pointed to real-time wallet disclosure and repeated announcements of purchases, including those made in September.
Gerovich also acknowledged concerns about market timing, saying, “September marked a local peak. I have no intention of denying that.” Gerovich emphasized that the strategy is systematic accumulation, not short-term trading.
Finally, Gerovich responded to criticism of financial performance, saying, “Net profit is not an appropriate measure to evaluate a bitcoin tax company.” Gerovich also dismissed claims about the hotel division, saying the company is not in ruins and highlighting its profitability.
Metaplanet shares are trading at 307 yen, while the company has 35,102 BTC.
