Metaplanet CEO Denies Hidden Losses and Rejects Claims Over BTC Options Trades
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Metaplanet CEO Simon Gerovich refutes claims of undisclosed Bitcoin trades and hidden losses. The company's strategy aims to lower Bitcoin entry costs through put options rather than speculative trading. The criticism comes from an anonymous account alleging lack of transparency in their trading practices.
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- Simon Gerovich denies claims of undisclosed Bitcoin trades.
- The company says put options strategy lowered Bitcoin entry costs.
- He explained the goal is to steadily increase holdings regardless of short-term price movements.
Metaplanet CEO Simon Gerovich has pushed back against allegations that the company hid losses and speculated on Bitcoin through risky options trades. The criticism emerged this week from an anonymous social media account. Gerovich said the firm’s strategy focused on lowering acquisition costs, not betting on price swings.
Allegations Surface Online
The dispute involves Tokyo-listed Metaplanet, which has shifted toward a Bitcoin treasury strategy. An anonymous post accused the company of withholding key disclosures, buying Bitcoin near market highs, and failing to fully explain its options trading activities.
The post claimed that Metapla…
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