Metaplanet CEO responds to disclosure questions: Selling put options reduced Bitcoin costs; long-term holding strategy remains unchanged.
On February 20th, PANews reported that Simon Gerovich, CEO of the Japanese Bitcoin treasury company Metaplanet, responded on the X platform to anonymous accounts inciting public opinion and accusing the company of "dishonest information disclosure" without any responsibility. He stated that the claims were inconsistent with the facts, and that he and the company were willing to take full responsibility for all their words and actions. The company's long-term, systematic strategy of accumulating Bitcoin remains unchanged. Gerovich stated that over the past six months, amidst rising volatility, the company has increased its allocation to income-generating businesses, obtaining premiums through the sale of put options and spread strategies, and allocating some funds to long-term Bitcoin holdings. All Bitcoin purchases are disclosed immediately after the decision is made, and all of the company's Bitcoin addresses are publicly available, allowing shareholders to view their holdings through a real-time dashboard. Regarding the accusation of "buying at a high price in September without disclosure," he stated that four Bitcoin purchases were made in September, all of which were promptly announced. The company's strategy is not market timing, but rather a long-term, systematic accumulation of Bitcoin. Furthermore, the sale of put options is not simply a bet on price increases, but rather an acquisition of Bitcoin at an effective cost below the spot price. Recurring losses primarily stem from fluctuations in the unrealized fair value of Bitcoin held long-term and not sold; interpreting this as a strategic failure is a misinterpretation.
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