Metaplanet CEO Rejects Claims of Incomplete Bitcoin Disclosure

Metaplanet CEO Simon Gerovich has pushed back against viral claims. That claim the company failed to properly disclose key Bitcoin activity. In a detailed response on February 20, Gerovich said the accusations were “inflammatory and contrary to the facts.” 

The criticism came from an anonymous investor who alleged that the delayed Bitcoin purchase announcements. Including unclear options trades and hidden borrowing details. The dispute arises during a tough market period, with Metaplanet’s stock sharply lower from its 2025 highs. As Japan’s most aggressive public Bitcoin treasury firm. The company now faces rising scrutiny from investors.

The Spark Behind the Accusations

The controversy began with a February 18 post from a Japanese user @tenb1. He claimed Metaplanet was “squeezing shareholders.” The critic argued the firm relied too heavily on Bitcoin purchases funded by investors. They also claimed the company failed to promptly disclose major September buys near local price highs.

In addition, the post questioned the company’s options strategy and borrowing transparency. The user said key loan details were missing and suggested regulators should review the situation. The thread quickly gained traction online. It reflects growing investor nerves during the recent market slowdown.

Metaplanet CEO’s Point-by-Point Defense

Metaplanet CEO responded directly and firmly. He said all Bitcoin purchases were disclosed on time and remain publicly verifiable through the company’s live dashboard. According to him, Metaplanet made four Bitcoin purchases in September and announced each one promptly.

He also defended the firm’s options strategy. Selling put options, he explained, is meant to lower the effective Bitcoin purchase price. For example, if Bitcoin trades at $80,000 and the company collects a premium. The net cost can fall significantly. He stressed this is not a directional bet but a cost reduction method.

On borrowing concerns, Metaplanet CEO said the company made three separate disclosures covering its credit facility and drawdowns. Some details, such as lender identity and exact rates. Those were withheld at the counterparty’s request. He added that Metaplanet’s operating profit rose to ¥6.2 billion in 2025. It is up 1,694% year over year. Meanwhile, the hotel business generated ¥169 million in operating profit on ¥437 million in revenue.

Community Reaction Remains Split

The response didn’t fully calm the debate. Supporters praised the Metaplanet CEO for addressing the claims head on and maintaining transparency. But critics continued to demand more granular disclosures. Especially around financing terms. Crypto media outlets quickly picked up the exchange. They are framing it as a test of transparency for public Bitcoin treasury firms. The discussion highlights how sensitive investors have become during volatile market conditions.

What This Means Going Forward

The episode shows the growing pressure on companies that run aggressive Bitcoin treasury strategies. Metaplanet continues to position itself as a long term accumulator, not a market timer. Still, public scrutiny will likely remain high. While Bitcoin prices stay choppy. For now, the clash underscores a broader reality. Corporate Bitcoin plays can attract strong interest. But they also invite equally strong questions from shareholders trying to manage risk in a volatile market.

The post Metaplanet CEO Rejects Claims of Incomplete Bitcoin Disclosure appeared first on Coinfomania.