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Metaplanet CEO Responds to Misinformation on Disclosure: Buys Were Disclosed Immediately, All Bitcoin Holding Addresses Publicly Available

2026.02.20 10:05:57

February 20: Simon Gerovich, CEO of Metaplanet—the Japanese firm behind the Bitcoin Treasury (DAT)—addressed anonymous "dishonest disclosure" accusations in a post. Gerovich noted that he and Metaplanet are prepared to take public accountability for all their words and actions, and their long-term, systematic Bitcoin accumulation strategy remains unchanged. Over the past six months, amid rising market volatility, Metaplanet has expanded its revenue-generating initiatives: selling put options, using spread strategies to earn premiums, and allocating some capital to long-term Bitcoin holdings. All Bitcoin purchases are disclosed immediately upon decision, all of the firm’s Bitcoin addresses are public, and shareholders can track positions via a real-time dashboard. On the claim of "buying at a peak in September without disclosure," Gerovich clarified that last September, the firm made four total Bitcoin purchases, all of which were announced promptly. The firm’s strategy focuses on long-term, systematic Bitcoin accumulation—not market timing. Additionally, selling put options is not just a bet on higher prices—it’s a strategy to acquire Bitcoin at an effective cost below the spot rate. Recurring losses primarily stem from unrealized fair value fluctuations in long-term, held-for-sale Bitcoin holdings; framing this as a strategic failure is a misinterpretation.
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