Metaplanet’s Simon Gerovich hit back at critics who accused the company of hiding losses and key details of its Bitcoin bets, as investor anger over leveraged Bitcoin treasuries spreads.
Metaplanet CEO Simon Gerovich has pushed back against accusations from what he called “anonymous accounts” that the company misled investors about its Bitcoin strategy and disclosures.
Critics on X argued that Metaplanet delayed or withheld price‑sensitive information about large Bitcoin (BTC) purchases and options trades funded with shareholder capital, obscured losses from its derivatives strategy, and failed to fully disclose key terms of its BTC‑backed borrowings.
In a detailed X post on Friday, Gerovich argued that Metaplanet promptly reported all Bitcoin purchases, option strategies, and borrowings, and that critics were misreading its financial statements rather than uncovering misconduct.
