Metaplanet’s CEO Simon Gerovich Responds to Criticism: Transparency and Bitcoin Strategy Explained
In a recent public statement, Simon Gerovich, CEO of Metaplanet, addressed mounting criticism regarding the company’s transparency and its strategy for purchasing Bitcoin (BTC). This response, shared via X, came in the wake of allegations claiming that Metaplanet was not transparent in its disclosures and improperly managed its investments. Gerovich emphasized the importance of accountability and asserted his full responsibility for the company’s actions.
Gerovich directly challenged claims of non-transparency around bitcoin purchases and related activities. He noted that all bitcoin addresses owned by Metaplanet are accessible on a live dashboard, contradicting the notion that the company is hiding financial details. Additionally, he clarified the reasoning behind withholding specific information on borrowing terms, including the lender’s identity. This decision, he stated, was made to honor a confidentiality request from the lending party, not to obscure financial dealings.
The CEO further defended Metaplanet’s approach to acquiring Bitcoin, particularly during the cryptocurrency’s peak price in September 2025. Critics pointed out that the cryptocurrency’s value has since plummeted by over 40%. Acknowledging this market shift, Gerovich underscored that the company’s strategy is not based on short-term market timing but rather on a systematic approach to accumulating Bitcoin over the long term, regardless of current price fluctuations. This commitment to sustainable growth is integral to Metaplanet’s overall investment philosophy.
Gerovich elaborated on the financial outcomes related to Metaplanet’s Bitcoin acquisitions, revealing that the company faced a net loss of 95 billion yen ($619 million) predominantly due to unrealized losses on Bitcoin holdings. Despite this significant figure, he pointed out that Metaplanet also recorded an impressive operating profit increase of 1,695% year-over-year, totaling 6.29 billion yen ($41 million). This stark contrast showcases the effectiveness and future potential of the company’s strategy.
Even amidst a declining market, Gerovich argued that Metaplanet did not underperform; the company’s stock price dipped by 23% while Bitcoin fell by 24%. He asserted that all funds raised by Metaplanet had been employed according to previously disclosed plans. This commitment to transparency is essential for maintaining shareholder trust and ensuring that the company remains aligned with its long-term goals.
Finally, Gerovich reaffirmed Metaplanet’s target of accumulating 210,000 BTC by 2027, with financial support stemming from operating cash flows and additional capital raises. The company’s share prices have seen a notable decline—63% over the last six months on the Tokyo market—but the leadership remains resolute in its strategy, stating that long-term planning takes precedence over short-term market volatility.
In conclusion, Gerovich’s response reflects a commitment to transparency and a long-term vision for Bitcoin investments. As the cryptocurrency market continues to evolve, Metaplanet is poised to maintain its strategic direction, overcoming challenges while aiming to achieve its ambitious BTC accumulation targets.
