Metaplanet CEO Simon Gerovich has publicly addressed allegations from an anonymous account regarding the company's financial strategies and transparency. Over the past six months, Metaplanet has shifted more capital towards yield-generating activities due to increased market volatility, profiting from selling put options and put spreads. These profits have been partially used for long-term Bitcoin acquisitions, with all purchases in September disclosed promptly. Gerovich emphasized that their strategy focuses on systematic accumulation rather than market timing.
Gerovich clarified that option trading is aimed at reducing Bitcoin acquisition costs, not speculating on price increases. He noted that net profit is not a suitable metric for evaluating Bitcoin treasury companies, highlighting an operating profit of 6.2 billion yen, a 1694% year-on-year increase, as evidence of strategic quality. The company has disclosed all credit line settings and withdrawals from October to December, including amounts, collateral, interest structures, purposes, and conditions, although specific lender identities and rates remain confidential at the lenders' request. Gerovich assured that these terms are favorable to the company.
Metaplanet CEO Addresses Allegations on Bitcoin Strategy and Financial Transparency
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