Simon Gerovich, CEO of Metaplanet, addressed allegations of "dishonest information disclosure" on the X platform, asserting the company's transparency and commitment to its Bitcoin strategy. Gerovich emphasized that Metaplanet's approach to accumulating Bitcoin remains unchanged, focusing on long-term holdings despite market volatility. The company has been selling put options to reduce Bitcoin acquisition costs, with all transactions promptly disclosed and Bitcoin addresses publicly accessible.
Gerovich refuted claims of undisclosed high-price Bitcoin purchases in September, confirming that all acquisitions were announced. He clarified that the strategy involves systematic accumulation rather than market timing, and that recurring losses are due to unrealized fair value fluctuations, not strategic missteps.
Metaplanet CEO Defends Bitcoin Strategy Amid Disclosure Criticism
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
