I just saw Metaplanet CEO Simon Gerovich respond to the transparency allegations. He said their strategy isn't about market timing, but about long-term, consistent Bitcoin accumulation. It's interesting, especially when he explained about selling options—it's not pure speculation, but an effective way to get Bitcoin below the spot price.

What’s a bit confusing is the losses shown in the report. He said those are just unrealized Bitcoin value fluctuations, not a failure of the strategy. All their Bitcoin transactions are public and can be monitored in real-time, so there should be transparency. But yeah, this also affects Metaplanet's share price in the market.

Last September, he said there were four crypto asset purchases, all announced on time. So, he denied the claim of "buying at the peak without announcement." If all their on-chain addresses are public, it should be easy to verify. I'm just curious how investors will respond to this explanation moving forward.