The CEO of Metaplanet, Simon Gerovich, recently spoke out against the rising voices in the market, clearly defending the company's Bitcoin strategy and accounting approach. In particular, responding to criticisms from anonymous accounts, Gerovich stated that he has not taken any steps back regarding transparency.

The most important point emphasized by Gerovich is that Metaplanet has adopted a systematic accumulation approach using sale put options and put spread strategies. This method allows the company to generate income from volatility and to purchase Bitcoin below the current market price. However, Gerovich made a key distinction here: this is not a bet on Bitcoin's price rising, but rather an operational strategy aimed at reducing effective purchase costs.

In defending transparency, Gerovich claimed that they are one of the most open publicly traded companies in the world. Real-time wallet disclosures and regular announcements were presented as proof of this claim. He emphasized that all Bitcoin purchases are reported in a timely manner. Addressing questions about the price movements in September, Gerovich directly acknowledged that it was a local peak but explained that it was part of long-term accumulation, not short-term trading.

In response to criticisms of financial reporting, Gerovich stated that net profit figures are not an appropriate metric for evaluating a Bitcoin treasury company. He emphasized that understanding the true value of Bitcoin assets requires going beyond standard financial metrics like the 730 accounting code.

Currently, Metaplanet holds 35,102 BTC. While Bitcoin is trading around $71,190, Metaplanet's shares are approximately 307 yen. Although BTC has fallen about 50% since the October peak, Gerovich's message is clear: this is a long-term game, and market timing concerns stem from a misunderstanding of the company's strategic intentions.

Additionally, Gerovich denied the claims regarding the hotel division, stating that the business is profitable and operational. With all these statements, Gerovich demonstrated that he is taking responsibility and is ready to be accountable to the public.