Metaplanet’s boss adamantly opposed this week, saying critics on social media got the story wrong about big Bitcoin buys, options bets and borrowings that have shaken some investors.
Simon Gerovich said the company made each purchase public and that its own live dashboard and outside trackers confirmed the moves.
What Was DisclosedAccording to the CEO, every major acquisition and options trade was flagged in real time. He called out anonymous accounts for reading filings the wrong way and for treating bookkeeping changes like attempts at concealment.
Selling puts and building option spreads was defended as a way to pick up Bitcoin cheaper over time and to create steady option income. That’s a strategy some firms use: you get paid for taking on the obligation to buy at certain prices.
But it can lead to outsized paper losses when the market turns sharply. Some investors hear “income strategy.” Others hear “long-dated risk.”
メタプラネットはどうやって株主からお金を巻き上げようとしか考えてない会社です
必要な情報を株主に開示しません。
Reports note the company booked strong operating figures tied to options revenue, yet it still posted a heavy net loss because Bitcoin’s market value fell.
The accounting approach means that while cash generated from trading and options activity increased, the reported net income appeared negative due to declines in the value of Bitcoin on the balance sheet.
These accounting rules can result in large, non-cash losses for companies holding Bitcoin during market downturns. Investors and creditors often consider these figures when evaluating the company’s financial position and risk exposure.
Borrowings And Counterparty Details That kind of confidentiality is common in finance, yet when volatile assets back loans, the lack of full detail raises concern.
Reports say the structure was favorable, according to the company, but critics warn that opaque terms can hide potential triggers for forced asset sales.
Featured image from Pexels, chart from TradingView
