Metaplanet CEO Responds to Anonymous Allegations, Reveals Details of Bitcoin and Options Trading

Wu Shuo learned that Metaplanet CEO Simon Gerovich publicly responded to anonymous account accusations, including: over the past six months, due to increased volatility, reallocating more capital to income-generating activities, profiting from selling put options and put spreads, some of which were used for long-term Bitcoin purchases and disclosed in a timely manner; all four Bitcoin purchases on September 4 were disclosed promptly, with the strategy being long-term systematic accumulation rather than timing; options trading reduced Bitcoin acquisition costs and was not a bet on price increases; pure profit is not an appropriate indicator for Bitcoin treasury companies, with operating profit of 6.2 billion yen (up 1694% year-on-year) demonstrating the quality of the strategy, and frequent losses due to unrealized valuation changes; credit limits and withdrawals in October to December were disclosed in a timely manner, with borrowing amounts, collateral, interest rate structures, purposes, and conditions fully disclosed. The lender’s identity and specific interest rates were not disclosed due to the counterparty’s request, but the conditions were favorable to the company.