Metaplanet CEO Simon Gerovich addressed recent anonymous allegations regarding the company’s financial strategies, clarifying that the rising volatility over the past six months prompted a shift towards income strategies, such as selling put options and spreads to enhance capital. This approach not only aims to lower the costs of Bitcoin acquisitions but also supports a systematic accumulation of Bitcoin for long-term holdings, a tactic disclosed promptly and transparently through their public dashboard, which allows stakeholders to monitor Bitcoin transactions in real-time. Gerovich emphasized this strategy is not about market timing but about consistent and transparent investment in Bitcoin, despite the recent market fluctuations.
Metaplanet CEO defends Bitcoin acquisition strategy amid criticism
