CEO’s Bitcoin Bet: A Descent into Madness

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Metaplanet’s Simon Gerovich, a man of letters and liquidity, defended his Bitcoin strategy as shares plummeted, invoking transparency, discipline, and the alchemy of options income.

Simon Gerovich, CEO of Metaplanet, faced a tempest of online vitriol this week. The storm was fueled by a sharp decline in Bitcoin and Metaplanet shares. Market volatility, that fickle lover, had left companies with aggressive Bitcoin strategies gasping for breath.

Metaplanet CEO Responds to Critics Amid Market Decline

Bitcoin, once the golden child of the digital age, now lay prostrate, its price a mere shadow of its former glory, hovering around $67,000. Metaplanet shares, meanwhile, had vanished like a dream upon waking, down 85% from their 2025 peak.

Related Reading: Metaplanet Pledges to Hold Bitcoin Amid Volatility

Gerovich, ever the advocate of transparency, dismissed the critics as “anonymous hounds,” barking without a leash, their outrage unmoored from the chains of accountability. “What is a company if not a symphony of accountability?” he mused, as the shareholders nodded in agreement, though none could quite grasp the melody.

Gerovich rejected claims of insincerity, calling them “inflammatory drivel.” He insisted that Bitcoin holdings, like secrets, were best shared openly-wallet addresses, he claimed, were as public as a circus tent.

Metaplanet’s live dashboard, he boasted, was a beacon of transparency, a rarity in a world of corporate shadows. “Few listed companies offer such openness,” he declared, as if the moon itself had endorsed his cause.

Gerovich confirmed four Bitcoin purchases in September, each announced with the solemnity of a coronation. “No secrets here,” he said, though the shareholders wondered if the “secrets” were merely hidden in plain sight.

Strategy Focuses on Long-Term Bitcoin Accumulation

Gerovich conceded September was a peak, but insisted his strategy was not a fleeting dance with the market. “We are not gamblers,” he said, “but collectors of digital gold, regardless of price.”

He defended options-based income, explaining put-selling as a “financial sleight of hand.” “Imagine,” he said, “a $80,000 Bitcoin, and a put option that lowers the cost to $70,000. It’s like a magician’s trick-except the rabbit is a cryptocurrency and the hat is a balance sheet.”

Gerovich claimed this strategy slashed Metaplanet’s costs, though the shareholders wondered if the “efficiency” was merely a fancy word for “praying to the altar of volatility.”

Metaplanet Reports 1,694% Operating Profit Growth Year-Over-Year

Gerovich, with a flourish, unveiled the numbers: a 1,694% surge in operating profit, a figure so colossal it could make a dragon jealous. Yet, he cautioned, “Do not mistake this for success; it is merely the echo of a strategy that has yet to face the true test of time.”

The reported loss, he explained, was a “valuation adjustment,” a euphemism for the pain of holding long-term Bitcoins. “Accounting,” he said, “is a game of shadows and light.”

Gerovich confirmed three timely disclosures on financing, though lender identities remained shrouded in secrecy. “Good terms,” he insisted, “but not a single secret agreement in sight.”

As a major shareholder, Gerovich claimed personal vulnerability, though the shareholders questioned if his “vulnerability” was merely a performance. Metaplanet’s hotel business, he added, raked in 437 million yen-a sum so small it could buy a single Bitcoin, if one were so inclined.

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2026-02-20 11:01