Metaplanet CEO Refutes BTC Transparency Claims
Generally, People Think Metaplanet Is Not Transparent About Their Bitcoin Purchases. Obviously, This Is Not True, According To Metaplanet CEO Simon Gerovich, Who Defends The Firm’s Bitcoin Purchases And Option Strategy, Citing Real-Time Dashboards, Disclosed Borrowings, And A 1,694% Operating Profit Surge. Normally, Companies Like Metaplanet Would Not Disclose This Information, But They Are Trying To Be More Transparent.
Background
Recently, Metaplanet Got Slammed After Online Rumors Said They Hid Bitcoin Buys And Misused Shareholder Capital, Which Is A Pretty Serious Accusation. Usually, Companies Try To Address These Rumors As Soon As Possible, But Sometimes It Takes A While To Gather All The Facts. Apparently, The Gossip Claimed A Big Bitcoin Purchase Near The September Price Peak Was Funded By Money From An Overseas Public Offering, And That Investors Weren’t Told Quick Enough, Which Is A Fairly Serious Allegation.
