Metaplanet CEO Fires Back at Critics as $1.2 Billion Bitcoin Paper Losses Mount

Metaplanet CEO Simon Gerovich fired back at critics, accusing the Japanese Bitcoin-holding firm of misusing shareholder funds and hiding key disclosures.Why it matters:Allegations of undisclosed borrowing against BTC holdings raise governance red flags for public-company crypto investors.Metaplanet holds over $1.2 billion in unrealized Bitcoin losses, making transparency around fund use a direct concern for shareholders.The details: Critics alleged Metaplanet bought BTC at a market top, stayed silent duri ...