Metaplanet (OTC:MTPLF) CEO Simon Gerovich fired back at critics claiming the company lacks transparency and mismanaged Bitcoin (CRYPTO: BTC) purchases, defending a 23% stock decline versus BTC’s 24% drop as proof the strategy works.

The Transparency Defense

Gerovich published a detailed rebuttal on X on Friday, addressing accusations that Metaplanet engaged in dishonest disclosures and concealed high-priced Bitcoin purchases. He called the claims factually incorrect.

“It’s easy to hide behind an anonymous account, criticize others, and stir up flame wars without taking any responsibility whatsoever,” Gerovich wrote. 

“However, I have absolutely no hesitation about publicly taking…

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