Won't Deny It: Metaplanet CEO Admits Buying Bitcoin at the Peak, Defends Strategy

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Story Highlights* Metaplanet CEO Simon Gerovich fires back at anonymous critics questioning the company’s Bitcoin purchases and disclosure practices.

  • Gerovich admits September was a local peak but says market timing was never the strategy.
  • With 35,102 BTC on the books and $1.2B in unrealized losses, the CEO says the company has not underperformed Bitcoin.
BTC1,45%
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