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: Metaplanet holds over $1. 2 billion in unrealized Bitcoin losses, making transparency around fund use a direct concern for shareholders. Allegations of undisclosed borrowing against BTC holdings raise governance red flags for public-company crypto investors
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