Metaplanet CEO shuts down Bitcoin sale speculation after $322M transfer
Abstract:Metaplanet CEO Simon Gerovich refuted claims that the Japanese Bitcoin treasury firm sold its holdings, calling the recent transfer of 5,014 BTC, worth about $322 million, a routine custody operation. He confirmed the company still holds 43,000 BTC and said the network fees for moving the funds came to roughly $8. Metaplanet is the third-largest publicly traded Bitcoin treasury company globally and the largest in Asia, though Arkham data indicates an unrealized loss of about $1.4 billion. The firm continues expanding its strategy, having launched Metaplanet Ventures in March with a 4 billion yen ($25 million) commitment for Bitcoin and crypto infrastructure in Japan. Its targets are 100,000 BTC by end-2026 and 210,000 BTC by end-2027.
Metaplanet CEO Simon Gerovich has shut down speculation that the Japanese Bitcoin treasury company was selling its holdings.
“This was a routine custody operation. No bitcoin was sold, and our holdings remain 43,000 BTC,” Gerovich said Thursday.
The company transferred 5,014 BTC ($322 million) over a 24-hour span starting Wednesday. Gerovich said the network fees to move the trove cost Metaplanet about $8.
Metaplanet is the third-largest publicly traded Bitcoin treasury company and the largest in Asia. According to Arkham data, it is sitting on an unrealized loss of about $1.4 billion.
Metaplanet has continued to expand its Bitcoin strategy beyond accumulation. In March, the company established Metaplanet Ventures, pledging 4 billion yen ($25 million) over two to three years to invest in Bitcoin and crypto infrastructure in Japan.
The company is targeting holdings of 100,000 BTC by the end of 2026 and 210,000 BTC by the end of 2027.
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