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Edition 2026-08-13

CRYPTO

Metaplanet CEO Denies Bitcoin Sale Rumors After $322M Transfer

Metaplanet CEO Simon Gerovich said Thursday that the company did not sell Bitcoin after moving 5,014 BTC valued at roughly $322 million between Wednesday and Thursday, and that ...

By cointelegraph · 72d ago · Source: cointelegraph

Full article

Metaplanet CEO Simon Gerovich said Thursday that the company did not sell Bitcoin after moving 5,014 BTC valued at roughly $322 million between Wednesday and Thursday, and that its holdings remain at 43,000 BTC.

Metaplanet, the third‑largest publicly traded Bitcoin treasury company and the largest in Asia, reported an unrealized loss of about $1.4 billion on its holdings according to Arkham data. The transfer occurred over a 24‑hour period and incurred network fees of approximately $8 million.

Gerovich described the movement as a routine custody operation, emphasizing that no Bitcoin was sold. The firm continues to expand its strategy beyond accumulation; in March it launched Metaplanet Ventures, committing 4 billion yen ($25 million) over two to three years to invest in Bitcoin and crypto infrastructure in Japan, with targets of 100,000 BTC by the end of 2026 and 210,000 BTC by the end of 2027.

The company has not indicated any change in its long‑term Bitcoin acquisition goals, and the transfer has not affected its stated plans for additional holdings.

Source transparency

Publisher
cointelegraph
Reliability
high
Published
8/13/2026, 10:00:33 AM
Retrieved
8/13/2026, 10:00:33 AM
Relevance
80%
Confidence
85%
Read original at cointelegraph

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