Metaplanet CEO Clears The Air: They Haven’t Sold Any Bitcoin - Blockzeit
Metaplanet CEO Simon Gerovich denied claims that they’re planning to sellBitcoinafter their wallets moved 5,014 BTC. The company currently nurses $1. 67 billion in paper losses from its BTC bet. Strategy(MSTR). . .
Metaplanet CEO Simon Gerovich denied claims that they’re planning to sellBitcoinafter their wallets moved 5,014 BTC. The company currently nurses $1. 67 billion in paper losses from its BTC bet. Strategy(MSTR) backtracked from Executive Chairman Michael Saylor’s earlier promise not to sell any of its Bitcoin (BTC) holdings. Now, members of the crypto community are on the edge of their seats as they await the next big digital asset treasury (DAT) company that will flinch amid the tension. Metaplanet Inc. , a publicly traded company on the Tokyo Stock Exchange (TSE), recently took the hot seat as it moved a significant portion of its Bitcoin holdings to another address. Some immediately raised the alarm about incoming selling pressure, considering that the entity is one of the largest corporate holders of the asset. Simon Gerovich, CEO of Metaplanet, immediately took to X to allay speculations over their company potentially dumping their Bitcoin holdings as investors continuously brace themselves amid the persistently bearishmarket sentiment. He explained that their transfer of 5,014 BTC was just a “routine custody operation. ”That means the company’s digital asset portfolio remains at 43,000 BTC. Gerovich highlighted that they have published theiraddressesso the public can see their transfers in real time. Additionally, the CEO revealed that it cost Metaplanet only $8 in network fees to move around $322 million worth of BTC, sparking a comparison with the estimated $700,000 to $1. 3 million in fees that investors would incur when moving the same amount of gold between Japan and the US. We transferred 5,014 BTC between Metaplanet custodial addresses over the past 24 hours. This was a routine custody operation. No bitcoin was sold, and our holdings remain 43,000 BTC. All of our addresses are published, which is why the transfers were observable in real time. …— Simon Gerovich (@gerovich)August 12, 2026To date, Metaplanet is the third-largest public company holding Bitcoin in its treasury perBitcoinTreasuriesNetdata. It trails behind Twenty One Capital’s 43,514 BTC stash. However, the Japanese firm remains far from Strategy’s 840,447 BTC haul, even after the Saylor-co-founded institution hassold another $108 million in BTCover the past week to raise its cash reserves and repurchase a significant chunk of its STRC preferred shares. As of Thursday morning (UTC), Metaplanet has an unrealized loss of roughly $1. 67 billion on its Bitcoin holdings while the premier crypto asset traded at approximately $63,700 per coin onCoinbase. The blowback has driven the company’s BTC Net Asset Value (NAV) to $2. 74 billion. Meanwhile, the paper losses have pulled Metaplanet’s enterprise value against its BTC NAV to0. 87x. It indicates that the market prices its overall equity at a discount relative to the underlying digital assets on its balance sheet. Metaplanet’s Bitcoin Portfolio (Source: Metaplanet)What’s your Reaction?+10+10+10+10+10+10+10Giancarlo PerlasGiancarlo is an economist by profession with a career spanning nearly two decades. His professional journey has seen him assume vital roles in various government and private organizations such as the Department of the Interior and Local Government (DILG), the National Economic and Development Authority (NEDA), Megaworld Corporation, and the China Banking Corporation in the Republic of the Philippines. In addition to his civic and corporate pursuits, his forward-thinking approach has led him to manage several prominent websites in the banking and finance sector, notably the Australia-based RateChoice, where he immersed himself in the world of emerging financial technologies and where he found particular interest in Bitcoin all the way back to 2013. Prior to his addition to Blockzeit’s dynamic team, he held an essential role as Project Manager for initiatives encompassing blockchain, tokenization, stablecoin, mining, special economic zone development, and iGaming. This noteworthy chapter in his career unfolded under the auspices of InPlan Consultancy Services, Inc. , the think-tank of IMPERO Consortium Management Corporation headquartered in Manila, Philippines, and Tokyo, Japan. InPlan, led by a distinguished retired Cabinet member of the Philippines, collaborates directly with IMPERO's core management team, contributing to strategic planning and business development endeavors.