Metaplanet CEO denies Bitcoin sale after $322 million transfer, holds 43,000 BTC
🚨 Metaplanet CEO shuts down rumors of $322 million $BTC sale after a major transfer. 🚀 Metaplanet confirms its 43,000 BTC holdings remain unchanged. 🏦 The firm targets 100,000 BTC by 2026 and 210,000 BTC by 2027. 🇯🇵 Metaplanet leads the Bitcoin treasury sector across Asia.
Metaplanet CEO Simon Gerovich has dismissed speculation regarding the sale of the company’sBitcoinholdings following a major on-chain transfer this week. Large Bitcoin transfer sparks speculationOn Wednesday, Metaplanet moved 5,014 BTC, valued at $322 million, over a 24-hour period. This sizable transaction prompted questions in the crypto community about whether the Tokyo-based firm had liquidated some of its assets. Gerovich clarified that the movement represented a standard custody operation. He emphasized that no Bitcoin was sold during the process and confirmed that Metaplanet’s total reserves remain at 43,000 BTC. “This was a routine custody operation. No bitcoin was sold, and our holdings remain 43,000 BTC,” Gerovich stated on Thursday. According to Gerovich, the company spent approximately $8 in network fees to conduct the transfer, a relatively low cost considering the scale of the transaction. Metaplanet ranks as the third-largest publicly traded Bitcoin treasury globally and holds the top position in Asia. Data from analytics platform Arkham indicates the company currently faces an unrealized loss of about $1. 4 billion on its Bitcoin holdings. Mini dictionary: Metaplanet, a Tokyo-based company, is a leading Bitcoin treasury firm holding one of the largest corporate reserves of BTC worldwide. Expansion of Bitcoin strategyMetaplanet has demonstrated an ongoing commitment to the Bitcoin ecosystem beyond simple accumulation. In March, the company launched Metaplanet Ventures, allocating 4 billion yen (approximately $25 million) over the next two to three years towards investments in Bitcoin and crypto infrastructure projects within Japan. Looking forward, Metaplanet has set ambitious growth targets for its Bitcoin reserves. The company aims to reach 100,000 BTC by the end of 2026 and 210,000 BTC by the end of 2027, positioning itself among the most significant Bitcoin holders globally. MetricCurrent2026 Target2027 TargetBTC Holdings43,000100,000210,000Investment in Crypto Infrastructure$25 million (2024-2027)OngoingOngoingEarlier this year, Metaplanet also announced efforts to explore Bitcoin-backed digital credit solutions in collaboration with JPYC, a major stablecoin operator in Japan. Disclaimer:The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.