Metaplanet CEO Simon Gerovich confirmed no Bitcoin was sold after the company transferred 5,014 BTC worth $322 million between custodial addresses. His statement directly addressed market speculation over a potential sale.
"This was a routine custody operation," Gerovich said Thursday. "No bitcoin was sold, and our holdings remain 43,000 BTC."
The transfer took place over a 24-hour span beginning Wednesday. Network fees for moving $322 million in Bitcoin cost Metaplanet approximately $8—a figure that underscores how cheaply large on-chain moves can be executed when a holder controls the keys.
Metaplanet is the third-largest publicly traded Bitcoin treasury company globally and holds the largest Bitcoin treasury position among public companies in Asia. Arkham data shows the company carries an unrealized loss of about $1.4 billion on its holdings at current prices.
Bitcoin traded at $63,644 at time of publication, down 0.1 percent over the prior 24 hours. Large on-chain movements routinely trigger speculation about forced selling, making Gerovich's prompt denial relevant to investors tracking the position.
Metaplanet has pushed its Bitcoin strategy beyond direct accumulation. In March, it established Metaplanet Ventures, a dedicated entity for ecosystem investments, pledging 4 billion yen—roughly $25 million—for deployment over two to three years targeting Bitcoin and crypto infrastructure in Japan. The company is also developing Bitcoin-backed digital credit solutions with JPYC.
Metaplanet targets 100,000 BTC by the end of 2026 and 210,000 BTC by the end of 2027.
