TOKYO — Metaplanet did not sell 5,014 Bitcoin worth $320 million. CEO Simon Gerovich confirmed the transfer was a routine custody operation between the company's own wallets, and the firm's 43,000 BTC position is unchanged.
Blockchain tracking firms flagged the movement and the speculation hit immediately — liquidation rumors spread fast when a wallet linked to a major corporate holder moves that kind of size. Gerovich shut it down directly: internal transfer, no sale, holdings intact.
At current prices, Metaplanet's 43,000 BTC treasury is worth approximately $2.73 billion.
Corporate Bitcoin holders draw scrutiny every time on-chain data shows a large outflow. That transparency cuts both ways — it exposes real selling and it also exposes false alarms like this one. The on-chain read was accurate; the interpretation was wrong.
Strategy, the other major Bitcoin treasury firm, has sold portions of its holdings to fund preferred stock dividends and replenish dollar reserves. That context is why investors are watching every wallet move from any firm running a BTC treasury strategy.
Metaplanet's stock is down 78 percent over the past 12 months on the Tokyo Stock Exchange, which makes any signal of position changes read louder than it otherwise would. Gerovich's confirmation closes the loop: the Bitcoin stack is where it was.
