🔥 Metaplanet Denies Selling $320M in Bitcoin as Firm Launches BitBonds.
Image: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Metaplanet CEO Simon Gerovich said the company did not sell Bitcoin. Gerovich said a 5,014 BTC transfer was a routine move between company custody addresses. The denial came as Metaplanet launched BitBonds, a fixed-rate debt program that could help fund future Bitcoin purchases. Metaplanet CEO Simon Gerovich denied claims that the company sold Bitcoin after a 5,014 BTC transfer, valued at roughly $320 million, between company wallets drew attention online.
We transferred 5,014 BTC between Metaplanet custodial addresses over the past 24 hours, Gerovich wrote on X. This was a routine custody operation. No bitcoin was sold, and our holdings remain 43,000 BTC. Gerovich said the transfers were visible because Metaplanet publishes its Bitcoin addresses, allowing the movements to be tracked in real time. Recent Bitcoin sales by Strategy have added fuel to speculation that Metaplanet could be looking to offload some of its holdings, after the U.S.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
$BTC $ETH
#SECryptoRegulation #AICryptoIntegration #CryptoWallet
Image: Shutterstock/DecryptCreate an account to save your articles.Add on GoogleAdd Decrypt as your preferred source to see more of our stories on Google.In brief Metaplanet CEO Simon Gerovich said the company did not sell Bitcoin. Gerovich said a 5,014 BTC transfer was a routine move between company custody addresses. The denial came as Metaplanet launched BitBonds, a fixed-rate debt program that could help fund future Bitcoin purchases. Metaplanet CEO Simon Gerovich denied claims that the company sold Bitcoin after a 5,014 BTC transfer, valued at roughly $320 million, between company wallets drew attention online.
We transferred 5,014 BTC between Metaplanet custodial addresses over the past 24 hours, Gerovich wrote on X. This was a routine custody operation. No bitcoin was sold, and our holdings remain 43,000 BTC. Gerovich said the transfers were visible because Metaplanet publishes its Bitcoin addresses, allowing the movements to be tracked in real time. Recent Bitcoin sales by Strategy have added fuel to speculation that Metaplanet could be looking to offload some of its holdings, after the U.S.
❓ What's your take is this the start of a bigger move or just noise? Drop it below.
$BTC $ETH
#SECryptoRegulation #AICryptoIntegration #CryptoWallet