Metaplanet Says No Bitcoin Was Sold After $322M BTC Transfer
Metaplanet CEO Simon Gerovich denied speculation that the Japanese Bitcoin treasury company was selling its holdings after it transferred 5,014 $BTC
worth about $322 million between custody addresses.
Gerovich said the transaction was a routine custody operation and that Metaplanet’s holdings remain unchanged at 43,000 BTC. The company paid only about $8 in Bitcoin network fees for the transfers.
Metaplanet is currently the third-largest publicly traded Bitcoin treasury company globally and the largest in Asia. Arkham data indicates the company is sitting on an unrealized Bitcoin loss of roughly $1.4 billion.
The company aims to increase its holdings to 100,000 BTC by the end of 2026 and 210,000 BTC by the end of 2027.
Metaplanet also reported first-half revenue of 4.94 billion yen, up 134% year over year, and operating profit of 3.33 billion yen, up 136%. However, it posted a 182.8 billion yen net loss, largely due to a non-cash Bitcoin valuation loss.
Metaplanet CEO Simon Gerovich denied speculation that the Japanese Bitcoin treasury company was selling its holdings after it transferred 5,014 $BTC
worth about $322 million between custody addresses.
Gerovich said the transaction was a routine custody operation and that Metaplanet’s holdings remain unchanged at 43,000 BTC. The company paid only about $8 in Bitcoin network fees for the transfers.
Metaplanet is currently the third-largest publicly traded Bitcoin treasury company globally and the largest in Asia. Arkham data indicates the company is sitting on an unrealized Bitcoin loss of roughly $1.4 billion.
The company aims to increase its holdings to 100,000 BTC by the end of 2026 and 210,000 BTC by the end of 2027.
Metaplanet also reported first-half revenue of 4.94 billion yen, up 134% year over year, and operating profit of 3.33 billion yen, up 136%. However, it posted a 182.8 billion yen net loss, largely due to a non-cash Bitcoin valuation loss.