5,014 BTC coins almost sparked panic! This past Wednesday, an on-chain data tracking firm suddenly detected that Metaplanet, a major Bitcoin holder listed in Tokyo, transferred as many as 5,014 bitcoins, worth approximately $320 million at current market prices. Because recent movements in corporate treasuries have been under the spotlight, the sudden shift of such a huge sum immediately triggered market speculation, with many people worrying that the company was preparing to liquidate and sell off these tokens.
CEO quickly refutes rumors: it’s just routine operations! In the face of market-sparking speculation, Simon Gerovich, CEO of Metaplanet, swiftly stepped forward to deny reports of a large-scale selloff. He clarified that the large transfer flagged by blockchain trackers was merely a “routine custody transfer” conducted between the company’s own custody addresses, not a dump to crash the market.