Metaplanet has denied rumors of selling off 5,014 BTC (about $320 million) discovered yesterday (12/8). The wallets related to this company were said to have transferred a large amount of Bitcoin, raising concerns about a sell-off amid Strategy’s continuous BTC dumping.
However, CEO Simon Gerovich clarified that this was merely a rearrangement of the company’s Bitcoin storage. This transfer took place between Metaplanet’s custody wallets, not a sale on the market.
Metaplanet currently holds 43,000 BTC (about $2.7 billion), becoming the largest Bitcoin reserve company in Asia and ranking among the top 3 worldwide. With an average purchase price of $100,000/BTC, Metaplanet is facing a loss of approximately $1.5 billion.
#Bitcoin
However, CEO Simon Gerovich clarified that this was merely a rearrangement of the company’s Bitcoin storage. This transfer took place between Metaplanet’s custody wallets, not a sale on the market.
Metaplanet currently holds 43,000 BTC (about $2.7 billion), becoming the largest Bitcoin reserve company in Asia and ranking among the top 3 worldwide. With an average purchase price of $100,000/BTC, Metaplanet is facing a loss of approximately $1.5 billion.
#Bitcoin
