Metaplanet CEO Denies Bitcoin Sale Amid $322M Transfer

Woofun AI reports that Metaplanet CEO Simon Gerovich has dismissed speculation regarding a Bitcoin sale, attributing recent high-value movements to a routine custody operation rather than a liquidation event.

The transfer involved 5,014 BTC, valued at $322 million, moving over a 24-hour span starting Wednesday and concluding Thursday. Gerovich confirmed that network fees for this transaction cost the company approximately $8, leaving total holdings unchanged at 43,000 BTC.

Woofun AI data shows Metaplanet remains the third-largest publicly traded Bitcoin treasury company globally and the largest in Asia, currently carrying an unrealized loss of $1.4 billion.

Beyond accumulation, the firm expanded its strategy in March by launching Metaplanet Ventures. This initiative pledges 4 billion yen ($25 million) over two to three years to invest in Bitcoin and crypto infrastructure within Japan.

Strategic targets include reaching 100,000 BTC by the end of 2026 and 210,000 BTC by the end of 2027. This aggressive accumulation plan persists despite significant market volatility.