Metaplanet CEO Denies Bitcoin Sale After $322M Wallet Transfer

Metaplanet CEO Simon Gerovich clarified on August 13, 2026, that the company did not sell any Bitcoin after moving 5,014 BTC, valued at approximately $322 million, between its own custodial addresses. The Tokyo-based treasury firm's holdings remain unchanged at 43,000 BTC following the internal transfers, which incurred about $8 in blockchain transaction fees.

The clarification addressed market speculation triggered by significant wallet activity observed by blockchain analysts. Analytics platform Lookonchain had initially identified 3,881 BTC departing from wallets connected to the firm, representing about $247 million in value. Gerovich later confirmed the total transferred was 5,014 BTC, emphasizing that all assets remained within Metaplanet's controlled infrastructure. "This was a routine custody operation. No bitcoin was sold, and our holdings remain 43,000 BTC," Gerovich stated.

The transfers were immediately observable because Metaplanet publicly discloses its wallet addresses. However, onchain movements do not necessarily indicate asset liquidation, as companies routinely move Bitcoin among cold storage solutions, custodial partners, or internal wallets while retaining...