Key facts
- Metaplanet transferred 5,014 BTC ($322 million) between custodial addresses.
- CEO Simon Gerovich confirmed no Bitcoin was sold during the operation.
- The company's total Bitcoin holdings remain 43,000 BTC.
- Network fees for the large transfer amounted to approximately $8.
Metaplanet CEO Simon Gerovich has addressed speculation surrounding the company's Bitcoin holdings, stating that a recent large transfer of 5,014 BTC, valued at $322 million, was a routine custody operation and did not involve any sales. Gerovich confirmed that Metaplanet's total holdings remain at 43,000 BTC, with the significant transfer costing only about $8 in network fees.
Metaplanet, the third-largest publicly traded Bitcoin treasury company and the largest in Asia, is currently sitting on an unrealized loss of approximately $1.4 billion. Despite this, the company is actively expanding its Bitcoin strategy. In March, it established Metaplanet Ventures with a pledge of 4 billion yen ($25 million) over two to three years to invest in Bitcoin and crypto infrastructure within Japan. The company has ambitious targets, aiming to hold 100,000 BTC by the end of 2026 and 210,000 BTC by the end of 2027.