Key facts
- Metaplanet CEO Simon Gerovich denied a Bitcoin sale.
- A transfer of 5,014 BTC occurred.
- The transferred Bitcoin was valued at $320 million.
- The transfer was described as a routine custody operation.
- Metaplanet maintains its holdings of 43,000 BTC.
Metaplanet CEO Simon Gerovich has issued a denial regarding a recent large transfer of Bitcoin, clarifying that the movement of 5,014 BTC, worth approximately $320 million, was not a sale. Gerovich explained that the transaction was a routine custody operation, designed to manage the company's digital assets. He affirmed that Metaplanet has not reduced its Bitcoin holdings and continues to maintain its significant reserves. The company's current Bitcoin holdings remain at 43,000 BTC. This statement aims to quell market speculation that arose after the large BTC transfer was observed. The clarification underscores Metaplanet's commitment to its Bitcoin strategy and reassures investors about the stability of its asset management practices.