Metaplanet Chief Executive Officer Simon Gerovich has refuted market rumors claiming the company sold roughly $322 million worth of Bitcoin. In a public statement, Gerovich explained that the transaction involved shifting 5,014 Bitcoin across internal custody wallets for operational purposes. He emphasized that no Bitcoin was liquidated, confirming that Metaplanet’s total treasury balance remains intact at 43,000 Bitcoin.
Japanese corporate treasury firm Metaplanet has formally denied reports alleging that the company sold off a significant portion of its Bitcoin holdings. Speculation flared across trading forums after blockchain monitoring systems flagged large-scale wallet transfers over a 24-hour period.
In response to market rumors, Metaplanet Chief Executive Officer Simon Gerovich clarified that the multi-million-dollar transfers were part of a routine internal security procedure rather than an asset sale.
On Wednesday, automated blockchain tracking services recorded the movement of 5,014 Bitcoin—valued at approximately $322 million originating from Metaplanet-linked wallet addresses. The sudden movement sparked concern among crypto market participants that the publicly traded firm was liquidating its reserves amid market volatility.
Gerovich quickly addressed the situation on social platform X to reassure shareholders and market participants. He stated that the transactions represented standard custodial management and that no tokens were sold into open spot markets.
According to Gerovich, the entire transfer process cost the company approximately $8 in network transaction fees. He confirmed that Metaplanet’s overall Bitcoin reserves stand unchanged at 43,000 Bitcoin.
Metaplanet’s corporate treasury strategy remains centered on long-term accumulation rather than short-term trading. The company maintains a public dashboard to give investors real-time transparency regarding its wallet balances and transaction history.
Metaplanet, listed on the Tokyo Stock Exchange, is Asia’s largest corporate holder of Bitcoin and ranks among the top three publicly traded treasury holders globally. The firm shifted its core business model to focus primarily on acquiring digital assets as a strategic reserve asset.
To expand its operations, Metaplanet established a dedicated venture arm to support digital infrastructure projects in Japan. The company has outlined long-term corporate targets to accumulate 100,000 Bitcoin by the end of 2026 and expand its balance sheet to 210,000 Bitcoin by late 2027.
Large corporate transfers frequently trigger temporary market speculation on public blockchains. Because blockchain ledgers are transparent, wallet movements between storage providers are visible instantly, occasionally leading observers to misinterpret internal asset reallocations as market sales.
Gerovich’s swift clarification helped quell market anxiety regarding potential corporate selling pressure. With its treasury verified at 43,000 Bitcoin, Metaplanet continues to move forward with its long-term accumulation strategy. Market analysts and investors will likely monitor future wallet movements closely as the firm progresses toward its multi-year accumulation milestones.
