Metaplanet CEO ends sale speculation after 5,014 BTC move

Metaplanet CEO Simon Gerovich said on Aug. 13 that the Japanese Bitcoin treasury company did not sell any of its holdings after moving 5,014 BTC, valued at roughly $322 million, between custodial addresses over the previous 24 hours. Summary Metaplanet moved 5,014 BTC between custodial addresses while CEO Simon Gerovich denied any Bitcoin sale. 43,000 BTC remain in Metaplanet’s treasury after transfers, according to CEO Simon Gerovich’s latest statement. Metaplanet said moving roughly $322 million in Bitcoin cost approximately $8 in total network fees. Metaplanet remains the third largest public Bitcoin treasury behind Strategy and Twenty One Capital globally. Bitcoin traded near $63,600 today, leaving Metaplanet’s treasury below its reported average acquisition cost overall. The statement answered speculation generated by large transfers from wallets publicly associated with the company. Gerovich said, “This was a routine custody operation. No bitcoin was sold, and our holdings remain 43,000 BTC.” He added that moving the roughly $322 million in Bitcoin cost the company approximately $8 in total network fees. We transferred 5,014 BTC between Metaplanet custodial addresses over the...