Metaplanet CEO Simon Gerovich has shut down hypothesis that the Japanese Bitcoin treasury firm was promoting its holdings.
“This was a routine custody operation. No bitcoin was bought, and our holdings stay 43,000 $BTC,” Gerovich mentioned Thursday.
The corporate transferred 5,014 $BTC ($322 million) over a 24-hour span beginning Wednesday. Gerovich mentioned the community charges to maneuver the trove value Metaplanet about $8.
Metaplanet is the third-largest publicly traded Bitcoin treasury firm and the biggest in Asia. Based on Arkham knowledge, it’s sitting on an unrealized lack of about $1.4 billion.
Metaplanet has continued to broaden its Bitcoin technique past accumulation. In March, the corporate established Metaplanet Ventures, pledging 4 billion yen ($25 million) over two to 3 years to put money into Bitcoin and crypto infrastructure in Japan.
The corporate is concentrating on holdings of 100,000 $BTC by the top of 2026 and 210,000 $BTC by the top of 2027.
