Metaplanet CEO Simon Gerovich officially confirmed on August 13 that the company did not sell any Bitcoin after moving 5,014 BTC worth approximately $322 million between custodial addresses over the previous 24 hours. As reported by crypto.news, Gerovich stated that "This was a routine custody operation. No bitcoin was sold, and our holdings remain 43,000 BTC." The CEO clarified that the company moved the roughly $322 million in Bitcoin cost the company approximately $8 in total network fees, resolving speculation generated by large onchain transfers from wallets publicly associated with the company. The statement directly addresses uncertainty about whether Wednesday's movements represented a sale, with Gerovich noting that Metaplanet publishes its addresses, making the transfers observable in real time. According to AMBCrypto, the transfer maintained Metaplanet's overall holdings at 43,000 BTC while keeping the coins outside active circulation, demonstrating the company's commitment to its accumulation strategy.
According to reports from Lookonchain, Metaplanet moved 3,881 Bitcoin worth approximately $247.3 million from wallets tracked by onchain analysts on August 12. The transfer occurred during a period when Bitcoin was trading near $63,600, with no confirmed sale reported. Lookonchain first reported a 1,473 BTC transfer worth about $93.8 million, then confirmed total outflows had reached 3,881 BTC over roughly three hours. The transferred amount represents approximately 9% of Metaplanet's last officially disclosed 43,000 BTC treasury balance. The CEO's clarification raised the total moved over 24 hours to 5,014 BTC, with Gerovich confirming that the Bitcoin was transferred between the company's own custodial addresses rather than sold to third parties. As noted by AMBCrypto, moving $322 million for roughly $8 demonstrates the low settlement cost of the transaction, while the movement suggests Metaplanet was reorganizing its treasury while keeping its broader accumulation strategy intact.
As reported by Lookonchain, Metaplanet acquired its 43,000 BTC at an estimated average price of $96,191 and is currently sitting on a loss of $1.4 billion based on mark-to-market calculations. The company officially reported 43,000 BTC holdings in July after purchasing 2,823 BTC during the second quarter. At the time of writing, Bitcoin traded around $63,600, well below Metaplanet's average acquisition price of $96,191, placing the 43,000 BTC position roughly $1.4 billion below its estimated cost basis. The calculation represents a mark-to-market loss that does not represent a realized loss unless coins are sold, with Gerovich's statement confirming the holdings remain unchanged at 43,000 BTC following the latest transfers.
As reported by crypto.news, Metaplanet remains the third largest public Bitcoin treasury globally with 43,000 BTC, behind Strategy (840,447 BTC) and Twenty One Capital (43,514 BTC). The company has set ambitious targets of 100,000 BTC by end of 2026 and 210,000 BTC by end of 2027, requiring another 57,000 BTC to reach the first target. Despite the large transfers, Metaplanet shares traded around 223 yen at 1:14 p.m. JST on August 13, up about 0.9% for the session, with Bitcoin trading near $63,616 and little changed on the day. The company's Bitcoin strategy is expanding beyond accumulation, with a ¥4 billion Bitcoin venture initiative launched in March to invest in Japanese financial infrastructure, and exploration of Bitcoin backed credit products and securities businesses providing potential uses for Bitcoin custody arrangements beyond outright sale. According to AMBCrypto, the divergence between corporate holders like Metaplanet maintaining their positions and whale selling activity demonstrates that "corporate supply stayed locked" while "dormant whale selling remains limited," keeping Bitcoin supply pressure contained.
