Tokyo-listed Metaplanet is not selling its bitcoin, according to CEO Simon Gerovich, who moved quickly to shut down speculation sparked by a large on-chain movement.
Routine custody, not a sale
On Wednesday, blockchain data trackers flagged the movement of 5,014 BTC, worth roughly $320 million at spot prices, from wallets tied to the firm.
That prompted speculation the company was preparing to offload the coins.
Gerovich addressed the reports directly:
“We transferred 5,014 BTC between Metaplanet custodial addresses over the past 24 hours. This was a routine custody operation. No bitcoin was sold, and our holdings remain 43,000 BTC.”
Treasury firms under scrutiny
Corporate bitcoin holders are facing closer attention from investors watching for any sign that large balance sheets are being trimmed to lock in gains or reduce risk.
