Metaplanet Didn’t Sell $320M in Bitcoin - It Just Moved Wallets
Metaplanet just had one of those days where the crypto rumor mill nearly ran away with the story. When blockchain trackers spotted a massive Bitcoin transfer from wallets linked to the Tokyo-listed firm, speculation exploded that one of Asia’s biggest corporate Bitcoin holders was quietly cashing out. It wasn’t. CEO Simon Gerovich moved fast to shut down the chatter, insisting the company hadn’t sold a single coin and that its Bitcoin treasury remains fully intact.
Key takeaways
- Metaplanet moved 5,014 BTC, worth roughly $320 million, between its own custodial wallets — not to an exchange or buyer.
- CEO Simon Gerovich confirmed the company’s holdings remain unchanged at 43,000 BTC, worth around $3 billion.
- Metaplanet bought 5,075 BTC in the first quarter of 2026 and another 1,005 BTC in June, building toward its current stockpile.
- The firm launched BitBonds, a fixed-rate debt program designed to raise capital without selling Bitcoin or issuing new shares.
Metaplanet denies selling $320 million in Bitcoin
No, Metaplanet did not sell any Bitcoin — the transfer that triggered the panic was simply the company shuffling coins between its own wallets. Gerovich addressed the confusion head-on, framing the entire episode as a non-event dressed up by on-chain trackers as breaking news.
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