Metaplanet (MSTR) Stock: Rises as CEO Denies Bitcoin Sale After $322M BTC Transfer

TLDR

• Metaplanet stock traded at ¥223, up about 0.9%.
• The company transferred 5,014 BTC worth roughly $322 million.
• CEO Simon Gerovich said no Bitcoin was sold.
• Metaplanet continues to hold 43,000 BTC.
• The company targets 100,000 BTC by the end of 2026.

Metaplanet stock rose 0.9% to ¥223 on Thursday after CEO Simon Gerovich denied speculation that the Japanese Bitcoin treasury company had sold part of its holdings. The clarification followed a transfer of 5,014 BTC worth about $322 million between company-controlled custody addresses.

Gerovich said the transfer was a “routine custody operation” and confirmed that “no bitcoin was sold.” Metaplanet continues to hold 43,000 BTC, while the company’s Bitcoin tracker currently values the treasury at about $2.74 billion.

Metaplanet Keeps 43,000 BTC Despite $1.6 Billion Paper Loss

The 5,014 BTC transfer drew attention because blockchain trackers recorded large movements from known Metaplanet wallets. Gerovich said all of the Bitcoin moved between the company’s own custodial addresses, with the transaction costing about $8 in network fees.

… Continue reading the full article at the original source below.