Tokyo-listed bitcoin holder Metaplanet isn’t dumping its bitcoin bags.
Company CEO Simon Gerovich moved quickly to dismiss reports of a massive sale, clarifying that Wednesday’s large BTC transfer, flagged by blockchain trackers, was merely a “routine custody transfer” and not a liquidation.
“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,” Gerovich said.
On Wednesday, data tracking firms flagged the movement of 5,014 BTC, worth $320 million at the going spot price, from wallets linked to the firm. That sparked a speculation that the firm was preparing to sell those coins.
These so-called digital asset treasury firms, led by industry giant Strategy, has come under the microscope recently as investors watch for any sign of these major corporate holders trimming…
