Metaplanet Moves $322M in Bitcoin, CEO Quashes Sale Rumors
- Simon Gerovich clarified that zero Bitcoin was sold during recent transfers.
- Metaplanet moved 5,014 BTC worth $322 million between custodial wallet addresses.
- Metaplanet holds 43,000 BTC and remains Asia’s largest public Bitcoin holder.
Blockchain analytics trackers stoked strong market speculation across digital asset trading desks early on Wednesday.
The analysts saw a whopping transfer of millions of Bitcoin moving from one big institutional wallet to another.
Company executive leadership quickly assuaged any worries about asset liquidation or market dumping.
Routine Wallet Reorganization Clears Concerns Over Metaplanet Bitcoin Transfer
Metaplanet’s CEO Simon Gerovich officially clarified that zero digital assets were liquidated during the operational movement. Furthermore, the company completed an internal Metaplanet Bitcoin transfer of 5,014 BTC between secure cold wallet addresses. Overall, market analysts can confirm that the corporate treasury reserve is complete.
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.
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