Metaplanet Denies $320M Bitcoin Sale Rumor Amid Market Speculation

Metaplanet, a company that has been at the forefront of corporate Bitcoin adoption in Asia, recently denied rumors that it had sold $320 million worth of BTC. The rumor sparked a wave of speculation among traders and investors, who monitor the wallet activity of large holders like Metaplanet.

The company's chief executive dismissed the sale chatter, confirming that Metaplanet still holds 43,000 BTC. This denial comes at a time when on-chain watchers and exchange flows are being closely monitored than usual, with false liquidation signals tied to known treasury holders having a significant impact on market sentiment.

The sale speculation appears to have originated from unverified wallet activity, rather than any official announcement. For a treasury holder of Metaplanet's size, even the appearance of movement can send shockwaves through the market, as traders quickly react to large balances shifting between wallets or exchanges.