Metaplanet Dismisses Market Speculation Over $322M BTC Transfer

Metaplanet has dismissed market speculation surrounding significant Bitcoin movements from its wallets. In a statement, CEO Simon Gerovich clarified that the transfer of $322 million in BTC was an internal custody operation and not a sale.

The Tokyo-based company moved 5,014 BTC between custodial addresses over a 24-hour period. This routine transfer has sparked concerns among market observers, who detected substantial wallet activity associated with Metaplanet during this time frame.

Metaplanet's holdings of 43,000 BTC remain unchanged following the internal transfers. The company occupies third place globally in terms of corporate Bitcoin reserves, trailing Strategy and Twenty One Capital.