decrypt.co
In brief
- Metaplanet CEO Simon Gerovich said the company did not sell Bitcoin.
- Gerovich said a 5,014 $BTC transfer was a routine move between company custody addresses.
- The denial came as Metaplanet launched BitBonds, a fixed-rate debt program that could help fund future Bitcoin purchases.
Metaplanet CEO Simon Gerovich denied claims that the company sold Bitcoin after a 5,014 $BTC transfer, valued at roughly $320 million, between company wallets drew attention online.
“We transferred 5,014 $BTC between Metaplanet custodial addresses over the past 24 hours,” Gerovich wrote on X. “This was a routine custody operation. No bitcoin was sold, and our holdings remain 43,000 $BTC.”
Gerovich said the transfers were visible because Metaplanet publishes its Bitcoin addresses, allowing the movements to be tracked in real time.
Recent Bitcoin sales by Strategy have added fuel to speculation that Metaplanet could be looking to offload some of its holdings, after the U.S. Bitcoin treasury firm sold 6,948 $BTC for roughly $432.5 million this year.
The denial also came as the Tokyo-listed firm launched BitBonds, a fixed-rate debt program that gives it another way to raise capital. Metaplanet has continued to add to its Bitcoin treasury, buying 5,075 $BTC in the first quarter of 2026 and another 1,005 $BTC in June, bringing its holdings to 43,000 $BTC, worth around $3 billion.
Metaplanet said the program could be used for future Bitcoin purchases and other corporate purposes. Debt allows the company to raise cash without immediately issuing more shares or selling Bitcoin.
“The Company intends to continue issuing bonds under the Program in light of market conditions and other factors and, over the medium to long term, as the scale of issuance expands, to put in place the arrangements necessary to enable public bond offerings made under a securities registration statement or similar filing,” Metaplanet said in a statement.
The program expands Metaplanet’s capital-markets strategy as it continues to build one of the largest public-company Bitcoin treasuries outside the U.S.
While BitBonds gives Metaplanet another way to raise money for Bitcoin purchases, it also adds more obligations. If Bitcoin falls, the company still has to make payments on its debt.