Metaplanet transferred 5,014 BTC between custodial wallets, but CEO Simon Gerovich said no Bitcoin was sold. The company’s Bitcoin holdings remain at 43,000 BTC, with the transfers costing ab
Metaplanet transferred 5,014 BTC worth about $322 million between its custodial wallets on August 13. CEO Simon Gerovich said the transfers were routine custody operations and involved no Bitcoin sale. He added that Metaplanet’s holdings remained at 43,000 BTC, while total network fees for the transfers reached roughly $8.
Gerovich addressed the wallet activity after blockchain monitoring services identified large Bitcoin movements linked to Metaplanet. Lookonchain initially reported 3,881 BTC leaving wallets associated with the company.
However, Gerovich said the total transferred amount reached 5,014 BTC. He also said Metaplanet publishes all its wallet addresses, making the transactions visible in real time. According to Gerovich, the Bitcoin remained within Metaplanet’s custodial infrastructure. The company therefore did not reduce its disclosed Bitcoin holdings through the transfers.
Notably, moving the $322 million Bitcoin position across the network cost approximately $8 in transaction fees. The transfers involved movement between custodial addresses rather than a reported exchange transaction.
Metaplanet remains among the largest publicly traded corporate Bitcoin holders. The company ranks behind Strategy and Twenty One Capital based on the holdings provided. Strategy holds 840,447 BTC, while Twenty One Capital holds 43,514 BTC.
Metaplanet’s 43,000 BTC leaves it 514 BTC behind Twenty One Capital. Bitcoin traded around $63,616 on August 13 based on the information provided. At that price, Metaplanet’s holdings stood below its reported average purchase price.
Lookonchain calculated an unrealized loss of about $1.4 billion for Metaplanet. However, those losses remain unrealized because the company has not reported selling the transferred Bitcoin.
Metaplanet has also set a target of 100,000 BTC by the end of 2026. The company has further stated a 210,000 BTC target for the end of 2027. Its most recent reported purchase occurred in July.
That transaction added 2,823 BTC and brought total holdings to 43,000 BTC. Meanwhile, Metaplanet established a 4 billion yen Bitcoin venture program in March. The program targets investments in Bitcoin and cryptocurrency infrastructure in Japan.
The company also issued its first private-placement corporate bonds under its new BitBonds program. Metaplanet said the transaction combined its Bitcoin treasury balance sheet with its Type I financial instruments business.
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