Metaplanet CEO denies Bitcoin sale after transfer
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- Metaplanet CEO Simon Gerovich said the company did not sell Bitcoin after a large wallet transfer.
- The transfer sparked market speculation about a possible Bitcoin sale.
- The company said the transaction was not a disposal of its Bitcoin holdings.
Metaplanet CEO Simon Gerovich said the company did not sell Bitcoin after a large wallet transfer sparked market speculation.
The transfer involved about US$250 million worth of Bitcoin (CRYPTO:BTC), according to blockchain tracking data.
Gerovich said the transaction was not a sale of the company’s Bitcoin holdings.
The clarification came after blockchain analysts identified the large transfer between wallets.
The company’s response was aimed at addressing speculation that Metaplanet had reduced its Bitcoin treasury position.
Metaplanet has built a large corporate Bitcoin treasury through a series of Bitcoin purchases.
The statement highlighted continued market attention on large Bitcoin transfers and corporate treasury management.
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