Metaplanet CEO Simon Gerovich stated on August 13 that the company did not sell any Bitcoin after large blockchain transfers drew attention from onchain observers.

The Tokyo-based firm moved 5,014 BTC — worth approximately $322 million at the time — between its own custodial addresses over a 24-hour period. Gerovich characterized the transfers as a routine custody operation and confirmed that Metaplanet's holdings remain at 43,000 BTC.

We transferred 5,014 BTC between Metaplanet custodial addresses over the past 24 hours. This was a routine custody operation. No bitcoin was sold, and our holdings remain 43,000 BTC. All of our addresses are published, which is why the transfers were observable in real time.

— Simon Gerovich (@gerovich), August 12, 2026

Gerovich noted that the total network fee for moving that volume of Bitcoin was approximately $8.

Onchain trackers flag the activity

Before Gerovich addressed the transfers publicly, onchain analytics accounts detected the wallet movements. Lookonchain reported that 3,881 BTC — valued at roughly $247 million — had left wallets associated with Metaplanet. The report did not claim the coins had been sold, only that they had departed known company wallets.

Metaplanet publishes its wallet addresses publicly, allowing outside observers to monitor holdings in real time, which contributed to the swift attention the transfers received. This level of transparency is uncommon among public companies that hold Bitcoin as a treasury asset; most do not disclose wallet addresses, meaning their holdings can typically only be verified through periodic regulatory filings rather than direct onchain observation.

Large internal transfers have occurred previously without any sale. In March, Metaplanet moved approximately 4,986 BTC, then worth around $368 million, after a period of wallet inactivity. Those coins were relocated to new wallets with no evidence of a sale.

Filing records and treasury position

As of August 13, Metaplanet's official filings contained no sale notice. The most recent listed filing was dated August 10 and pertained to a shareholder meeting record date. The company's last Bitcoin purchase filing, dated July 2, disclosed the addition of 2,823 BTC during the second quarter, bringing Metaplanet's average acquisition price to approximately 15.3 million yen per Bitcoin.

The company's official tracker still listed 43,000 BTC following the latest transfers.

Bitcoin traded near $63,600 at the time of the report, below Metaplanet's average purchase cost. Lookonchain estimated the company was carrying approximately $1.4 billion in unrealized losses, based on an average buy price near $96,191. That figure represents a paper loss, not a realized cash loss, as no coins have been sold.

Metaplanet remains the third-largest public company holder of Bitcoin. Strategy holds 840,447 BTC, and Twenty One Capital holds 43,514 BTC, placing Metaplanet just 514 BTC behind the third position. The company has emerged as one of the most aggressive public-market Bitcoin accumulators in Asia, a region where publicly listed corporations adopting Bitcoin treasury strategies remain comparatively rare.

Market reaction and broader strategy

The market response to Gerovich's statement was measured. Metaplanet shares traded around 223 yen, up approximately 0.9 percent for the session, according to delayed FactSet data. The stock also trades in the United States through the OTCQX market. Bitcoin itself moved little, trading near $63,616.

Metaplanet has established long-term Bitcoin accumulation targets of 100,000 BTC by the end of 2026 and 210,000 BTC by the end of 2027. Beyond direct accumulation, the company launched a 4 billion yen Bitcoin venture fund in March focused on financial infrastructure projects in Japan. Metaplanet has also explored Bitcoin-backed lending products and expanded into securities businesses.

The confirmed explanation for the transfers remains the one Gerovich provided: 5,014 BTC moved between custodial addresses, and Metaplanet continues to report holdings of 43,000 BTC.