Metaplanet transferred 5,014 BTC—worth approximately $322 million—between its custodial wallets on August 13, prompting CEO Simon Gerovich to publicly confirm that no Bitcoin was sold and that the transactions were routine custody operations.

The company's total Bitcoin holdings remain unchanged at 43,000 BTC, while the combined network fees for the transfers amounted to roughly $8.

Gerovich Addresses Wallet Activity

Gerovich addressed the wallet activity after blockchain monitoring services flagged large Bitcoin movements linked to Metaplanet. Such large transfers routinely attract attention because on-chain movements from major holders can signal potential selling pressure or exchange deposits, even when no sale is intended. Lookonchain initially reported 3,881 BTC leaving wallets associated with the company, though Gerovich later clarified that the total transferred amount reached 5,014 BTC.

Gerovich noted that Metaplanet publishes all of its wallet addresses, making the transactions visible in real time—a level of on-chain transparency that allows independent verification of corporate treasury holdings. He confirmed that the Bitcoin remained within Metaplanet's custodial infrastructure throughout the process and that the company did not reduce its disclosed holdings.

Moving the $322 million Bitcoin position across the network cost approximately $8 in transaction fees. The transfers involved movement between custodial addresses rather than any reported exchange transaction. Gerovich's statement on X addressed the matter directly.

Metaplanet Among Largest Corporate Bitcoin Holders

Metaplanet ranks among the largest publicly traded corporate Bitcoin holders, a category that has grown as more companies adopt Bitcoin as a treasury reserve asset. Based on disclosed holdings, the company sits behind Strategy, which holds 840,447 BTC, and Twenty One Capital, which holds 43,514 BTC. Metaplanet's 43,000 BTC position places it 514 BTC behind Twenty One Capital.

Bitcoin traded around $63,616 on August 13, according to the information provided. At that price, Metaplanet's holdings stood below the company's reported average purchase price. Lookonchain calculated an unrealized loss of approximately $1.4 billion for Metaplanet. However, those losses remain unrealized, as the company has not reported selling any of the transferred Bitcoin.

Expansion of Bitcoin Financing Plans

Metaplanet has set a target of reaching 100,000 BTC by the end of 2026 and 210,000 BTC by the end of 2027, goals that would more than quadruple its current position if achieved. The company's most recently reported purchase occurred in July, when it added 2,823 BTC to bring its total holdings to 43,000 BTC.

In March, Metaplanet established a 4 billion yen Bitcoin venture program targeting investments in Bitcoin and cryptocurrency infrastructure within Japan. The company has also issued its first private-placement corporate bonds under its new BitBonds program. Metaplanet stated that the transaction combined its Bitcoin treasury balance sheet with its Type I financial instruments business.