Summary
- Metaplanet’s CEO Simon Gerovich stated the company did not sell Bitcoin.
- A transfer of 5,014 BTC was characterized as a standard custody operation.
- This statement coincided with the launch of BitBonds, a fixed-rate debt initiative aimed at financing future Bitcoin acquisitions.
Simon Gerovich, the CEO of Metaplanet, has dismissed rumors suggesting that the company sold Bitcoin following a notable transfer of 5,014 BTC, approximately valued at $320 million, between its wallets.
“We transferred 5,014 BTC between Metaplanet custodial addresses over the past 24 hours,” Gerovich explained on X. “This was a routine custody operation. No bitcoin was sold, and our holdings remain 43,000 BTC.”
Myriad: What's next for Bitcoin? Make your prediction.He noted that the transfers were observable because Metaplanet publicly shares its Bitcoin addresses, allowing for real-time tracking of transactions.
Speculation about Metaplanet possibly liquidating part of its Bitcoin assets has been fueled by recent sales by Strategy, which sold 6,948 BTC for about $432.5 million this year.
This clarification came as Metaplanet introduced BitBonds, a fixed-rate debt program that offers an additional method for raising funds. The company has been actively increasing its Bitcoin treasury, acquiring 5,075 BTC in the first quarter of 2026 and another 1,005 BTC in June, which brings its total holdings to 43,000 BTC, valued at roughly $3 billion.
Metaplanet indicated that the funds raised through this program could be utilized for future Bitcoin purchases and various corporate needs. By opting for debt, the firm can secure capital without the immediate necessity of issuing new shares or offloading 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 implement the necessary arrangements for public bond offerings made under a securities registration statement or similar filing,” Metaplanet stated.
This initiative broadens Metaplanet’s approach to capital markets as it strives to establish one of the largest Bitcoin treasuries among public companies outside the U.S.
While BitBonds provides Metaplanet with another avenue for financing Bitcoin acquisitions, it also introduces additional financial obligations. Should Bitcoin prices decline, the company will still be required to meet its debt repayment commitments.