Metaplanet Refutes Bitcoin Sale Claims Amid BitBonds Launch

Overview

• Metaplanet CEO Simon Gerovich refutes claims of Bitcoin sales.
• A 5,014 BTC transfer was clarified as a routine custody move.
• The launch of BitBonds aims to support future Bitcoin purchases through fixed-rate debt financing.

Metaplanet's CEO, Simon Gerovich, has addressed speculation about the company selling Bitcoin, clarifying that a recent transfer of 5,014 BTC, valued at around $320 million, was merely a standard internal custody operation. In a post on X, Gerovich emphasized, "No bitcoin was sold, and our holdings remain 43,000 BTC." This transfer is transparent due to the company's practice of publicly sharing its Bitcoin wallet addresses.

Rumors of potential liquidation of Bitcoin by Metaplanet arose following the recent sale of 6,948 BTC by Strategy, which generated approximately $432.5 million this year. However, Gerovich's assertion underscores the company's commitment to maintaining its Bitcoin assets.

This clarification coincided with the launch of BitBonds, Metaplanet's new fixed-rate debt initiative designed to raise additional funds for Bitcoin acquisitions and corporate expenditures. The company had already increased its Bitcoin treasury, acquiring 5,075 BTC in the first quarter of 2026 and 1,005 BTC in June, totaling 43,000 BTC with a market value nearing $3 billion.

Metaplanet plans to use resources from the BitBonds initiative to facilitate future Bitcoin purchases without the need for immediate share issuances or selling off existing Bitcoin holdings. In their statement, the company noted an intention to continue issuing bonds under this program, adjusting to market conditions and possibly expanding into public bond offerings.

The BitBonds program enhances Metaplanet's funding strategies as it aims to develop one of the largest Bitcoin treasuries among publicly traded companies outside the U.S. However, it also introduces new financial responsibilities, where a decline in Bitcoin prices could impact the company's ability to meet its debt obligations.