Metaplanet CEO shuts down Bitcoin sale speculation after $322M transfer

CryptoInfo Editorial Team · Published on August 13, 2026 at 04:15 · Updated on August 13, 2026 · 1 min read

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Key Takeaways

→Metaplanet transferred 5,014 BTC between custodial addresses for about $8 in fees.
→CEO Simon Gerovich denied that any Bitcoin was sold as a result of the transfer.

Disclaimer: This content is provided for informational purposes only and does not constitute financial or investment advice.

Metaplanet CEO Simon Gerovich has addressed speculation surrounding a recent Bitcoin transfer, stating that no Bitcoin was sold. This clarification comes after the company moved 5,014 BTC between custodial addresses, prompting rumors of a potential sale.

The transfer, which occurred for a nominal fee of about $8, was reportedly made for internal reasons. According to CoinTelegraph, Gerovich's statement aimed to alleviate concerns and misinformation surrounding the transaction.

The movement of such a large amount of Bitcoin naturally sparked interest and speculation within the cryptocurrency community. However, with Gerovich's statement, it appears the transfer was a routine internal movement rather than a sale.

Source: CoinTelegraph ↗

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