Metaplanet Denies Selling $320M in Bitcoin as Firm Launches BitBonds

Metaplanet CEO Simon Gerovich denied claims that the institution sold Bitcoin aft a 5,014 BTC transfer, valued astatine astir $320 million, betwixt institution wallets drew attraction online.

"We transferred 5,014 BTC betwixt Metaplanet custodial addresses implicit the past 24 hours," Gerovich wrote connected X. "This was a regular custody operation. No bitcoin was sold, and our holdings stay 43,000 BTC."

Gerovich said the transfers were disposable due to the fact that Metaplanet publishes its Bitcoin addresses, allowing the movements to beryllium tracked successful existent time.

Recent Bitcoin income by Strategy person added substance to speculation that Metaplanet could beryllium looking to offload immoderate of its holdings, aft the U.S. Bitcoin treasury steadfast sold 6,948 BTC for astir $432.5 cardinal this year.

The denial besides came arsenic the Tokyo-listed steadfast launched BitBonds, a fixed-rate indebtedness programme that gives it different mode to rise capital. Metaplanet has continued to adhd to its Bitcoin treasury, buying 5,075 BTC successful the archetypal 4th of 2026 and different 1,005 BTC successful June, bringing its holdings to 43,000 BTC, worthy astir $3 billion.

Metaplanet said the programme could beryllium utilized for aboriginal Bitcoin purchases and different firm purposes. Debt allows the institution to rise currency without instantly issuing much shares oregon selling Bitcoin.

"The Company intends to proceed issuing bonds nether the Program successful airy of marketplace conditions and different factors and, implicit the mean to agelong term, arsenic the standard of issuance expands, to enactment successful spot the arrangements indispensable to alteration nationalist enslaved offerings made nether a securities registration connection oregon akin filing," Metaplanet said successful a statement.

The programme expands Metaplanet's capital-markets strategy arsenic it continues to physique 1 of the largest public-company Bitcoin treasuries extracurricular the U.S.

While BitBonds gives Metaplanet different mode to rise wealth for Bitcoin purchases, it besides adds much obligations. If Bitcoin falls, the institution inactive has to marque payments connected its debt.