CoinTelegraph

Metaplanet CEO Shatters Bitcoin Sale Rumors After $322M Transfer

August 13, 202601:15 AM
Metaplanet CEO Shatters Bitcoin Sale Rumors After $322M Transfer

Metaplanet CEO Simon Gerovich has decisively shut down speculation that the Japanese Bitcoin treasury company was offloading its holdings, confirming that a massive transfer of 5,014 BTC (valued at $322 million) between custodial addresses was merely a routine custody operation costing only $8 in network fees. The company's Bitcoin holdings remain unchanged at 43,000 BTC.

The clarification provides market stability regarding Metaplanet's Bitcoin strategy, as the company maintains one of the largest corporate crypto treasuries. The substantial movement of Bitcoin without impacting market prices or the company's holdings underscores the efficiency and maturation of cryptocurrency custody infrastructure. Investors are closely watching Metaplanet's position in the evolving corporate Bitcoin landscape.

The company transferred 5,014 BTC ($322 million) over a 24-hour span starting Wednesday. Gerovich clarified that the network fees to move the trove cost Metaplanet about $8. The substantial movement without impacting market prices or the company's holdings demonstrates the efficiency of cryptocurrency custody infrastructure and reinforces Metaplanet's confidence in Bitcoin as a store of value.

This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.

Read Full Article at CoinTelegraph
QR Code Lightning

Support Jornal Bitcoin

Independent journalism, curated by AI, no clickbait. Keep the flame alive with any amount of BTC.

Wallet of Satoshi
jonata@walletofsatoshi.com

Daily Crypto Brief 📬

Subscribe to receive the curation of the most important Bitcoin and crypto news, summarized by AI. No spam.

Join more than 10,000 smart readers.

Related News

CryptoPotato

Bitcoin Surges Past $71,000: 5 Key Factors Driving the Rally

Bitcoin has shattered the $71,000 barrier, propelling the entire cryptocurrency market in an impressive surge. The leading cryptocurrency has reached new all-time highs, capturing the attention of institutional and retail investors globally as analysts scramble to identify the catalysts behind this exponential move. This milestone represents a critical moment for the digital ecosystem, demonstrating the growing maturity of the cryptocurrency market.

Several factors have contributed to this significant appreciation, including renewed demand from investment funds, regulatory optimism in key jurisdictions, and the supply-demand dynamics on the Bitcoin network. This rally not only strengthens Bitcoin's narrative as a digital store of value but could also catalyze mass adoption, with experts predicting that the upward trend may persist as more institutions enter the crypto space and traditional financial infrastructure continues to adapt to digital assets.
CryptoPotato

Crypto Markets Add Over $200B Daily as Bitcoin (BTC) Surges Past $70K

Crypto markets have added over $200 billion in daily value as Bitcoin (BTC) surges past the crucial $70K mark, signaling strong market momentum and growing investor confidence. This impressive rally demonstrates the resilience of the cryptocurrency sector, with Bitcoin leading the charge and establishing new all-time highs amid positive market sentiment. Beyond Bitcoin, other major cryptocurrencies have also shown notable performance, with Ethereum (ETH) and HYPE emerging as the top gainers among larger market cap coins. Meanwhile, XRP has successfully defended the $1.00 support level, indicating stability despite market volatility.
Trump May Order Intensive Attacks on Iran If Economic Pressure Fails
Crypto Briefing

Trump May Order Intensive Attacks on Iran If Economic Pressure Fails

In a move that could send shockwaves through global markets, former President Donald Trump is considering intensive military attacks on Iran if economic sanctions fail to curb the nation's nuclear program. The potential for direct military intervention represents a significant risk to geopolitical stability and pricing of commodities, including oil and cryptocurrencies.

Analysts warn that any military action against Iran could trigger a disproportionate response, potentially closing the Strait of Hormuz and disrupting global oil supplies. This scenario, combined with political uncertainty, would likely drive demand for safe-haven assets like Bitcoin and gold, while traditional markets face unprecedented volatility. The geopolitical situation in the Middle East remains a closely watched factor by cryptocurrency and digital asset investors.
Russia launches massive attack on Kyiv, killing at least 12
Crypto Briefing

Russia launches massive attack on Kyiv, killing at least 12

Russia has launched a massive attack on Kyiv, killing at least 12 people in a concerning escalation of the conflict. The offensive marks a significant turning point in the war, with potential implications for cryptocurrency markets and global geopolitics. This attack could lead to increased military support for Ukraine and heightened market volatility as investors fear further conflict escalation. Analysts suggest events like this could drive demand for safe-haven assets like Bitcoin, while traditional markets face growing uncertainties.
Metaplanet Puts 2,100 BTC Into Nasdaq Bitcoin Treasury Platform With $134.6M Deal
Bitcoin.com★ Featured

Metaplanet Puts 2,100 BTC Into Nasdaq Bitcoin Treasury Platform With $134.6M Deal

Japanese firm Metaplanet has announced a strategic investment of 2,100 bitcoins and $2.5 million into Nasdaq-listed Super League, creating Superplanet—a U.S.-based bitcoin treasury platform. This $134.6 million deal solidifies Metaplanet's Bitcoin strategy while marking a significant expansion into the American market. The transaction grants Metaplanet full control over the new venture, establishing an unprecedented bridge between Tokyo and New York capital markets. This initiative represents a landmark moment for institutional Bitcoin adoption in both Japan and the U.S., positioning Metaplanet as a pioneer in integrating digital assets into traditional financial structures.
Bitcoin Shows 8 Capitulation Signals as Traders Spend $552M on Crash Protection
CryptoSlate★ Featured

Bitcoin Shows 8 Capitulation Signals as Traders Spend $552M on Crash Protection

Bitcoin is displaying some of the strongest capitulation signals of the current downturn, with eight out of twelve indicators tracked by VanEck currently flashing capitulation warnings. This data suggests the selloff may be entering a later stage, even as the market offers little evidence of an imminent rebound, leaving investors in a state of cautious uncertainty.

Despite these capitulation signals, which historically can precede the end of a downtrend, traders have shown significant concern with protecting their positions, spending an impressive $552 million on crash protection options. This behavior reflects the persistent uncertainty in the cryptocurrency market, where investors are balancing the possibility of a bottom with the need to hedge against additional risks, creating a complex and volatile trading environment.
Jornal Bitcoin Logo