Metaplanet CEO Simon Gerovich denied any Bitcoin sale after the company transferred 5,014 BTC, worth approximately $322 million, between custodial addresses for just $8 in network fees. The firm, the third-largest publicly traded Bitcoin treasury company globally and the largest in Asia, maintains a portfolio of 43,000 BTC. Metaplanet is sitting on an unrealized loss of approximately $1.4 billion. The company is targeting 100,000 BTC by the end of 2026 and 210,000 BTC by the end of 2027. In March, it launched Metaplanet Ventures, pledging 4 billion yen over two to three years to invest in Bitcoin and crypto infrastructure in Japan.
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