Metaplanet Denies Bitcoin Sale

Cryptocurrency treasury steadfast Metaplanet has denied selling $320 cardinal U.S. worthy of its Bitcoin (CRYPTO: $BTC) holdings. 

Metaplanet CEO Simon Gerovich has disregard reports of a monolithic Bitcoin sale, clarifying that a caller BTC transportation was a regular custody transportation and not a liquidation of the cryptocurrency.

"We transferred 5,014 BTC betwixt Metaplanet custodial addresses implicit the past 24 hours. This was a regular custody operation. No Bitcoin was sold…" said Gerovich.

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Tokyo-based Metaplanet continues to ain 43,000 Bitcoin worthy $2.73 cardinal U.S. based connected the existent marketplace price. 

Data tracking firms had flagged the question of $320 cardinal U.S. of Bitcoin from wallets linked to Metaplanet, raising speculation that the institution was preparing to merchantability those integer coins.

Interest successful the selling of Bitcoin by crypto treasury firms has risen arsenic Strategy (NASDAQ: $MSTR) has sold immoderate of its BTC holdings successful caller weeks.  

Strategy has been selling Bitcoin to money dividend payments connected its preferred banal (NASDAQ: $STRC) and replenish its U.S. dollar reserves.

Metaplanet's banal has declined 78% implicit the past 12 months connected the Tokyo Stock Exchange.