Metaplanet CEO Denies Bitcoin Sale Rumors Amid $322 Million Transfer
Metaplanet's CEO Simon Gerovich has dismissed rumors of a $320 million Bitcoin sale, confirming that the company still holds 43,000 BTC. The speculation arose after a transfer of 5,014 BTC between custodial addresses, which was clarified as a routine custody operation with no sales involved.
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Metaplanet burned through 83% of a $500 million credit line to build 43,000 BTC, and now it wants investors to fund the next leg
Metaplanet moved over 5,000 Bitcoin (worth about $322 million) this week, triggering market speculation that the firm might be liquidating a portion of its corporate reserves. On Aug. 12, CEO Simon Gerovich shut down the rumor and explained that the transfer was a routine custody operation, with no Bitcoin sold and total holdings unchanged at […] The post Metaplanet burned through 83% of a $500 million credit line to build 43,000 BTC, and now it wants investors to fund the next leg appeared first on CryptoSlate .
Metaplanet denies selling bitcoin worth $320 million
Metaplanet CEO dismisses bitcoin sale rumors, confirms 43,000 BTC holdings
Metaplanet CEO ends sale speculation after 5,014 BTC move
Metaplanet says no Bitcoin was sold after moving 5,014 BTC worth $322 million between custodial addresses, with holdings unchanged at 43,000 BTC.
Metaplanet CEO shuts down Bitcoin sale speculation after $322M transfer
Metaplanet CEO Simon Gerovich said no Bitcoin was sold after the company moved 5,014 BTC between custodial addresses for about $8 in fees.