Metaplanet CEO shuts down Bitcoin sale speculation after $322M transfer
60-second summary
Metaplanet CEO Simon Gerovich clarifies that no Bitcoin was sold despite a $322M transfer, attributing it to a custodial address reorganization costing only $8 in fees for 5,014 BTC. This move likely aims to alleviate market concerns about potential Bitcoin sales, thereby maintaining investor confidence and stability in the cryptocurrency market.
Metaplanet CEO Simon Gerovich said no Bitcoin was sold after the company moved 5,014 BTC between custodial addresses for about $8 in fees.