Metaplanet CEO denies Bitcoin sale after 1,000 BTC Coinbase Prime deposit

Metaplanet transferred 1,000 Bitcoin worth about $79.77 million to Coinbase Prime on Aug. 25, tracked by Lookonchain, without Metaplanet or Coinbase identifying the move as a sale. CEO Simon Gerovich denied any Bitcoin sale and said he remains bullish, while disclosed holdings stayed at 43,000 BTC valued near $3.4 billion. Lookonchain cited an average acquisition cost of about $96,191, or roughly $4.14 billion in total cost, implying an unrealized loss of more than $700 million near a $79,770 spot price. The firm has used equity and convertible-debt issuance to build a long-term treasury reserve and earlier said a 5,014 BTC custodial move on Aug. 12 involved no sales. Separately, Metaplanet agreed to contribute 2,100 BTC and $2.5 million to form U.S. platform Superplanet with Nasdaq-listed Super League Enterprise, targeting a fourth-quarter 2026 close, with no official link to the 1,000 BTC transfer.

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