Metaplanet moved 5,014 BTC between custody addresses in 24 hours and says it did not sell any Bitcoin, keeping a treasury of 43,000 BTC whose average acquisition cost is $95,982 versus a spot price near $63,500, implying an unrealized loss of over 30%. The company’s stock is down over 43% YTD at about ¥221, it raised $50M via bonds and roughly $137M from overseas equity and warrants this year, holds roughly $280M cash against about $403M liabilities, and while it added 2,833 BTC in July the funding and balance-sheet strain weighs on its crypto treasury and market outlook.

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5,014 BTC was transferred between Metaplanet’s custody wallets, while CEO Simon Gerovich stated that the company had not sold any Bitcoin.
This transaction occurred amid major unrealized losses, weak stock prices, and altered treasury funding dynamics.

Metaplanet transferred 5,014 BTC from one custody address to another within 24 hours, according to the company’s CEO Simon Gerovich. Gerovich assured that Metaplanet has not sold any of its Bitcoin in the process. “It was just a regular custody transfer rather than liquidation,” he added. Metaplanet incurred $8 for the transfer costs while holding 43,000 BTC of its inventory.

We transferred 5,014 BTC between Metaplanet custodial addresses over the past 24 hours. This was a routine custody operation. No bitcoin was sold, and our holdings remain 43,000 BTC.

All of our addresses are published, which is why the transfers were observable in real time.…
— Simon Gerovich (@gerovich) August 12, 2026

Publicly available Bitcoin addresses are maintained by Metaplanet for market surveillance purposes. Reports revealed transfers from the company’s wallet addresses, including 3,881 BTC mentioned on Lookonchain. Another transfer of 4,176 BTC was also reported through blockchain data. No sale of Bitcoin was confirmed in both transfers.

Treasury Holding Still Same

According to Metaplanet, the average acquisition cost of its 43,000 BTC is $95,982. The price of Bitcoin at the time of transfer was about $63,500, which means there was an unrealized loss of more than 30%. This is due to the fact that Metaplanet has not realized the loss by selling out its Bitcoin holdings. Several other companies with Bitcoin holdings in their treasuries have sold some of their Bitcoin holdings recently.

In the first half of 2026, MARA Digital Holdings sold 23,093 BTC after holding its holdings until then. Similarly, Strategy has sold Bitcoin for below its average acquisition cost while building up its cash reserves. Hut 8 has transferred 493 BTC from its wallets, but the reason behind this move is unknown.

The Stocks and Funding of the Firm are Still Struggling

Shares of Metaplanet have been declining by more than 43% since January and currently trade at a price of about ¥221. Even with the fall, the firm managed to increase its holdings of 2,833 BTC in July. They secured $50 million from their 20th ordinary bond issue in April and around $137 million from overseas equity and warrant funding this year. The firm has not made any other form of funding after these two deals. The firm reportedly holds about $280 million in cash versus liabilities of about $403 million. The firm’s CEO, Simon Gerovich, talked about financial services for Japanese retail clients.

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