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Metaplanet Transfers $237M Bitcoin to Coinbase Prime Amid Sale Concerns

Coinbase logoCoinbase
Sig1.65Sen+0.95Env0.00Soc0.00Gov0.00
Metaplanet Inc. logoMetaplanet Inc.
Sig2.81Sen-1.83Env0.00Soc0.00Gov-1.20

Metaplanet transferred about $237 million in Bitcoin to Coinbase Prime, prompting questions about whether it plans to sell part of its holdings. The move occurred as Bitcoin traded around $77,800 to $79,800. Metaplanet has not reported any drop in its roughly 43,000 BTC holdings, leaving open whether the transfer reflects custody management rather than a sale.

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