Metaplanet Transfers $377 Million in Bitcoin to Coinbase
- Metaplanet moved a total of 4,800 BTC worth approximately $377 million to Coinbase today.
- This transfer follows earlier transactions of 2,000 BTC, 3,331 BTC, and 139 BTC within the last week.
- In total, Metaplanet deposited 10,270 BTC, valued at around $806.3 million, this week.
- If these transfers indicate a sale, it would reduce Metaplanet’s holdings by over 29%.
- Metaplanet currently holds 35,102 BTC, valued at about $2.75 billion.
- In contrast, Capital B raised €21 million ($24.5 million) to acquire 270 BTC.
The recent movements by Metaplanet align with a trend of smaller treasury companies selling their Bitcoin holdings while larger entities like Capital B are acquiring more assets.
With the latest transfer of 4,800 BTC, Metaplanet’s actions could significantly impact its overall position in the market as it holds substantial amounts of Bitcoin.(Source)
