Key facts
- Metaplanet transferred 1,350 BTC, valued at approximately $108 million, to Coinbase Prime.
- This is not the first time Metaplanet has moved significant BTC amounts to Coinbase Prime this month.
- The firm has purchased 43,000 BTC at an average price of $96,191.
- Metaplanet currently holds 38.65K BTC, valued at around $3.07 billion.
- Another Bitcoin treasury, Strategy, has paused its BTC buying strategy.
Metaplanet, a prominent Bitcoin treasury firm, has again drawn investor attention by moving 1,350 BTC, valued at approximately $108 million, to Coinbase Prime. This significant transfer, occurring as Bitcoin price targets the $80,000 resistance, has ignited fears of a potential selloff.
This is not an isolated incident, as Metaplanet has executed similar large transfers to Coinbase Prime multiple times this month, fueling further speculation. The move also coincides with Strategy, another leading Bitcoin treasury, halting its Bitcoin acquisition strategy and prioritizing its USD cash reserves.
On-chain data from Lookonchain revealed the recent 1,350 BTC transfer. Earlier in the week, Metaplanet had also moved 1,000 BTC, worth $79.77 million, to the same institutional platform. These consecutive transfers have intensified market participant discussions, particularly as Bitcoin price attempts to overcome a key resistance level.
While moving assets to an exchange-linked custody service does not guarantee a sale, it frequently prompts speculation among traders. Metaplanet's overall Bitcoin holdings are substantial; the firm has acquired 43,000 BTC at an average price of $96,191. Current data indicates holdings of 38.65K BTC, valued at around $3.07 billion, and the company reported a $20 million profit in the first half of 2026.
The market is closely monitoring Metaplanet's actions and Bitcoin's price trajectory. A continued surge in Bitcoin's price could potentially enhance the appeal of such treasury firms among traders.