Key facts
- Metaplanet transferred 10,270 BTC to Coinbase Prime this week.
- The total value of Metaplanet's transfers this week is approximately $806.3 million.
- These transfers represent over 29% of Metaplanet's reported Bitcoin holdings.
- Metaplanet holds 35,102 BTC worth $2.75 billion.
- Metaplanet's stock price dropped nearly 10% amid market uncertainty.
- Crypto market maker Wintermute transferred 5.10K BTC to Binance.
Metaplanet, the fourth-largest corporate Bitcoin treasury, has transferred a significant portion of its holdings, moving 10,270 BTC worth approximately $806.3 million to Coinbase Prime this week. These transfers, which represent over 29% of its reported holdings, follow a series of deposits including 4,800 BTC today, 2,000 BTC two days ago, 3,331 BTC three days ago, and 139 BTC six days ago. The company currently holds 35,102 BTC valued at $2.75 billion. This activity has triggered speculation about potential sales, especially as the broader industry sees smaller treasury companies selling their holdings. In contrast, French Bitcoin treasury company Capital B announced it raised €21.0 million ($24.5 million) to acquire 270 BTC. Meanwhile, crypto market maker Wintermute transferred 5.10K BTC, valued at nearly $399 million, to Binance over the past two days and reportedly holds short positions on other crypto assets. Metaplanet's stock experienced a nearly 10% drop amid market uncertainty.