Crypto
Corporate Hauls Shift Bitcoin into Long-Term Storage Amid Summer Slump
Metaplanet and Hut8, two major corporate holders of Bitcoin, collectively withdrew $125 million worth of BTC from exchanges within three hours on August 12, 2026. Metaplanet moved 1,473 BTC, increasing its treasury to over 43,000 BTC, while Hut8 removed 493 BTC, leaving it with around 13,696 BTC total. This sudden movement likely indicates a shift to long-term cold storage, as both companies have expressed confidence in Bitcoin's future value.
The withdrawal comes during a summer slump in Bitcoin prices, which are currently trading near $64,000. Such moves often suggest bullish sentiment from major corporate holders, who may be betting on the cryptocurrency's long-term prospects.