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Metaplanet Adds $62M to Coinbase Prime, Bolstering Institutional Bitcoin Presence

Guavy AI Editorial Team
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BTC
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Metaplanet, Tokyo-listed investment firm and Asia's answer to MicroStrategy, has deposited an additional 800 BTC worth approximately $62.19 million into Coinbase Prime.

This transfer brings Metaplanet's total deposits to the institutional platform since late August to over 2,500 BTC.

Coinbase Prime is a prime brokerage platform designed for institutional investors, offering trading, custody, and financing services.

Metaplanet's strategy mirrors that of MicroStrategy, using debt or equity offerings to purchase Bitcoin as a treasury reserve asset.

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