Metaplanet Drops Another $108M in BTC onto Coinbase Prime

Metaplanet has continued its significant Bitcoin deposits into Coinbase Prime. The company added another 1,350 BTC to the platform, bringing its total accumulated holdings to 43,000 BTC at an average price of $96,191.

This latest deposit adds a substantial amount to Metaplanet's existing stash on Coinbase Prime, which now totals over $108 million worth of Bitcoin.

The move has implications for Bitcoin price prediction models and potential crypto market crash scenarios. With the current BTC price holding at $79,217.67 on the 4h chart within its Bollinger band, analysts will be keeping a close eye on how this development affects the market's trajectory.