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Metaplanet Moves 1,000 BTC to Coinbase Prime

Guavy AI Editorial Team
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BTC
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Metaplanet, a Bitcoin miner, has moved 1,000 BTC to Coinbase Prime, sparking questions about its intentions. The transfer is valued at approximately $79.77 million and was made on August 25.

Coinbase Prime offers institutional custody, financing, and trading services, which means the transfer does not confirm a sale. Metaplanet holds 43,000 BTC valued at around $3.4 billion at current prices.

This is not the first time Metaplanet has faced attention for its Bitcoin movements. In August 12, CEO Simon Gerovich clarified that Metaplanet had moved 5,014 BTC between custodial addresses without selling any coins.

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