Metaplanet Moves $322M in Bitcoin, Accumulating Strategy Continues
Metaplanet has moved $322 million worth of Bitcoin internally, transferring 5,014 BTC between its own wallets. This internal reshuffling did not increase sell-side liquidity or market pressure, indicating a continued accumulation strategy.
The total holdings of Metaplanet remain steady at 43,000 BTC, with no coins sent to exchanges during this transfer. This suggests that corporate holders are keeping their coins off exchanges, contributing to low sell-side pressure on Bitcoin's price.