Metaplanet Moves 4,800 Bitcoin Worth $377 Million to Coinbase Prime

Metaplanet, a Tokyo-listed Bitcoin treasury company, made a significant transfer of its holdings to Coinbase Prime in August 2026. Over several days, it moved about 4,800 BTC valued at $377 million. This move represents around 7-10% of Metaplanet's total 43,000 BTC holdings.

The transfer caused brief market concern, but CEO Simon Gerovich clarified that it was a custodial adjustment rather than a sale. Metaplanet holds its Bitcoin at an average cost of $96,191 per coin and is currently facing unrealized losses due to the lower current price of around $79,000-$80,000.

The company continues to expand its Bitcoin holdings and US presence, indicating its long-term commitment to its crypto strategy.