Metaplanet Moves Another $108M in Bitcoin to Coinbase Prime

Metaplanet has moved another large block of Bitcoin to Coinbase Prime. The Tokyo-listed company transferred 1,350 BTC worth approximately $108 million on August 28, three days after sending a similar amount of 1,000 BTC to the same platform. This brings the total value of Bitcoin moved to Coinbase Prime by Metaplanet in four days to nearly $188 million.

The transaction has sparked speculation about whether Metaplanet could be planning to sell part of its Bitcoin position, but a Coinbase Prime deposit can also support trading, custody, or collateral activity. Metaplanet's reported treasury remains at 43,000 BTC, which it acquired at an average cost of around $96,191 per coin.