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Crypto

Metaplanet Mysteriously Moves $80M Worth of Bitcoin to Coinbase

Guavy AI Editorial Team
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Metaplanet, a company involved in various cryptocurrency ventures, has moved 1,000 Bitcoin worth approximately $79.77 million to Coinbase Prime wallets on August 25.

The transfer's purpose is not confirmed as a sale since Coinbase Prime offers custody services, allowing companies like Metaplanet to securely hold and manage their assets.

Metaplanet currently holds around 43,000 BTC worth roughly $3.4 billion at current prices, indicating that the recent move might be for custody management or internal transfers rather than a sale.

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