Metaplanet Mysteriously Transfers $108M in Bitcoin to Coinbase Prime

Metaplanet, an unspecified company, transferred 1,350 BTC worth about $108 million to Coinbase Prime on August 28. The transaction occurred while Bitcoin struggled to hold above $80,000. However, no official statement or blockchain evidence confirmed a sale of the coins.

Coinbase Prime is a platform that supports institutional trading, custody, financing, and collateral services. Metaplanet's wallets were identified as the sending addresses for the transaction. The company had not announced any reduction in its official holdings at the time of reporting.

A confirmed disposal would require a company disclosure or further transaction data. In fact, Metaplanet made two similar transfers to Coinbase Prime on August 25 and August 28, totaling 2,350 BTC worth approximately $188 million.