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Metaplanet Transfers 1,000 BTC to Coinbase Prime Amid Ongoing Transfer Scrutiny

Guavy AI Editorial Team
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Metaplanet Inc., the Japanese gaming company, has transferred 1,000 BTC to Coinbase Prime, its enterprise-level platform for institutional clients. The transfer is valued at approximately $79.77 million based on current market rates.

The move doesn't necessarily signal divestment, as Metaplanet uses Coinbase Prime for custody solutions and collateral posting. The company's Bitcoin treasury stands at 43,000 BTC, currently valued around $3.4 billion based on market rates.

This isn't the first time Metaplanet has faced transfer-related scrutiny. Earlier this month, CEO Simon Gerovich explained that the company had relocated 5,014 BTC across custodial wallets without executing any disposals.

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