Metaplanet Transfers $108M in BTC to Coinbase Prime Amid BTC's Surge Towards $80K

Metaplanet has moved another significant amount of Bitcoin to Coinbase Prime. According to data from Lookonchain, the company transferred 1,350 BTC ($108 million) to the institutional platform. This move follows several recent deposits into Coinbase Prime and brings Metaplanet's total held in the exchange to an estimated $108 million.

The transfer has attracted attention due to its size, but it appears that no sale was made. The company still holds 43,000 BTC, which it acquired at an average price of $96,191 per coin. This represents a reported current value near $3.48 billion for Metaplanet's Bitcoin treasury.

The move comes as Bitcoin approaches the $80,000 level. According to CoinGecko data, the cryptocurrency has gained 2.20% over the past seven days and is currently trading at $79,716.63.