Metaplanet Transfers $79.77 Million in Bitcoin to Coinbase Prime
Metaplanet, a Japanese corporate bitcoin holder, has transferred 1,000 Bitcoin to Coinbase Prime. The transfer is worth approximately $79.77 million and occurred on August 25.
The move can signal a sale but may also reflect custody, collateral arrangements or internal transfers. Metaplanet reports holding 43,000 BTC, valued at nearly $3.4 billion, with an average acquisition cost of about $96,191 per coin.
Metaplanet has been using equity and convertible-debt issuance to aggressively accumulate Bitcoin this year. The company plans to contribute 2,100 BTC and $2.5 million to Nasdaq-listed Super League Enterprise's proposed deal with Superplanet.
The transfer highlights institutional adoption, CEX custody flows and corporate treasury accumulation rather than a confirmed disposal.