Metaplanet Moves $237M in Bitcoin to Coinbase Prime, Sparking Sale Concerns

Metaplanet transferred about $237 million worth of Bitcoin to Coinbase Prime, raising questions about whether Japan’s Bitcoin treasury firm plans to sell part of its holdings.

The transfer came as Bitcoin traded between about $77,800 and $79,800. Metaplanet has not reported any reduction in its 43,000 BTC holdings, leaving open the possibility that the transaction involved custody management rather than a sale.

Bitcoin Transfer Draws Market Attention

Metaplanet has built its strategy around aggressive Bitcoin accumulation, following a model similar to Strategy’s corporate treasury approach. Its holdings have an average purchase price of about $96,191 p…

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