Metaplanet Moves $250M in Bitcoin as Paper Loss Swells to $1.4B
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Metaplanet, the world’s third-largest public Bitcoin holder, moved 3,881 BTC (about $250 million) hours ago, according to Arkham and Lookonchain. The sizable on-chain transfer raises questions about timing and potential market impact on Bitcoin price and crypto adoption but does not clearly indicate a sale versus a custody or strategy change.
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The world’s third-largest public holder of Bitcoin made a substantial transfer hours ago, which raised some questions given the peculiar timing.
Metaplanet, which adopted its BTC strategy a few years ago and was described as Japan’s Strategy, has moved 3,881 units (worth around $250 million), according to data from Arkham and Lookonchain.
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