World · Institutional · Japan ·
Metaplanet moves 4,800 BTC worth $377M to Coinbase custody
Japanese Bitcoin treasury company Metaplanet transferred 4,800 BTC worth approximately $377 million to Coinbase Prime, part of a larger 10,270 BTC transfer to the exchange this week representing more than 29% of its reported holdings. The move shifts significant holdings off the company's balance sheet.
Why it matters for the crypto market
Large corporate Bitcoin holders moving assets to exchanges can signal liquidity needs or change in custody strategy; these moves affect market sentiment around corporate treasury behavior.
Source: Cointelegraph
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