On-chain data from @lookonchain reveals that MetaPlanet, a Japanese listed company that uses Bitcoin as its core treasury asset, moved 1,473 BTC worth roughly $93.82 million about an hour ago. Separately, Hut 8, a North American listed Bitcoin mining firm, transferred 493 BTC valued at around $31.36 million three hours ago. MetaPlanet has recently continued to accumulate Bitcoin, while Hut 8's large outflow may be tied to its treasury management strategy. The same-day large-scale Bitcoin transfers by both institutions have drawn significant market attention.
MetaPlanet, Hut 8 Move Large Bitcoin Amounts On-Chain
Data from on-chain tracker @lookonchain shows MetaPlanet transferred 1,473 Bitcoin worth about $93.82 million one hour ago. Hut 8, the North American listed Bitcoin miner, also moved 493 BTC valued at roughly $31.36 million three hours ago.
MetaPlanet, a Japanese listed company with Bitcoin as its core treasury asset, has continued to accumulate the cryptocurrency recently. Hut 8's sizable outflow may relate to its treasury management strategy. The two institutions' large same-day transfers drew market attention.
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