Japanese Bitcoin treasury firm Metaplanet transferred 4,800 BTC to Coinbase Prime on the latest reported move, a transaction valued at nearly $377 million based on the figures cited in the report. Arkham Intelligence data shows that this was part of a broader series of transfers over the past week: 2,000 BTC two days earlier, 3,331 BTC in a batch of transfers three days earlier, and 139 BTC six days earlier. Altogether, the company moved 10,270 BTC worth about $806.3 million to Coinbase Prime this week alone.
Metaplanet is described in the report as the fourth-largest corporate Bitcoin holder, with 35,102 BTC worth roughly $2.75 billion. If the transfers are ultimately confirmed as sales, they would cut the company’s holdings by more than 29%. The report says the activity has fueled speculation that the company may be reducing its Bitcoin position, though no confirmation of a sale is provided in the source.
The report also contrasts Metaplanet’s transfers with a move by French Bitcoin treasury company Capital B, which said it raised €21.0 million, or $24.5 million, in a private share placement to buy 270 BTC. Even so, the article notes that smaller treasury companies have recently been selling holdings, placing Metaplanet’s actions within a broader industry pattern.
Metaplanet moved 4,800 BTC to Coinbase Prime on the latest reported transfer, a transaction valued at nearly $377 million according to the figures cited in the report. Arkham Intelligence data shows the Japanese Bitcoin treasury company has sent a total of 10,270 BTC to Coinbase Prime this week, equal to more than 29% of its reported holdings.
The transfer activity has sparked speculation that the company may be selling part of its Bitcoin position. The source report does not say that Metaplanet confirmed any sale.
Series of transfers to Coinbase Prime
According to Arkham Intelligence data, the 4,800 BTC transfer came after several other deposits over the past week. Two days earlier, Metaplanet transferred 2,000 BTC worth $155.5 million. Three days earlier, it made another series of transfers totaling 3,331 BTC, valued at nearly $266 million. Six days earlier, it moved 139 BTC worth $11.1 million.
Taken together, those deposits amounted to 10,270 BTC worth about $806.3 million in this week alone.
Holdings rank fourth among corporate Bitcoin treasuries
The report describes Metaplanet as the fourth-largest corporate Bitcoin holder. Its treasury holds 35,102 BTC, valued at roughly $2.75 billion based on the figures in the article.
If the transfers are confirmed to be sales, the company’s holdings would fall by more than 29%.
Capital B moved the other way
The report also points to an opposite move from French Bitcoin treasury company Capital B. The company announced that it had raised €21.0 million, or $24.5 million, through a private share placement to acquire 270 BTC.
Even so, the article says Metaplanet’s actions fit a broader industry trend, with smaller treasury companies recently selling holdings.
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