On August 28, BlockBeats reported that on-chain monitoring service Lookonchain detected a transfer of 1,350 BTC, worth about $108 million, from bitcoin treasury company Metaplanet to Coinbase Prime. The transfer occurred around one hour before the report was issued. According to the same dispatch, Metaplanet had previously bought 43,000 BTC at an average price of $96,191, with a total value of roughly $3.48 billion. The original report does not state whether the coins are being sold, pledged, or moved for custody, and it gives no address-level details beyond the Coinbase Prime destination. BlockBeats attributed the monitoring data to Lookonchain, a service that tracks wallet movements. The word 'again' in the original Chinese dispatch indicates that Metaplanet has previously sent bitcoin to Coinbase Prime, although those earlier transfers were not detailed in this flash. No further information about the transaction's purpose, fees, or subsequent transfers was disclosed in the original news item.
BlockBeats reported on August 28 that Lookonchain's on-chain monitoring flagged a transfer of 1,350 BTC, valued at roughly $108 million, from bitcoin treasury company Metaplanet to Coinbase Prime. The transfer was detected about one hour before the report was published.
Metaplanet had previously purchased 43,000 BTC at an average price of $96,191, worth approximately $3.48 billion, according to the same dispatch. The report uses the word 'again' to describe the transfer, meaning Metaplanet has made similar moves to Coinbase Prime before, even though this flash did not detail those earlier transactions.
The original report gives no indication of the purpose of the deposit or what happens to the bitcoin after arrival. No address-level data beyond the destination was included. Lookonchain was the only monitoring service cited.
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