Mutiny? Metaplanet moves 4,800 BTC worth $377M to Coinbase
Covered by 3 sources · 3 articles
Japanese bitcoin treasury firm Metaplanet moved a significant portion of its holdings to Coinbase Prime this week, transferring over 29% of its reported bitcoin reserves to the exchange's custodial service. The transfer totaled more than 10,000 bitcoin across the week, with 4,800 BTC representing roughly $377 million at the time of the move. The shift underscores the operational considerations that large-scale institutional holders face when managing substantial crypto reserves, particularly around custody arrangements and asset safeguarding infrastructure.
- Metaplanet transferred more than a quarter of its bitcoin holdings to Coinbase Prime's custodial service within a single week
- The move reflects broader questions about how major institutional holders balance self-custody with third-party custodian arrangements
- Large bitcoin repositioning by treasury companies can signal strategic reassessment of asset management infrastructure
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Metaplanet moves 4,800 BTC worth $377 million to Coinbase Prime
🚨 Metaplanet moved 4,800 BTC worth $377 million to Coinbase Prime today. 💰 The company has transferred 10,270 BTC, valued at $806.3 million, in just one week. 🔍 If sales are confirmed, Metaplanet’s Bitcoin holdings could drop by over 29%…
Metaplanet transfers 4,800 Bitcoin worth $377M to Coinbase Prime in custodial shuffle
Metaplanet's custodial Bitcoin shuffle highlights the strategic complexities and market sensitivities of large-scale crypto asset management. The post Metaplanet transfers 4,800 Bitcoin worth $377M to Coinbase Prime in custodial shuffle app…
Metaplanet moves 4,800 BTC worth $377M to Coinbase
The Japanese Bitcoin treasury company has transferred 10,270 BTC to Coinbase Prime this week, an amount equal to more than 29% of its reported holdings.