According to Lookonchain monitoring data, Japanese listed company Metaplanet just deposited 1,350 $BTC into a Coinbase Prime address about an hour ago. Based on the current price, the value of the deposited Bitcoin is approximately $108 million.

It’s worth noting that this is not Metaplanet’s first Bitcoin accumulation. Previously, the company had already bought 43,000 BTC at an average price of $96,191 in total, for a total value of about $3.48 billion, making it a steadfast long-term Bitcoin holder in the crypto market.

This time, Metaplanet transferred a large amount of Bitcoin to the Coinbase Prime address, and various speculations have emerged in the market. Some believe it may be preparing for a subsequent sell-off, especially since the current Bitcoin price has risen significantly compared with the company’s prior average acquisition price. However, there are also views that this may simply be a company’s normal asset reallocation process and does not necessarily indicate an intention to sell.

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