🚨 43,000 BTC untouched! Metaplanet has repeatedly transferred 2,350 BTC into Coinbase Prime—what are they really trying to do?
Group: 点击进入玖玖的粉丝群
Metaplanet’s recent on-chain moves are starting to get the market’s attention.👀
On August 28, on-chain data showed that Metaplanet transferred 1,350 BTC to Coinbase Prime via six transactions. Based on the price at the time, it was worth about $108 million. More importantly, this was the second time it carried out a similar operation within three days.
On August 25, Metaplanet also transferred 1,000 BTC to Coinbase Prime. That means in just a few days, a total of 2,350 BTC has been moved into Coinbase Prime. This is also why the market has begun speculating: is Metaplanet preparing to sell its BTC?🤔
However, there’s a crucial detail here—moving BTC into Coinbase Prime does not necessarily mean it will be sold. Coinbase Prime not only provides trading services, it also offers institutional-grade custody and financing. So once these BTC enter Coinbase Prime, in theory they could be used for custody, financing, trade arrangements, or other institutional-level operations. The on-chain data alone cannot directly prove that Metaplanet has already carried out any selling activity.
Moreover, based on currently available public data, Metaplanet’s total BTC holdings still remain at 43,000 BTC, with no clear reduction. This is arguably the most worth paying attention to part of the entire story.
If the company is truly only preparing to sell part of its BTC, then the market should see its holdings change going forward. But if the BTC is simply being moved from one custody address to Coinbase Prime, it may just indicate a change in asset management approach—not a reduction in holdings.
In fact, Metaplanet has gone through a similar situation before.
On August 12, the company transferred 5,014 BTC in one go, and the market again speculated about possible selling. Then CEO Simon Gerovich later clarified that it was merely a transfer between Metaplanet’s internal custody addresses and that no BTC had been sold.
So this time, with the continuous inflows to Coinbase Prime, the real answer may still require an official response from Metaplanet.
Click the avatar to watch the livestream + join the Jiujiu chat group to get daily strategies 🚀
#BTC #metaplanet #coinbase
Group: 点击进入玖玖的粉丝群
Metaplanet’s recent on-chain moves are starting to get the market’s attention.👀
On August 28, on-chain data showed that Metaplanet transferred 1,350 BTC to Coinbase Prime via six transactions. Based on the price at the time, it was worth about $108 million. More importantly, this was the second time it carried out a similar operation within three days.
On August 25, Metaplanet also transferred 1,000 BTC to Coinbase Prime. That means in just a few days, a total of 2,350 BTC has been moved into Coinbase Prime. This is also why the market has begun speculating: is Metaplanet preparing to sell its BTC?🤔
However, there’s a crucial detail here—moving BTC into Coinbase Prime does not necessarily mean it will be sold. Coinbase Prime not only provides trading services, it also offers institutional-grade custody and financing. So once these BTC enter Coinbase Prime, in theory they could be used for custody, financing, trade arrangements, or other institutional-level operations. The on-chain data alone cannot directly prove that Metaplanet has already carried out any selling activity.
Moreover, based on currently available public data, Metaplanet’s total BTC holdings still remain at 43,000 BTC, with no clear reduction. This is arguably the most worth paying attention to part of the entire story.
If the company is truly only preparing to sell part of its BTC, then the market should see its holdings change going forward. But if the BTC is simply being moved from one custody address to Coinbase Prime, it may just indicate a change in asset management approach—not a reduction in holdings.
In fact, Metaplanet has gone through a similar situation before.
On August 12, the company transferred 5,014 BTC in one go, and the market again speculated about possible selling. Then CEO Simon Gerovich later clarified that it was merely a transfer between Metaplanet’s internal custody addresses and that no BTC had been sold.
So this time, with the continuous inflows to Coinbase Prime, the real answer may still require an official response from Metaplanet.
Click the avatar to watch the livestream + join the Jiujiu chat group to get daily strategies 🚀
#BTC #metaplanet #coinbase
