Metaplanet transferred a total of 10,270 BTC with transaction ID $BTC to Coinbase over the past week, worth the equivalent of $806.3 million. It transferred 4,800 BTC yesterday, 2,000 BTC a few days earlier, 3,331 BTC three days ago, and 139 BTC six days ago—it's extremely active. These more than 10,000 coins make up roughly the low-30s percent of their total holdings of over 35,000 BTC.
You should know that Metaplanet is currently the fourth-largest publicly listed company holding Bitcoin, with an average acquisition cost of over 100,000. They bought at a very high level. If these coins are truly going to be sold off at around 80,000+, that would mean cutting losses to exit—an absolute major blow to market confidence in Bitcoin among DAT companies. There is currently no confirmed news that they plan to sell, but this is definitely something worth paying close attention to. If there are any new developments, I will report back to everyone.
You should know that Metaplanet is currently the fourth-largest publicly listed company holding Bitcoin, with an average acquisition cost of over 100,000. They bought at a very high level. If these coins are truly going to be sold off at around 80,000+, that would mean cutting losses to exit—an absolute major blow to market confidence in Bitcoin among DAT companies. There is currently no confirmed news that they plan to sell, but this is definitely something worth paying close attention to. If there are any new developments, I will report back to everyone.