Japan’s Metaplanet Moves 1,000 Bitcoin to Coinbase Prime, Sparking Sale Speculation

Japanese Bitcoin treasury firm Metaplanet has transferred 1,000 Bitcoin, worth approximately $79.77 million, to Coinbase Prime, triggering speculation about a possible sale. Lookonchain flagged the transfer, though it remains unclear whether any Bitcoin has actually been sold, as such transfers to institutional platforms don’t always confirm a liquidation.

Metaplanet’s Broader Bitcoin Holdings

The company has accumulated a total of 43,000 Bitcoin at an average purchase price of $96,191, representing cumulative investments of about $3.48 billion. Despite this transfer, its long-term accumulation strategy remains a key part of its corporate treasury approach.

Market Reaction Remains Mixed

Analysts note that Bitcoin’s technical indicators currently show overbought conditions in the short term, with potential price swings depending on whether it holds above key support levels. While short term sentiment stays cautious, many view Metaplanet’s long term Bitcoin strategy as still intact, especially with prices trading above major moving averages.