Metaplanet transfers over 5,400 BTC to Coinbase Prime, including 2,400 BTC deposit worth ~$186M

Metaplanet deposited 2,400 BTC worth about $186M into Coinbase Prime custody, according to Crypto Briefing ^[1].

Blockonomi reported that between August 25 and August 29 Metaplanet initiated transfers totaling more than 5,400 BTC to Coinbase Prime, including a 2,400 BTC transfer valued at approximately $186M and a subsequent 3,000 BTC transaction valued at $237M ^[2].

Blockonomi also stated that an additional 800 BTC deposit worth roughly $62.2M followed, bringing cumulative transfers above 3,200 BTC since the end of August ^[2].

Blockonomi further reported that Metaplanet CEO Simon Gerovich said the transactions are custody arrangements rather than preparation for asset liquidation ^[2].

CoinGape said Metaplanet moved another set of 2,400 BTC to Coinbase, and that the report followed recent transfers amid falling Bitcoin prices; it also claimed Metaplanet’s stock fell nearly 10% on Monday ^[3].

MoneyCheck focused on Metaplanet’s Bitcoin transfers to Coinbase Prime without selling, but the provided excerpt did not include additional quantified details ^[4].