Metaplanet Executes $188M Bitcoin Transfer To Coinbase In Just Three Hours

TL;DR

• Metaplanet moved 2,400 BTC worth roughly $186 million into Coinbase Prime within three hours on August 31, using six deposits ranging from 103 to 800 BTC.
• The company has transferred at least 4,750 BTC worth about $374 million through three clearly distinct Coinbase Prime moves since August 25, while still reporting 43,000 BTC on its balance sheet.
• CEO Simon Gerovich says the transfers are custodial and do not signal liquidation.

Metaplanet moved 2,400 BTC, worth roughly $186 million, into Coinbase Prime within three hours on August 31, extending a rapid series of transfers by the Tokyo-listed Bitcoin treasury company. Onchain tracking showed six deposits ranging from 103 BTC to 800 BTC, with the largest single transfer valued near $62 million. The striking feature is not only the size of the move, but how quickly the company shifted such a large amount of Bitcoin into institutional custody. The latest activity brings renewed attention to how Metaplanet is managing liquidity while maintaining its reported treasury position today.

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