Metaplanet invites fresh selling scrutiny after 1,350 BTC move to Coinbase Prime

Metaplanet moved BTC from its known wallets again, inviting scrutiny on the platform’s next step. At the same time, Metaplanet’s MTPLF stock is showing signs of recovery on renewed enthusiasm for its treasury. 

Metaplanet moved a total of 1,350 BTC in several transactions from its known wallets. The transfer once again raised the possibility of selling some of the 43,000 BTC in the treasury. Metaplanet sent the funds to Coinbase Prime Custody, which may also be an internal move for reorganizing and diversifying storage. 

Some of the coin transfers may be linked to Metaplanet’s US-based treasury, Superplanet, which is set to receive 2,100 BTC. 

As Cryptopolitan reported, Metaplanet last moved BTC as of August 12, but this did not result in a sale. In fact, since then, BTC started one of its most dramatic recoveries for the year, climbing back above $80,000. 

Metaplanet bought 7,898 BTC in the year to date, with 54 purchases since April 2024. Metaplanet bought more BTC during the latest dip to the $60,000 range, with a $97,593 average price achieved to date. 

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