Why Did Metaplanet Just Move 3,881 Bitcoin?
TLDR
- Metaplanet transferred 3,881 BTC worth about $250 million, according to Arkham and Lookonchain.
- The company currently holds about 43,000 BTC, making it one of the largest public Bitcoin holders.
- Metaplanet’s average Bitcoin purchase price remains above $96,000, with total spending exceeding $4.1 billion.
- The company is facing an estimated $1.4 billion paper loss as Bitcoin trades below its average acquisition price.
- Metaplanet still targets 100,000 BTC by the end of 2026, although its recent buying pace has slowed.
Metaplanet moved 3,881 Bitcoin worth about $250 million on Tuesday, drawing attention to the Japanese company’s treasury activity. Blockchain trackers Arkham and Lookonchain reported the transfer hours after it appeared on-chain. No public statement has confirmed that Metaplanet plans to sell the Bitcoin.
Metaplanet (@Metaplanet) transferred a total of 3,881 $BTC ($247.3M) over the past 3 hours.
Metaplanet bought a total of 43,000 $BTC at an average price of $96,191 and is currently sitting on a loss of $1.4B(-34%).https://t.co/HGljOETBsX pic.twitter.com/L0JeP8wHxv
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