Metaplanet transfers 10,270 Bitcoin to Coinbase in one week
Metaplanet, a Japanese company holding Bitcoin as part of its financial strategy, transferred 4,800 BTC worth nearly $377 million to Coinbase Prime on August 31, 2026. This follows several other large transfers earlier in the week, bringing the total moved to the exchange to 10,270 BTC, valued at approximately $806.3 million.
Weekly transfer breakdown
- 4,800 BTC ($377 million) moved on August 31
- 2,000 BTC ($155.5 million) moved two days prior
- 3,331 BTC ($266 million) moved three days prior
- 139 BTC ($11.1 million) moved six days prior
Speculation over intent
Blockchain tracking accounts noted the transfers, with some suggesting Metaplanet may be preparing to sell its Bitcoin. Others argued the company could be using Coinbase, a major cryptocurrency exchange, simply for secure storage. No official statement from Metaplanet has confirmed either purpose.
The transfers represent over 29% of Metaplanet’s reported Bitcoin holdings, which total 35,102 BTC worth about $2.75 billion.
Industry context
The move contrasts with other corporate Bitcoin holders, such as France’s Capital B, which recently raised funds to buy more Bitcoin. However, it aligns with a trend of some smaller companies selling their Bitcoin reserves.
What is confirmed
- Metaplanet transferred 10,270 BTC to Coinbase Prime in one week.
- The total value of these transfers was approximately $806.3 million.
- Metaplanet holds 35,102 BTC, making it the fourth-largest corporate Bitcoin holder.
What is still unclear
It remains unconfirmed whether Metaplanet intends to sell the Bitcoin or use Coinbase for custody. The company has not publicly addressed the transfers.
