Metaplanet transferred 1,000 bitcoin, worth about $79.77 million at the time of the move, into Coinbase Prime custody on Aug. 25. The transfer came shortly after the Japanese company reported that its holdings had reached 43,000 BTC, making it the largest publicly traded bitcoin holder in Asia. The transaction was presented as a custody move, not as a new purchase or a sale.
Lookonchain estimated Metaplanet’s average cost basis at roughly $96,191 per bitcoin, consistent with the company’s disclosed aggregate cost of about $4.09 billion. Its holdings have grown from 1,761 BTC at the end of 2024, funded mainly through equity issuance and structured financing. A Coinbase Prime transfer can support institutional custody, over-the-counter execution or corporate transactions, so it does not establish selling intent. Metaplanet has set a target of 210,000 BTC by the end of 2027, and investors will watch how the newly custodied coins support that expansion.
https://news.bitcoin.com/crypto-news/metaplanet-1000-btc-coinbase-prime-custody/
oxhak / Ox HaK
npub1sx…dz7z7
2026-08-25 20:36:01 UTC
Author Public Key
npub1sxexewvzysc3affq4yzzh7w8e3udyujap2vlj7t6lkdg5dvhp24q4dz7z7Seen on
wss://nos.lolPublished at
2026-08-25 20:36:01 UTCEvent JSON
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"content": "Metaplanet transferred 1,000 bitcoin, worth about $79.77 million at the time of the move, into Coinbase Prime custody on Aug. 25. The transfer came shortly after the Japanese company reported that its holdings had reached 43,000 BTC, making it the largest publicly traded bitcoin holder in Asia. The transaction was presented as a custody move, not as a new purchase or a sale.\n\nLookonchain estimated Metaplanet’s average cost basis at roughly $96,191 per bitcoin, consistent with the company’s disclosed aggregate cost of about $4.09 billion. Its holdings have grown from 1,761 BTC at the end of 2024, funded mainly through equity issuance and structured financing. A Coinbase Prime transfer can support institutional custody, over-the-counter execution or corporate transactions, so it does not establish selling intent. Metaplanet has set a target of 210,000 BTC by the end of 2027, and investors will watch how the newly custodied coins support that expansion.\n\nhttps://news.bitcoin.com/crypto-news/metaplanet-1000-btc-coinbase-prime-custody/",
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}