Metaplanet moves $377M in Bitcoin to Coinbase

Metaplanet moves $377M in Bitcoin to Coinbase

Metaplanet sent 4,800 BTC worth $377 million to Coinbase Prime, bringing its weekly transfers to 10,270 BTC and fueling speculation over a sale.

Metaplanet Moves 10,270 Bitcoin to Coinbase—But a Sale Is Still Unproven

Metaplanet moved Bitcoin worth roughly $806 million to Coinbase Prime in one week. The transfers are real; the claim that it sold nearly a third of its treasury is not yet proven.

Metaplanet's $96,191 cost basis meets a $78,000 Bitcoin as 4,750 coins reach Coinbase

Metaplanet sent 4,750 BTC to Coinbase Prime in a week while Bitcoin trades near $78,000, far under the firm's average acquisition cost of about $96,191.

Metaplanet's $1B BTC Loss Sparks $45M Treasury Cost

Metaplanet has paid over $45 million to operate a bitcoin treasury that now holds a $1 billion unrealized loss, according to its fiscal reports. The Japanese

Metaplanet spent over $45M to lose $1B investing in bitcoin

Metaplanet has spent tens of millions of dollars operating a bitcoin treasury company that has an unrealized loss of more than $1 billion. The post Metaplanet spent over $45M to lose $1B investing in bitcoin appeared first on Protos.