Metaplanet has drawn renewed attention in the crypto market after moving 1,350 BTC to Coinbase Prime, a transfer worth roughly $108 million at the time of the transaction. The move comes as Bitcoin trades close to the $80,000 mark after failing to hold above that level, prompting fresh questions about the company’s next steps with its Bitcoin holdings.

Metaplanet Moves 1,350 BTC to Coinbase Prime

Metaplanet transferred the 1,350 BTC to Coinbase Prime, according to blockchain data reported by Lookonchain. The value of the coins stood at roughly $108 million based on Bitcoin’s price at the time.

Coinbase Prime is the institutional arm of the Coinbase exchange, used by corporate and professional clients for custody, financing, and trade execution. Because the platform serves both long-term storage and trading functions, on-chain observers often treat large transfers to it as ambiguous signals rather than definitive proof of a sale.

The transaction follows another large transfer by the company. On August 25, Metaplanet moved 1,000 BTC, worth about $79.77 million, to Coinbase Prime. Together, the two transfers have placed the company’s recent Bitcoin movements under closer scrutiny.

A transfer to Coinbase Prime does not confirm that Metaplanet has sold Bitcoin. Companies can move coins between wallets and institutional platforms for several reasons, including custody and trading arrangements. There has been no confirmation that Metaplanet sold the BTC involved in either transaction.

Metaplanet’s Bitcoin Holdings Remain Under Watch

Metaplanet, a Tokyo-listed company that has positioned itself as one of Asia’s most prominent corporate Bitcoin holders, has built a large Bitcoin treasury over the past year. The company has reported cumulative purchases of 43,000 BTC at an average price of $96,191 per coin.

Arkham data showed that Metaplanet held around 38,650 BTC, with the position valued at about $3.07 billion. The gap between the reported purchase total and the current wallet balance has added further interest to the latest transfers.

The company also reported about $20 million in profit for the first half of 2026. Its Bitcoin treasury remains a central pillar of its corporate strategy, which keeps its wallet activity closely monitored by crypto market participants.

Bitcoin Price Remains Near $80,000

Bitcoin has struggled to establish a clear move above $80,000 in recent sessions. The cryptocurrency traded around $77,933 after reaching a 24-hour high of $81,281.

Price action has kept BTC within a narrow range of roughly $78,000 to $81,000. Resistance sits near $81,121, with the next zone between $82,500 and $84,700.

On the downside, support lies around $78,720, followed by another level near $75,604. A sustained break below $75,604 could place additional pressure on the current market structure and bring the $68,000 area back into focus.

Strategy’s Treasury Moves Add to Market Attention

Metaplanet’s latest transfer comes as Strategy has shifted its recent treasury approach, pausing Bitcoin purchases and increasing its USD cash reserves.

Strategy and Metaplanet remain among the most closely followed public companies holding large Bitcoin treasuries. Their decisions often attract attention whenever Bitcoin enters periods of heavy price movement, because large treasury holders’ wallet activity is publicly visible on-chain and can influence broader market sentiment.

For Metaplanet, the latest wallet transfers have arrived at a sensitive moment: Bitcoin remains near $80,000 while the company continues to manage a substantial BTC position.

This article is for informational purposes only and does not constitute financial advice. Cryptocurrency markets can experience sharp price movements.

Source: The Market Periodical