Metaplanet Coinbase Prime Transfers Raise Unresolved Selling Risk

Metaplanet reportedly moved at least 4,750-4,800 BTC to Coinbase Prime while BTC traded near $78,000 and its stated average cost basis was approximately $96,191. The company describes the transfers as custody movements; execution data, exchange selling or a confirmed treasury-balance decline is still required before labeling them institutional distribution.