Metaplanet transferred 3,881 BTC ($247.3 million) and Hut 8 moved 493 BTC ($31.36 million), totaling 4,374 BTC worth approximately $278.66 million. These transfers remained outside exchange wallets, suggesting internal reorganization rather than immediate selling. Metaplanet now holds 43,000 BTC valued at $2.74 billion, acquired at an average price of $96,191, but shows an unrealized loss of $1.4 billion, a 34% decline. Bitcoin traded around $63,736 at press time, down 0.32%. Outflows from the market reached $5.05 billion for Bitcoin and an additional $1.5 billion for stablecoins, signaling persistent bearish sentiment among institutional investors.
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