Japanese firm Metaplanet transferred 800 Bitcoin, worth approximately $62.19 million, from its own custody to Coinbase Prime, sparking speculation about a potential sale, though the transfer alone does not confirm a sale as funds could also be used for liquidity management or OTC transactions. Metaplanet now holds 43,000 BTC valued at $3.35 billion, making it the third largest Bitcoin treasury worldwide. Despite this growing accumulation, the company’s stock price dropped 8.67% to 316 yen with a year-to-date decline of over 32%, reflecting growing investor caution over dilution risks and strategy sustainability.
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