Metaplanet moves $108M in Bitcoin to Coinbase Prime

Metaplanet transferred roughly $108 million worth of Bitcoin to Coinbase Prime, moving custody onto an institutional trading and custody platform. Placing coins on an exchange raises the potential for near-term selling or rebalancing by the firm, as Coinbase Prime facilitates active trading and liquidity access. While $108M is meaningful for the holder, it is modest relative to global daily BTC volume; the primary implication is elevated short-term sell-side risk that should be monitored via exchange order books and subsequent on-chain flows.