Metaplanet transfers 3,000 Bitcoin worth $237M to Coinbase Prime
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Metaplanet moved 3,000 BTC (about $237 million) into Coinbase Prime. Coinbase Prime is a custodial trading platform, so the transfer likely reflects a move into an exchange-accessible custody environment for trading, OTC or liquidity management. This raises the prospect of increased near-term selling pressure if the coins are liquidated, though it could also simply be institutional custody consolidation with no immediate market impact.
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