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Metaplanet and Hut8 move $125M in Bitcoin off exchanges in a single day

Market News
12 Aug 2026, 13:30 WIB
Bitcoin
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Bullish
Metaplanet and Hut8 move $125M in Bitcoin off exchanges in a single day

On August 12, 2026, Metaplanet and Hut8 collectively withdrew 1,966 BTC worth about $125 million from exchanges within three hours. Metaplanet moved 1,473 BTC, increasing its treasury to over 43,000 BTC, while Hut8 moved 493 BTC, holding around 13,696 BTC total. These moves likely indicate a shift to long-term cold storage amid a summer bitcoin price slump, signaling confidence from major corporate holders. Neither company disclosed specific reasons, but such withdrawals often suggest bullish sentiment on bitcoin's future value.

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