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Metaplanet transfers $186M in Bitcoin to Coinbase Prime within three hours.

Market News
31 Aug 2026
Bitcoin
View Source
Neutral
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Metaplanet moved 2,400 BTC, valued at about $186 million, to Coinbase Prime in six transactions over three hours on August 31. This is part of a series of large transfers totaling at least 4,750 BTC since August 25, all custodial moves without plans to sell, according to CEO Simon Gerovich. The transfers coincide with Metaplanet's proposal to contribute 2,100 BTC and $2.5 million to a new Nasdaq-listed bitcoin treasury venture, Superplanet. The company maintains its total bitcoin holdings at 43,000 BTC, worth approximately $3.48 billion, despite bitcoin's price being below their average acquisition cost.

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Oracle stock predicted to rise 5% by Sept 2026 amid strong AI demand despite recent credit downgrade.

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Market News
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Robinhood Chain surpasses Ethereum in daily app revenue, signaling strong DeFi growth.

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