According to blockchain analytics account Lookonchain, Metaplanet transferred 3,000 Bitcoin worth approximately $237 million to wallets attributed to Coinbase Prime on August 28. As reported by AMBCrypto, this represents a continuation of the company's recent movement strategy, following a separate 3,881 BTC transfer worth $247 million that was previously reported. The latest transfer, worth about $237 million at the time, followed a separate 1,000 BTC transfer completed on August 25, bringing the total movement to 6,881 BTC worth nearly $285 million within four days. The transfer represents a significant movement from the Japanese company's substantial Bitcoin holdings, though it does not establish a sale as Coinbase Prime provides institutional custody services. Lookonchain described the transaction as a deposit into Coinbase Prime, noting that moving Bitcoin there can precede a sale but can also reflect custody management, collateral arrangements or internal account transfers.
As reported by Lookonchain, Metaplanet officially holds 43,000 Bitcoin, valued near ₹2,90,000 crore ($3.4 billion) at current market prices. The company acquired 2,823 BTC during the second quarter at an average acquisition price of approximately ₹1,530 crore ($96,191) per coin. At this average price, the position's estimated acquisition cost would be approximately ₹3,52,000 crore ($4.14 billion). However, Arkham's address labels show approximately 38,650 BTC, valued at nearly $3.07 billion, in wallets attributed to the company. The difference between Arkham's tracked balance and Metaplanet's declared holdings does not establish a sale because analytics platforms may not identify every custodial account or address controlled by a company. The latest transfers do not necessarily reduce Metaplanet's holdings, as Bitcoin held through Coinbase Prime accounts could remain under the company's beneficial ownership.
According to reports, Metaplanet agreed to contribute 2,100 BTC and $2.5 million to Nasdaq-listed Super League Enterprise on August 18. The proposed transaction would turn Super League into a U.S. Bitcoin treasury platform named Superplanet, with Metaplanet receiving 44.86 million common shares, preferred shares and warrants. The company expects to own approximately 95.7% of the resulting company, with the planned Nasdaq ticker being SUPA. The 2,100 BTC contribution would remain within Metaplanet's consolidated group after closing, with the companies valuing the initial investment at about ₹1,100 crore ($134.6 million) based on Bitcoin's Coinbase closing price at 4 p.m. New York time on August 14. The transaction still requires Super League shareholder approval, Nasdaq requirements and applicable procedures in the U.S. and Japan, with companies targeting a fourth-quarter 2026 closing.
The latest transfers come as Bitcoin traded around $77,000 after falling from $81,000, with broader exchange-side pressure remaining limited despite concerns around Metaplanet. According to AMBCrypto, Bitcoin treasury holdings reached a combined value of $109 billion on August 28, reflecting Bitcoin's recent recovery. However, the Exchange Supply Ratio fell to a monthly low of 0.134 over ten days, indicating that a smaller proportion of Bitcoin's supply remained available on exchanges. Reduced exchange supply has historically supported stronger price moves by limiting readily available selling liquidity. The Aroon Up stood at 92% while the Aroon Down remained considerably lower at 7%, indicating that Bitcoin had recently formed highs more frequently than lows, supporting the broader bullish structure. However, the ALMA reflected short-term weakness, with Bitcoin trading below the ALMA at $78,647, suggesting immediate downside pressure had strengthened.
Financial results released on August 13 showed that Metaplanet generated ₹38,400 crore ($4.74 billion) in revenue during the six months ended June 30, up 133.7% from the previous year. Operating profit rose 136.3% to ₹28,600 crore ($3.33 billion), or about $20.3 million. However, the company recorded a net loss of ₹1,62,000 crore ($182.77 billion) for the half-year period, with most of the loss attributed to a ₹1,64,000 crore ($184.3 billion) non-cash reduction in the reported value of its Bitcoin holdings. The company uses options as part of its treasury operations, with revenue from the Bitcoin income segment reaching ₹37,800 crore ($4.74 billion), with about ₹36,700 crore ($4.58 billion) coming from option premiums. Management has set a target of holding 210,000 BTC by the end of 2027, equal to about 1% of Bitcoin's fixed 21 million supply.
