Metaplanet transfers 3,881 BTC as Bitcoin declines despite ETF inflows
The Japanese Bitcoin treasury company moved substantial holdings to cold storage while the asset fell, even as U.S. spot ETFs recorded modest inflows.
Metaplanet transferred 3,881 BTC worth approximately $247.3 million on August 12, 2026, according to blockchain data. The company, which owns 43,000 BTC acquired at an average price of $96,191, now carries unrealised losses of around $1.4 billion. Mining firm Hut 8 also moved 493 BTC worth roughly $31.36 million during the same period.
The transfers occurred as Bitcoin's price declined, despite U.S. spot Bitcoin ETFs recording a net inflow of $4.89 million on August 11, with only BlackRock's IBIT posting inflows among major funds. While the moves sparked speculation about potential sales, the transfers went to cold wallets rather than exchanges, suggesting a custody shift rather than a confirmed sell-off.
The activity reflects broader changes in the Bitcoin treasury company sector. Strategy, another major player, recently sold 1,690 BTC for $108.6 million at a loss exceeding $102 million after weeks without purchases. However, Strategy's CEO Phong Le stated the company plans to resume accumulation later in 2026, noting that year-to-date purchases of around 175,000 BTC far outpaced sales of 7,000 BTC. Proceeds from sales supported preferred dividends, share buybacks, and U.S. dollar reserves.
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