Bitcoin treasuries cross $100B – Can BTC absorb Metaplanet’s $237M move?

The value of Bitcoin held by treasury companies crossed $100 billion for the first time since early June. Their combined holdings reached $109 billion on the 28th of August, reflecting Bitcoin’s recent recovery.

However, fresh exchange transfers from Metaplanet raised questions about whether some treasury companies could reduce their exposure.

Is Metaplanet preparing to sell Bitcoin?

AMBCrypto previously reported that Metaplanet moved 3,881 BTC worth $247 million.

However, its recorded holdings remained unchanged, suggesting the transfer had not resulted in a confirmed sale. A similar pattern emerged after Lookonchain reported another exchange deposit.

According to the on-chain tracker, Metaplanet transferred 3,000 BTC worth $237 million into Coinbase Prime. Like the previous transfer, the Bitcoin had yet to be sold.

The activity could reflect internal reorganization or preparations for a potential sale. However, its purpose remained unconfirmed.

Bitcoin Treasuries data showed that Metaplanet still held 43,000 BTC worth $3.3 billion. A confirmed sale could increase market pressure. Until then, the transfer’s direct market impact remains neutral.

Can BTC bulls absorb the recent pressure?

Despite concerns around Metaplanet, broader exchange-side pressure remained limited.