Metaplanet Moves 4,986 BTC as Stock Slides 12% Following Treasury Shift

Metaplanet has transferred 4,986 BTC after nearly three months of inactivity, according to on-chain data from Arkham. The movement, valued at approximately $368 million at the time of transfer, coincided with a decline in the company’s stock price, which fell more than 12%.

Blockchain data shows the company initiated several test transactions before relocating its Bitcoin holdings to five new wallets. The transfers originated from cold storage, prompting attention across the crypto market due to the size and timing of the movement.