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Metaplanet shuffles $250M bitcoin while their paper losses hit a cold $1.4B πŸ–€πŸ¦‡

Metaplanet just shifted 3,881 BTC worth around $250 million in one swift move that has everyone raising eyebrows over the odd timing πŸ–€.

The Japanese firm behind this BTC treasury play now sits on 43,000 units following its early July buy of another 2,823 coins for $222 million. Reaching that 100,000 BTC target by the end of 2026 feels distant right now with buys slowing down noticeably.

Its average cost hovers just over $96,000 after splashing more than $4.1 billion total, yet the recent dip has left it nursing a cool $1.4 billion paper loss πŸ’€.

Shadowy Wallet Moves Stir Fresh Speculation πŸŒ‘

The transfer timing feels deliberate with no word yet on whether this leads to a sale, though other big BTC holders like Strategy have already offloaded chunks this year πŸ¦‡. Miners and similar firms have copied the pattern too while Metaplanet had held back until now.

Such moves always spark questions in DeFi circles especially when paper losses stack up this high πŸ•―οΈ.


Just another echo from the void by iconofsin.eth πŸ’–


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