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

AMBCrypto2026/08/29 13:03

By:AMBCrypto

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

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.

@media only screen and (min-width: 0px) and (min-height: 0px) { div[id^="bsa-zone_1774359638628-7_123456"] { min-height: 50px; transition: min-height 0.3s ease; } } @media only screen and (min-width: 640px) and (min-height: 0px) { div[id^="bsa-zone_1774359638628-7_123456"] { min-height: 90px; } }

However, its recorded holdings remained unchanged, suggesting the transfer had not resulted in a confirmed sale.

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.

Bitcoin’s [BTC] Exchange Supply Ratio fell to a monthly low of 0.134 over ten days. The decline indicated 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.

Meanwhile, Bitcoin fell from $81,000, lost $80,000, and reached $77,000. Even so, broader momentum remained bullish. The Aroon Up stood at 92%, while the Aroon Down remained considerably lower at 7%.

This setup indicated that Bitcoin had recently formed highs more frequently than lows, supporting the broader bullish structure.

However, the ALMA reflected short-term weakness.

Bitcoin traded below the ALMA at $78,647, suggesting that immediate downside pressure had strengthened. Confirmed selling from Metaplanet could deepen that pressure and expose Bitcoin to a possible decline toward $73,000.

By contrast, renewed buying could shorten the pullback and help Bitcoin reclaim $80,000.

Final Summary

Bitcoin treasury holdings reached a combined value of $109 billion.
Metaplanet transferred 3,000 BTC worth $237 million into Coinbase Prime. Metaplanet’s recorded holdings remained unchanged at 43,000 BTC.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

The "New Federal Reserve Newsletter" pointed out that before the release of the CPI, Waller suggested the possibility of a 50-basis-point rate hike in December, and so far, no other Fed officials have publicly responded. In addition to a single 50-basis-point hike, the Fed may also choose to signal consecutive rate hikes in December and January. Wall Street generally believes that inflationary pressures remain stubborn, further strengthening the case for a rate hike in December, though a 50-basis-point increase is not a consensus. The market is concerned about whether the Fed will extend the tightening cycle.

华尔街见闻•2026/11/10 18:25

CPI Deals a Blow to US Bonds! 2-Year Yield Surges Over 20 Basis Points Intraday, Gold and Silver Plunge

After the release of the CPI, traders began to expect a lower likelihood of a 50 basis point rate hike in December; this year’s Federal Reserve voting member Logan stated that a faster pace of rate hikes may be needed this winter, with at least two more 25 basis point hikes required before pausing. Subsequently, the rise in U.S. Treasury yields continued to widen, with the 10-year yield climbing back above 5.0% and rising more than 10 basis points intraday; spot gold once fell over 3%, while spot silver at one point dropped more than 4%.

华尔街见闻•2026/11/10 18:25