Metaplanet Transfers 2,400 BTC to Coinbase, Shares Drop Nearly 10%

Metaplanet, the third-largest corporate holder of Bitcoin, transferred 2,400 BTC to Coinbase Prime. The move triggered a nearly 10% decline in the company's stock price on Monday. Investors are expressing concern over these transfers during a period of falling Bitcoin prices, especially as market maker Wintermute maintains short positions on various crypto assets.