Unchained·BTC
Metaplanet Sells and Rebuys Its Bitcoin in a Bid for a Credit Rating
The Tokyo-listed bitcoin treasury company says the round trip was meant to show credit rating agencies and bond investors that it is willing to sell when needed.
Also covered by 5 outlets
- Decrypt ↗Metaplanet Sold 10,000 Bitcoin and Bought Back 11,000 to Prove a Point
- The Block ↗Metaplanet sold 10,000 BTC in Q3 before buying back 11,000 BTC to ‘demonstrate liquidity’
- CryptoPotato ↗Metaplanet Sold 10,000 BTC – Then Bought Back Even More: Here’s Why
- CryptoSlate ↗Metaplanet sold 10,000 Bitcoin in a credit-rating bid, only to buy back 11,000 BTC at a higher price per coin
- Bitcoin Magazine ↗Japanese Bitcoin Treasury Metaplanet Sold BTC Last Quarter To Demonstrate Liquidity
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