
Metaplanet sold 10,000 BTC and bought back 11,000 at a higher price in credit-rating bid
- —Metaplanet sold 10,000 BTC for ¥124.7 billion and bought 11,000 BTC for ¥149.9 billion
- —It paid about 9.3% more per coin, a difference of roughly ¥11.57 billion
- —The company held 44,000 BTC as of Sept. 30
- —As of June 30 it had ¥67.49 billion in short-term borrowings against ¥1.09 billion in cash
Why it matters: Corporate Bitcoin treasuries face debt repayment schedules that do not align with Bitcoin's eventual price.
Source: CryptoSlate