Q3 holdings: 44,000 BTC, worth $3.8 billion. Metaplanet’s “sell and buy back” move is pretty interesting.
On the surface, it’s demonstrating its liquidity to the market. In reality, it’s paving the way for a newly issued Bitcoin treasury preferred security—in plain English, using its holdings as collateral to keep raising capital and expanding its balance sheet. A scaled-down MicroStrategy playbook, and Asia’s first serious imitator.
They’re getting creative with financial instruments, but the core logic is simple: if BTC goes up, they win. In the long run, they’re a legitimate player locking up coins and supporting the price.
$BTC #Metaplanet
On the surface, it’s demonstrating its liquidity to the market. In reality, it’s paving the way for a newly issued Bitcoin treasury preferred security—in plain English, using its holdings as collateral to keep raising capital and expanding its balance sheet. A scaled-down MicroStrategy playbook, and Asia’s first serious imitator.
They’re getting creative with financial instruments, but the core logic is simple: if BTC goes up, they win. In the long run, they’re a legitimate player locking up coins and supporting the price.
$BTC #Metaplanet
