Metaplanet Sold 10,000 BTC, Then Bought Back 11,000
• Q3: sold 10,000 BTC for ~$790M, bought 11,000 back for ~$950M; holdings now 44,000 BTC
• Stated aim: show liquidity to credit-rating agencies
• The sale covered all its debt, yet it kept the debt and rebought at a higher average price per coin
My view: smart optics, costly execution. Paying up to prove a point is a real cost for shareholders, even if it opens bond and preferred-share financing.
Not financial advice. DYOR.
$BTC
• Q3: sold 10,000 BTC for ~$790M, bought 11,000 back for ~$950M; holdings now 44,000 BTC
• Stated aim: show liquidity to credit-rating agencies
• The sale covered all its debt, yet it kept the debt and rebought at a higher average price per coin
My view: smart optics, costly execution. Paying up to prove a point is a real cost for shareholders, even if it opens bond and preferred-share financing.
Not financial advice. DYOR.
$BTC