“Hoarding coins and doing nothing” still costs money: Japanese-listed company Metaplanet sold 10,000 $BTC for about ¥124.7 billion, then bought back 11,000 at a higher average price, spending about ¥149.9 billion. In a filing disclosed on October 5, the company explained that the move was intended to secure a credit rating and broaden its financing options—convincing potential creditors that it could convert its Bitcoin into cash to meet its repayment obligations when needed, even though its shareholders are drawn to its Bitcoin-hoarding strategy. This “proof” came at a considerable cost: an extra ¥25.2 billion. (Source: CryptoSlate)

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