Metaplanet sold 10,000 $BTC
averaging $78,925 and bought 11,000 back averaging $86,246
on purpose. the stated reason for the round trip: to demonstrate liquidity
and Tokyo's own bitcoin treasury put it out on a loud day for Tokyo, #Nikkei225Jumps2.5%ToThreeMonthHigh
the index jumped 2.53% to 70,037.61
Tokyo Electron +5.7%, Advantest +4.5%
chips did the lifting, Topix gained just 1.16%
the headline going around says Metaplanet caps bitcoin borrowing. the policy text says the 10% of BTC NAV line covers the bitcoin-backed loans, while financing for the strategic investment allocation is not subject to it
so less a cap, more a carve-out
not in bitcoin myself right now, no bag to defend here. selling bitcoin to prove you can sell bitcoin: smart, or a tell?
#metaplanet #BitcoinTreasury #Japan
averaging $78,925 and bought 11,000 back averaging $86,246
on purpose. the stated reason for the round trip: to demonstrate liquidity
and Tokyo's own bitcoin treasury put it out on a loud day for Tokyo, #Nikkei225Jumps2.5%ToThreeMonthHigh
the index jumped 2.53% to 70,037.61
Tokyo Electron +5.7%, Advantest +4.5%
chips did the lifting, Topix gained just 1.16%
the headline going around says Metaplanet caps bitcoin borrowing. the policy text says the 10% of BTC NAV line covers the bitcoin-backed loans, while financing for the strategic investment allocation is not subject to it
so less a cap, more a carve-out
not in bitcoin myself right now, no bag to defend here. selling bitcoin to prove you can sell bitcoin: smart, or a tell?
#metaplanet #BitcoinTreasury #Japan
