*Metaplanet (TSE: 3350) Q3 disclosure Oct 5:*
*Sold 10,000 BTC for $789.2M @ $78,925 avg then bought 11,000 BTC for $948.7M @ $86,246 avg net +1,000 BTC → 44,000 BTC total as of Sep 30 (∼$3.8B) cost basis $4.33B @ $98,454* $GTC $RLC $GTC
- *Why sell low / buy high: CEO Simon Gerovich says "exercise to demonstrate liquidity" temporarily held cash in excess of all interest-bearing debt (bonds/borrowings) WITHOUT repaying it — to prove can liquidate instantly → strengthen creditworthiness for future corp bond + preferred share issuance — goal "build leading Bitcoin financial company in Asia", not just stack*
- *New moves same day: Net Interest Income Strategy = allocate 10-15% assets to preferred securities issued by other BTC treasury cos for yield > funding cost — Bitcoin borrowing via collateralized credit capped <10% NAV — most future BTC buys from permanent equity — Project Nova = businesses around BTC reserves via Metaplanet Securities + US Super League Enterprise*
- *Other Q3: Bitcoin Income Generation (options) revenue $5.4M Q3 -51% QoQ -65% YoY, 9M $35.2M 8 consecutive quarters — shares closed Mon +2% 297 yen ($1.88) — 30,823 BTC Oct 2025 → 44k now*
*BREAKING 🚨 Metaplanet proves liquidity: sells 10k BTC $789M @ $78.9k then buys 11k BTC $949M @ $86.2k Q3 💰 Net +1k → 44k BTC $3.8B as of Sep 30 — held cash > total debt to demo credit strength — aims to boost rating for bond/preferred issuance — CEO: goal is leading BTC financial co Asia — new 10-15% allocation to BTC treasury preferreds for yield 📊*
*Sold 10,000 BTC for $789.2M @ $78,925 avg then bought 11,000 BTC for $948.7M @ $86,246 avg net +1,000 BTC → 44,000 BTC total as of Sep 30 (∼$3.8B) cost basis $4.33B @ $98,454* $GTC $RLC $GTC
- *Why sell low / buy high: CEO Simon Gerovich says "exercise to demonstrate liquidity" temporarily held cash in excess of all interest-bearing debt (bonds/borrowings) WITHOUT repaying it — to prove can liquidate instantly → strengthen creditworthiness for future corp bond + preferred share issuance — goal "build leading Bitcoin financial company in Asia", not just stack*
- *New moves same day: Net Interest Income Strategy = allocate 10-15% assets to preferred securities issued by other BTC treasury cos for yield > funding cost — Bitcoin borrowing via collateralized credit capped <10% NAV — most future BTC buys from permanent equity — Project Nova = businesses around BTC reserves via Metaplanet Securities + US Super League Enterprise*
- *Other Q3: Bitcoin Income Generation (options) revenue $5.4M Q3 -51% QoQ -65% YoY, 9M $35.2M 8 consecutive quarters — shares closed Mon +2% 297 yen ($1.88) — 30,823 BTC Oct 2025 → 44k now*
*BREAKING 🚨 Metaplanet proves liquidity: sells 10k BTC $789M @ $78.9k then buys 11k BTC $949M @ $86.2k Q3 💰 Net +1k → 44k BTC $3.8B as of Sep 30 — held cash > total debt to demo credit strength — aims to boost rating for bond/preferred issuance — CEO: goal is leading BTC financial co Asia — new 10-15% allocation to BTC treasury preferreds for yield 📊*
