Metaplanet sold 10,000 $BTC then bought back 11,000 $BTC at 9.3% higher price just to "show liquidity" for credit ratings 🤔
CEO said on Aug 13: "No Bitcoin sold"
New announcement conveniently skips the sale date
Was the 9.3% premium worth flexing liquidity to rating agencies?
This is either 4D chess treasury management or expensive theater. Corporate $BTC playbook getting wild.
CEO said on Aug 13: "No Bitcoin sold"
New announcement conveniently skips the sale date
Was the 9.3% premium worth flexing liquidity to rating agencies?
This is either 4D chess treasury management or expensive theater. Corporate $BTC playbook getting wild.
