Bitcoin companies are learning that holding forever takes cash
Metaplanet sold 10,000 BTC and bought back 11,000 at a higher average price to show it was willing to sell its Bitcoin. The Japanese treasury company was pursuing a credit rating and better access to financing, and its Oct. 5 disclosure explained why turning coins into cash was part of that effort. Prospective creditors needed […] The post Bitcoin companies are learning that holding forever takes cash appeared first on CryptoSlate.
Key Takeaways
- Metaplanet sold 10,000 BTC and bought back 11,000 at a higher average price to show it was willing to sell its Bitcoin.
- The Japanese treasury company was pursuing a credit rating and better access to financing, and its Oct.
- 5 disclosure explained why turning coins into cash was part of that effort.
Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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