Metaplanet Sold 10,000 Bitcoin, Then Bought 11,000 Back. Here’s Why
Metaplanet disclosed that it sold 10,000 BTC during the third quarter for roughly $790 million before buying 11,000 BTC for around $950 million. The company says the exercise was designed to demonstrate that its Bitcoin treasury can provide liquidity when required, while leaving it with a net increase of 1,000 BTC.
Key Takeaways
- Metaplanet disclosed that it sold 10,000 BTC during the third quarter for roughly $790 million before buying 11,000 BTC for around $950 million.
- The company says the exercise was designed to demonstrate that its Bitcoin treasury can provide liquidity when required, while leaving it with a net increase of 1,000 BTC.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from NewsBTC. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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