Metaplanet: Sold 10,000 bitcoins and repurchased 11,000 to prove its liquidity
2026-10-05 20:06:32
CoinMeta data: Metaplanet sold 10,000 bitcoins in the third quarter and repurchased 11,000, to demonstrate to credit rating agencies its ability to convert bitcoins into cash. This operation increased its holdings to 44,000 bitcoins. CEO Simon Gerovich stated that what rating agencies and bond investors are concerned about is whether bitcoins can be converted into cash when needed. Metaplanet demonstrated this through actual transactions. The company's liabilities at the end of the quarter were 122.4 billion yen, and sales revenue amounted to 124.7 billion yen.
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Source:Decrypt
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