EconomyMetaplanet sold 10,000 Bitcoin to bolster its credit profile, then bought back 11,000 at a higher price
Tokyo-listed Metaplanet sold 10,000 BTC for cash in the third quarter to show creditors its reserves could be monetized for debt payments, then repurchased 11,000 at a higher price, ending the quarter with 44,000 BTC. It plans to seek a credit rating and use bonds, preferred stock and Bitcoin-backed financing to invest in higher-yielding assets.
Metaplanet sold 10,000 Bitcoin to bolster its credit profile, then bought back 11,000 at a higher price
Economy