Japanese Bitcoin Treasury Metaplanet Sold BTC Last Quarter To Demonstrate Liquidity
BTC when published $86,103Now $80,595 ▼ −6.40% since it was published
The second largest corporate holder of bitcoin sold 10,000 BTC before buying back 11,000 coins to “strengthen confidence” in the company, it said on Monday. It may have sold some of its stash last quarter, but Japanese bitcoin giant Metaplanet has said it was just to demonstrate to investors that it could if it wanted to. In a filing Monday, the Tokyo Stock Exchange-listed firm said that it bought a total of 1,000 bitcoin in the third quarter of this year — landing it a spot as the second biggest bitcoin treasury.
First reported by Bitcoin Magazine. This page is a short excerpt; the full text is theirs.
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