Metaplanet sold 10,000 Bitcoin in a credit-rating bid, only to buy back 11,000 BTC at a higher price per coin

Metaplanet sold 10,000 Bitcoin and later bought back 11,000 BTC at a higher price to strengthen its credit profile during the third quarter. The Tokyo-listed company converted enough Bitcoin into cash to exceed its outstanding debt and subsequently rebuilt its position.

Sources

• CryptoSlate — Metaplanet sold 10,000 Bitcoin in a credit-rating bid, only to buy back 11,000 BTC at a higher price per coin

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