Japan's Metaplanet net added 1,000 Bitcoins in Q3, bringing its total holdings to 44,000.
Japanese Bitcoin treasury company Metaplanet (3350) net acquired 1,000 Bitcoins in the third quarter, bringing its total holdings to 44,000 Bitcoins (approximately $3.8 billion) as of September 30. This acquisition followed the company's sale of 10,000 Bitcoins and subsequent repurchase of 11,000 Bitcoins, aimed at demonstrating its liquidity and enhancing its credit profile. Metaplanet also launched a net interest income strategy, planning to invest 10% to 15% of its total assets in preferred securities issued by Bitcoin treasury companies, with the goal of achieving returns higher than its funding costs. The company's option-based Bitcoin income generation business reported third-quarter revenue of $5.4 million, a 51% decrease quarter-over-quarter. Metaplanet's stock closed up 2% on Monday at JPY 297 ($1.88).
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
GFTS Token Analysis: Community Meme Asset and Potential Risks in the Solana Ecosystem
-
2
Musk reposted a tweet stating that Starlink can stream 5 college football games simultaneously on commercial flights.
-
3
Cerebras's pre-market stock rose 6% after OpenAI CEO Altman called Cerebras a "close partner."
-
4
The Deep Integration and Development of USDC with Crypto Lending Platforms
-
5
Cryptocurrency Information Platforms and Software Download Guide: Secure Access to Industry News and Trading Tools
-
6
Regulatory Landscape and Exchange Policies for Virtual Currencies in Mainland China
-
7
Bitcoin Value Deep Dive: Is It Worth Long-Term Investment?
-
8
Bitcoin (BTC): Latest Updates and Market Analysis of Digital Gold
-
9
George Long, founder of LIM Advisors: The company has been established for 30 years, and holds a cautiously optimistic view on Asian markets, precious metals, and Chinese equities.
-
10
Ethereum: Market Impact, Technological Advancements, and Future Outlook
Markets Today
Recommended Reading









