Japanese financial firm Metaplanet sold 10,000 Bitcoins to obtain a credit rating and better access to financing, then repurchased 11,000 Bitcoins at an average price approximately 9.3% higher. The company disclosed on October 5 that this move was aimed at demonstrating to potential creditors its management's ability to use its Bitcoin holdings to fulfill debt obligations. In this operation, Metaplanet received JPY 124.7 billion from selling Bitcoin and spent JPY 149.9 billion on repurchasing it, indicating a cost of approximately JPY 11.57 billion to prove its willingness to sell. As of the end of September, the company held 44,000 Bitcoins.