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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Metaplanet reportedly sold 10,000 BTC in an effort to improve its credit rating, then repurchased 11,000 BTC at a higher per-coin price. The move increased its Bitcoin holdings by 1,000 BTC but likely raised the cost basis for the reacquired coins. It highlights the trade-off between pursuing stronger credit metrics and maintaining efficient exposure to Bitcoin’s price.
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