Metaplanet Adds Net 1,000 Bitcoin in Q3, Lifting Holdings…
By Abdelaziz Fathi
AI summary of the source article
Tokyo-listed Metaplanet sold 10,000 Bitcoin for about $789.2 million before buying 11,000 BTC for roughly $948.7 million in Q3, ending the quarter with 44,000 BTC worth approximately $3.8 billion. The round-trip transaction was executed to show rating agencies and credit investors that its crypto holdings offer usable liquidity. CEO Simon Gerovich outlined plans to build a broader Bitcoin financial firm, adopting a Net Interest Income Strategy where 10% to 15% of assets will be allocated to income-producing securities and acquisitions, while options revenue fell 51% quarter-over-quarter to $5.4 million.
Why it matters
The maneuver illustrates how corporate crypto treasury holders are trying to validate digital assets as liquid collateral to improve borrowing terms and secure credit ratings. It also marks Metaplanet's transition from a passive Bitcoin holding vehicle into an active financial services and yield-generating platform.
Key facts
- Metaplanet ended Q3 with 44,000 BTC worth roughly $3.8 billion, with an average acquisition cost basis of $98,454 per Bitcoin.
- The firm sold 10,000 BTC at an average price of $78,925 and repurchased 11,000 BTC at $86,246 to demonstrate reserve liquidity.
- Third-quarter revenue from Metaplanet's Bitcoin options income generation business dropped 51% quarter-over-quarter to $5.4 million.