✉news BusinessCrypto first seen 5 h ago, last 8 min ago, peak #5
Metaplanet Sold 10,000 Bitcoin, Then Bought 11,000 Back
Original: Metaplanet Sold 10,000 Bitcoin for $790 Million, Then Bought 11,000 Back for $950 Million. What Was the Point?
Tokyo-listed Bitcoin treasury firm Metaplanet sold 10,000 Bitcoin for roughly $790 million and then repurchased 11,000 Bitcoin for about $950 million, drawing criticism over the net loss of around $160 million. Observers are questioning the strategy behind the round trip, with some speculating it may relate to hedging, options positioning or derivatives exposure rather than a simple buy-and-hold policy.
Why now: The company's apparent $160 million loss on a sell-then-rebuy Bitcoin trade is baffling investors and fueling debate over treasury firm strategies.
Rank over time, top of the chart is #1. 5 snapshots from 5 h ago to 8 min ago.
Evidence
- Metaplanet Sold 10,000 Bitcoin for $790 Million, Then Bought 11,000 Back for $950 Million. What Was the Point? · Yahoo Finance
- Metaplanet Sold 10,000 Bitcoin for $790 Million, Then Bought 11,000 Back for $950 Million. What Was the Point? · 24/7 Wall St.
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