✉news BusinessCrypto first seen 14 h ago, last 11 h ago, peak #21
Metaplanet Sold 10,000 Bitcoin, Then Bought 11,000 Back
Original: Metaplanet Sold 10000 Bitcoin Then Spent Extra to Buy 11000 Back
Japanese bitcoin treasury firm Metaplanet sold 10,000 BTC and then repurchased 11,000, reportedly paying extra in the process. The round-trip trade has drawn criticism and puzzlement from crypto observers, who question why the company did not simply hold its position and why it paid a premium to restore a larger holding. The move puts fresh attention on Metaplanet's treasury strategy amid volatile bitcoin prices.
Why now: The seemingly costly sell-then-rebuy decision is being questioned as odd treasury management during bitcoin market volatility.
Rank over time, top of the chart is #1. 3 snapshots from 14 h ago to 11 h ago.
Evidence
- Metaplanet Sold 10000 Bitcoin Then Spent Extra to Buy 11000 Back · Startup Fortune
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