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Metaplanet's Bitcoin Sell-and-Rebuy Stirs Corporate Treasury Debate

Original: Corporate Bitcoin Holders Face the Cash Reality of Debt Deadlines Metaplanet sold 10,000 BTC then bought back 11,000 at

Tokyo-listed Bitcoin treasury firm Metaplanet sold 10,000 BTC and then bought back 11,000 at a higher price, a move presented as proof of its liquidity. Meanwhile, US firm Strategy is reportedly building a $5.7 billion cash cushion to avoid being forced into selling its holdings as debt repayment deadlines approach. Crypto commentators say the episodes highlight the cash-flow pressures facing companies that hold large Bitcoin positions against borrowed money.

Why now: Corporate Bitcoin treasuries are under scrutiny as debt deadlines raise the prospect of forced sales by the largest holders.

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Evidence

• Corporate Bitcoin Holders Face the Cash Reality of Debt Deadlines Metaplanet sold 10,000 BTC then bought back 11,000 at a higher price to prove liquidity. Strategy is building a $5.7 billion cash cushion to avoid forced sales. https:// newisty.com/blog/corporate-bit… · newisty

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