Metaplanet sold 10,000 BTC in Q3 before buying back 11,000 BTC to ‘demonstrate liquidity’
Metaplanet, a prominent institutional holder, significantly adjusted its Bitcoin reserves during the third quarter. The company initially sold 10,000 BTC, then subsequently reacquired 11,000 BTC, resulting in a net increase of 1,000 BTC to its holdings. This strategic move brought Metaplanet's total Bitcoin reserves to an impressive 44,000 BTC. The company explicitly stated that these transactions were executed to "demonstrate liquidity" within their financial operations related to their Bitcoin treasury strategy.
Fuente: The Block
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