Metaplanet, a Japanese-listed company, sold 10,000 BTC in the third quarter for approximately $790 million, before repurchasing 11,000 BTC for around $950 million. The operation demonstrated the liquidity of its Bitcoin treasury while ending with an additional 1,000 BTC. The company now holds a total of 44,000 BTC. Proceeds from the sale exceeded the outstanding principal of its bonds and other interest-bearing liabilities. Metaplanet also plans to allocate approximately 10% to 15% of its assets to strategic investments outside Bitcoin.
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