Metaplanet sold 10,000 BTC and repurchased 11,000 coins at a 9.3% higher price, creating a cost difference of approximately 11.57 billion yen on the replaced coins. The Japanese company received 124.7 billion yen from the sale and spent 149.9 billion yen on the repurchase, demonstrating its willingness to sell Bitcoin to reassure creditors and improve access to financing. The firm held 44,000 BTC at the end of September but had short-term borrowings of 67.49 billion yen against only 1.09 billion yen in cash. Strategy, another corporate Bitcoin giant with 848,000 BTC, has built a 5.71 billion dollar cash reserve to avoid being forced to sell during market downturns. These examples illustrate that companies holding Bitcoin on their balance sheets must manage financing deadlines that can require selling coins, even while maintaining long-term conviction in the asset.
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