According to Decrypt, Metaplanet sold 10,000 Bitcoin and later bought back 11,000 of them. The company said it acted in response to questions from rating agencies about whether it would sell Bitcoin assets when contractual obligations come due. CEO Simon Gerovich stated, “We answered by doing it.” The purchase of the higher amount—11,000 coins—was made after the initial sale. No details were provided regarding timing beyond the sequence of selling followed by repurchasing. The move appears intended to show compliance with external inquiries about future liquidity or redemption obligations related to Bitcoin holdings.
