BitcoinArchive’s post claims Metaplanet bought 1,000 BTC worth about $86 million, bringing its holdings to 44,000 BTC, then valued at about $3.78 billion. It says the 10,000 BTC sale and repurchase demonstrated liquidity. BitcoinArchive’s post

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BitcoinArchive’s post claims Metaplanet bought 1,000 BTC worth about $86 million, bringing its holdings to 44,000 BTC, then valued at about $3.78 billion. It says the 10,000 BTC sale and repurchase demonstrated liquidity. BitcoinArchive’s post

More precisely, CEO Simon Gerovich said Metaplanet sold 10,000 BTC, held cash exceeding the principal of its bonds, borrowings and other interest-bearing debt, then bought back 11,000 BTC. That made the net increase 1,000 BTC, and the company reported holding 44,000 BTC on September 30. Gerovich’s update CoinDesk also reported those figures. CoinDesk

BTC traded near $86,000 around the post, consistent with the $86 million estimate; the $3.78 billion figure is the post’s valuation estimate. Contemporaneous BTC quotes

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