Bitcoin · Japan · Strategy · The Block
Metaplanet sold 10,000 BTC in Q3 before buying back 11,000 BTC to ‘demonstrate liquidity’
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Japanese bitcoin treasury firm Metaplanet (MTPLF) sold 10,000 BTC for ¥124.7 billion ($790 million) before buying back 11,000 BTC for ¥149.9 billion ($950 million) during the third quarter, bringing its total holdings to 44,000 BTC after a net increase of 1,000 BTC.
Key facts
- Japanese bitcoin treasury firm Metaplanet (MTPLF) sold 10,000 BTC for ¥124.7 billion ($790 million) before buying back 11,000 BTC for ¥149.9 billion ($950 million) during the third quarter, bringing
- It made ¥1.75 billion ($11.1 million) in Q2 and ¥5.57 billion ($35.3 million) over the first nine months of 2026
- Meanwhile, Metaplanet's bitcoin income generation business, which involves the use of bitcoin options to generate recurring operating revenue, brought in ¥848.4 million ($5.4 million) in the third
- The revised policy keeps about 85% to 90% of the firm's assets in bitcoin
Summary
The proceeds generated from the 10,000 BTC sale were more than the outstanding principal of its bonds, borrowings, and other interest-bearing liabilities, the firm said on Monday. Metaplanet sold the bitcoin below its acquisition cost, creating a capital loss for U.S. tax purposes. Metaplanet's total holdings makes it the second-largest public bitcoin treasury company after Michael Saylor's Strategy, according to Bitcoin Treasuries data. Metaplanet also unveiled a new net interest income strategy on Monday that will use capital raised from perpetual preferred stock, corporate bonds ("BitBonds"), and a bitcoin-collateralized credit facility.