Decrypt • October 5th 2026, 12:04 PM
Metaplanet Sold 10,000 Bitcoin and Bought Back 11,000 to Prove a Point
Key Summary
Metaplanet sold 10,000 Bitcoin and bought back 11,000 to prove a point that it is both able and willing to turn its Bitcoin into cash. The Tokyo-listed treasury company disclosed the move, which produced a U.S. capital loss of $97 million, against which it estimates a deferred tax asset of about $97 million.
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Rating agencies ask if a Bitcoin company will actually sell when obligations fall due. "We answered by doing it," said CEO Simon Gerovich.