Metaplanet sold 10,000 BTC and subsequently bought 11,000 BTC during the third quarter, using the unusual round trip to demonstrate that its bitcoin treasury can be converted into cash when needed.
The SEC approved Cboe BZX listings for 3x Bitcoin and Ether products from Volatility Shares, giving traders triple daily exposure through futures.
VanEck's Matthew Sigel says Bitcoin could reach $500,000 if its market value rises toward half of gold's, potentially this cycle or the next.
On Oct. 2, the agency approved a Cboe BZX rule change to allow six ETFs issued by Volatility Shares, each aiming to deliver three times the daily return of the underlying asset. Besides bitcoin and ether, the lineup covers gold, silver, crude oil and natural gas.
Metaplanet's strategic Bitcoin transactions aim to enhance creditworthiness, potentially broadening access to diverse capital markets. Metaplanet boosts Bitcoin holdings to 44,000 BTC after third-quarter trades.
The Japanese firm sold 10,000 BTC before buying 11,000 BTC, demonstrating liquidity as it seeks recurring income from preferred securities.
Metaplanet has revised its capital allocation policy to keep 85% to 90% of its assets in Bitcoin while setting aside up to 15% for investments that can generate recurring income. According to an Oct.
The company added 1,000 BTC net in the third quarter after selling and repurchasing Bitcoin, and introduced a strategy aimed at generating recurring income.
Metaplanet expands its Bitcoin treasury strategy while adding income assets and tighter capital allocation rules.
A stronger dollar and rising bond yields are testing bitcoin's resilience as fiscal concerns in France and political uncertainty in Spain weigh on the euro.
A weak September jobs report took a rate hike off the table, but bitcoin is still stuck below $87,000, with FOMC minutes due Wednesday.
Examining the impact of Bitcoin OGs moving 1,346 BTC after 13 years of dormancy.