To demonstrate that its Bitcoin holdings could be converted to cash if needed, Japanese company Metaplanet sold 10,000 $BTC and then bought back 11,000 $BTC.
Metaplanet, a Japan-based Bitcoin treasury company, has revealed details of an unusual transaction it conducted in the third quarter of 2026. During this period, the company sold 10,000 Bitcoin and then bought 11,000 $BTC, adding a net 1,000 Bitcoin to its reserves.
Metaplanet’s total Bitcoin holdings reached 44,000 $BTC by the end of the quarter. The company stated that the primary purpose of the transaction was to demonstrate that the Bitcoins on its balance sheet could be converted into cash if needed. A structure was tested where the resulting liquidity could be used to pay off company bonds, debts, and other financial obligations.
