Bitcoin is up slightly at $86,198.
BNB is up slightly at $790.
Strategy bought another 334 Bitcoin for about $28 million between September 28th and October 4th, bringing its holdings to a record 848,000 Bitcoins worth roughly $73 billion.
The company has spent about $64 billion on its Bitcoin position, giving it roughly $9 billion in unrealized gains and ownership of about 4% of Bitcoin's maximum 21 million supply.
The latest purchase was funded with about $15 million raised from selling MSTR shares and another $13 million from Strategies cash reserves.
It still has $18 billion of MSTR shares available for issuance under its at-the-market program.
Strategy also repurchased $176 million of STRC preferred shares and used additional cash for preferred dividends and debt interest, leaving it with a $4.8 billion USD reserve and $833 million in USD cash as of October 4th.
well metaplanet sold 10 000 bitcoins for about 790 million dollars in the third quarter then bought back 11 000 bitcoins for roughly 950 million dollars ending the quarter with 44 000 btc and a net increase of 1 000 btc the company said the round trip was designed to demonstrate that its bitcoin holdings are liquid and can be converted to cash if if needed, supporting its push for a credit rating and broader financing options such as bonds and preferred shares.
MetaPlanet estimates it may have created a roughly $97 million deferred U.S. tax asset that could offset future capital gains, although the figure has not yet been audited.
MetaPlanet is now the second largest public Bitcoin treasury company behind Strategy.
Bitcoin is up slightly at $86,198.
BNB is up slightly at $790.
Strategy bought another 334 Bitcoin for about $28 million between September 28th and October 4th, bringing its holdings to a record 848,000 Bitcoins worth roughly $73 billion.
The company has spent about $64 billion on its Bitcoin position, giving it roughly $9 billion in unrealized gains and ownership of about 4% of Bitcoin's maximum 21 million supply.
The latest purchase was funded with about $15 million raised from selling MSTR shares and another $13 million from Strategies cash reserves.
It still has $18 billion of MSTR shares available for issuance under its at-the-market program.
Strategy also repurchased $176 million of STRC preferred shares and used additional cash for preferred dividends and debt interest, leaving it with a $4.8 billion USD reserve and $833 million in USD cash as of October 4th.
well metaplanet sold 10 000 bitcoins for about 790 million dollars in the third quarter then bought back 11 000 bitcoins for roughly 950 million dollars ending the quarter with 44 000 btc and a net increase of 1 000 btc the company said the round trip was designed to demonstrate that its bitcoin holdings are liquid and can be converted to cash if if needed, supporting its push for a credit rating and broader financing options such as bonds and preferred shares.
MetaPlanet estimates it may have created a roughly $97 million deferred U.S. tax asset that could offset future capital gains, although the figure has not yet been audited.
MetaPlanet is now the second largest public Bitcoin treasury company behind Strategy.
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