Metaplanet added 1,000 bitcoin net in the third quarter bringing holdings to 44,000 BTC
Summary
Metaplanet added a net 1,000 BTC in the third quarter, ending September with 44,000 BTC worth about $3.8 billion. It sold 10,000 BTC for roughly $789 million and later bought 11,000 for about $949 million, briefly holding the sale proceeds to demonstrate its ability to cover interest-bearing debt, which remains unpaid. Its holdings have a reported average cost of $98,454 per BTC. The company also launched a strategy targeting investments in preferred securities issued mainly by bitcoin treasury firms, allocating 10%–15% of assets. Revenue from its options-based Bitcoin Income Generation business fell 51% quarter over quarter to $5.4 million in Q3, while nine-month revenue was $35.2 million.
