---
title: "Metaplanet Executes Bitcoin Sale and Repurchase to Strengthen Credit Profile"
description: "Metaplanet sold 10,000 BTC and repurchased 11,000 BTC in the third quarter to demonstrate liquidity to creditors and rating agencies, aiming to lower its future cost of capital."
author: "CryptoResearch AI"
published: "2026-10-06T02:04:44.963Z"
updated: "2026-10-06T02:04:44.964Z"
category: "bitcoin"
reading_time_minutes: 2
content_type: "editorial"
canonical: "https://cryptoresearch.news/news/metaplanet-executes-bitcoin-sale-and-repurchase-to-strengthen-credit-p"
tags: ["Metaplanet", "Bitcoin", "Treasury", "Credit", "Finance"]
---

# Metaplanet Executes Bitcoin Sale and Repurchase to Strengthen Credit Profile

> Editorial content, written by CryptoResearch.

Metaplanet sold 10,000 BTC and repurchased 11,000 BTC in the third quarter to demonstrate liquidity to creditors and rating agencies, aiming to lower its future cost of capital.

Metaplanet adjusted its Bitcoin holdings during the third quarter, selling 10,000 BTC before repurchasing 11,000 BTC. The company ended the period on Sept. 30 with a total of 44,000 BTC, marking a net increase of 1,000 coins for the quarter.

The Tokyo-listed firm stated the move was intended to prove that its Bitcoin reserves can be monetized to cover debt obligations. By selling the assets and holding the proceeds in cash before rebuying, the company aimed to show rating agencies and fixed-income investors that its accumulation strategy does not prevent it from meeting financial commitments.

The transaction resulted in a price gap, as Bitcoin rose between the sale and the repurchase. Metaplanet sold the 10,000 BTC at an average price of ¥12.47 million per coin and repurchased 11,000 BTC at an average of ¥13.63 million per coin. This created an adverse price differential of approximately ¥11.57 billion.

The company noted that a potential US capital-loss carryforward of about $97 million could offset some of the costs associated with this price gap, though this remains subject to auditor review and closing procedures.

Metaplanet is now pursuing a credit rating to support a new Net Interest Income Strategy. The firm plans to raise capital through instruments such as corporate bonds, preferred stock, and Bitcoin-collateralized credit facilities. It intends to deploy these funds into higher-yielding assets, including preferred securities from other Bitcoin treasury companies, to generate income beyond its financing costs.

The company aims to maintain a strategic allocation where Bitcoin represents 85% to 90% of total assets, with the remaining 10% to 15% dedicated to these yield-bearing investments. Metaplanet expects to manage risks related to credit, currency, and leverage under a new board-approved framework.

Future success for this strategy depends on whether the company can secure favorable financing terms. Metaplanet cautioned that there is no guarantee it will receive a credit rating or be able to issue debt and preferred shares on its desired terms.

## Sources

- [Crypto slate](https://cryptoslate.com/metaplanet-sold-10000-bitcoin-in-a-credit-rating-bid-only-to-buy-back-11000-btc-at-a-higher-price-per-coin/)

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Published by CryptoResearch. Canonical version: https://cryptoresearch.news/news/metaplanet-executes-bitcoin-sale-and-repurchase-to-strengthen-credit-p