Metaplanet Sold Bitcoin in Q3 to Demonstrate Liquidity to Investors
Metaplanet sold 10,000 BTC and bought 11,000 BTC in Q3, aiming to show it can liquidate assets while boosting its holdings.
Metaplanet sold 10,000 BTC and bought 11,000 BTC in Q3, aiming to show it can liquidate assets while boosting its holdings.
Bitcoin treasury firm Strategy posted a quarterly profit after bitcoin's rally produced $21 billion in paper gains.
Bitcoin trades around $86,000 after failing to break resistance at $87,334. Buyers need to reclaim that level, while sellers aim to push below $85,878.
Yields held near 5.28% as the dollar firmed; the euro was hurt by French fiscal concerns, and most European stocks rose.
MicroStrategy bought 334 BTC for $28.7 million while spending $176.3 million on stock buybacks the same week.
Machi Big Brother won 12 consecutive trades on Pump.fun, making $2.14 million, but his Hyperliquid account remains $22.8 million in the red overall.
Metaplanet updated its investment policy, allowing up to 15% of assets outside Bitcoin, while its stock market value trails its coin holdings.
Bitcoin ended Friday lower despite a soft NFP report, then recovered over the weekend. Focus remains on US-Iran talks.
Saylor shares volatility data: Bitcoin at 39% (matching Nvidia), Strategy stock at 94%, preferred STRC at 9%.
ETF inflows into Bitcoin gave a strong September price boost, but the pace of new money slowed late in the month, casting doubt on continued momentum.
Robert Kiyosaki calls himself a 'financial prepper' and urges holding gold, silver, and bitcoin as inflation hedges, despite prices lagging his targets.
Peter Schiff argues MicroStrategy has lost its ability to fund Bitcoin purchases via its Stretch preferred stock issuance channel.
Japan's Thursday data will show if others followed a fund's exit from French bonds, with possible ripples into Bitcoin.
Bitcoin faces thin liquidity, cooling ETF demand, Iran war risks, and a looming Mt. Gox deadline in October.
Cathie Wood says the dollar is stronger than investors think and may surge, citing a Fed index showing it 44% above the long-term average.