Metaplanet bought another 1,000 BTC and become 2nd largest corporate Bitcoin holder with 44,000 BTC in total holdings

Metaplanet said the group sold 10,000 BTC for aggregate proceeds of JPY 124.7 billion ($790 million). It then bought 11,000 BTC for JPY 149.896 billion ($950 million). The higher reacquisition price reflected a rise in the market between the two legs, with a net increase of 1,000 BTC in its Bitcoin holdings.

“We converted Bitcoin into cash, exceeding the total outstanding principal of our bonds, borrowings and other interest-bearing debt. We held that cash, then bought back more Bitcoin than we sold,” said CEO Simon Gerovich.