Metaplanet turns to Bitcoin leverage for $500M buyback after stock value slips below BTC stash

4 months ago 240

Metaplanet’s market-based net asset value (mNAV) fell to 0.88 last week, prompting the Tokyo-listed Bitcoin treasury firm to launch the Bitcoin-backed share buyback.

Read Entire Article

Metaplanet turns to Bitcoin leverage for $500M buyback after stock value slips below BTC stash

Related

Bitcoin Tests $72k: Is This a Massive Breakout or a Bull Tra...

IREN to expand processing capacity by 50%, prepares at-the-m...

A piece of Hollywood history: Gorgeous Palm Springs estate o...

Trending

Popular

CFTC expands payment stablecoin criteria to include national...

Strategy to initiate a bitcoin security program addressing q...

Broad-based bitcoin accumulation emerges after sharp capitul...

Cathie Wood’s ARK dumps $17M in Coinbase stock as shares fal...

More companies than usual are beating Wall Street’s expectat...

Over 23% of traders now expect interest rate cut at next FOM...

Crypto’s stress test hits balance sheets as Bitcoin, Ether c...

Galaxy Digital shares jump 18% after company approves $200 m...

Why normalization of digital asset treasuries is the next bi...

Tesla’s stock rallies to end a rough week