Crypto
Strategy and Metaplanet take different approaches to their bitcoin holdings
Strategy spent $176.3 million buying back its STRC shares while purchasing just 334 bitcoin for $28.7 million over the week, whereas Japan's Metaplanet added a net 1,000 BTC in the third quarter, bringing its holdings to 44,000 BTC.
Metaplanet sold 10,000 BTC before buying 11,000 BTC, and unveiled a plan to allocate up to 15% of total assets to strategic investments to fund further bitcoin accumulation.
For beginners Companies holding crypto on their balance sheets choose between buying the asset directly and returning capital to shareholders via buybacks — a decision that changes how exposed they are to the asset's price swings.