DecryptJul 02, 06:06 PM
Standard Chartered Offers Institutions Direct Access to USDC
Standard Chartered has become the first Global Systemically Important Bank authorized to offer institutions direct access to mint and redeem Circle’s USDC.
ReadDecryptJul 02, 04:58 PM1 min
Metaplanet Adds 2,823 Bitcoin in Q2 as Buying Pace Slows
Metaplanet added 2,823 Bitcoin during the second quarter, bringing its holdings to 43,000 BTC. The Japanese firm has increasingly used debt rather than equity to fund purchases while its position trades below its cost basis.
What happened?
Metaplanet added 2,823 Bitcoin during the second quarter, bringing its holdings to 43,000 BTC. The Japanese firm has increasingly used debt rather than equity to fund purchases while its position trades below its cost basis.
Why it matters
The firm’s Bitcoin position now sits well below its cost basis. That gap highlights the balance-sheet pressure that can emerge when a company accumulates a volatile asset at higher average prices.
Metaplanet added 2,823 Bitcoin in the second quarter, lifting the Japanese firm’s total holdings to 43,000 BTC. Its buying pace cooled during the period.
The slowdown matters because Metaplanet has built a sizable corporate Bitcoin treasury, making changes in its purchasing and financing strategy relevant to companies considering similar approaches.
The firm’s Bitcoin position now sits well below its cost basis. That gap highlights the balance-sheet pressure that can emerge when a company accumulates a volatile asset at higher average prices.
Metaplanet has also leaned more heavily on debt than equity to continue buying Bitcoin. While this approach can limit shareholder dilution, it adds borrowing obligations as the company maintains exposure to Bitcoin’s price movements.
