Anyone actually know what Metaplanet is doing with their treasury strategy long term, or are they just moving bags around hoping number goes up?
They have a clearly stated MicroStrategy-style accumulation thesis, the moving bags around thing is cope from people who can't believe a Japanese company is actually committing to a BTC reserve strategy instead of just dabbling.
Internal wallet shuffle. Until there's an actual transaction with a counterparty, this is just routine treasury management noise.
Anyone actually know what Metaplanet is doing with their treasury strategy long term, or are they just moving bags around hoping number goes up?
They have a clearly stated MicroStrategy-style accumulation thesis, the moving bags around thing is cope from people who can't believe a Japanese company is actually committing to a BTC reserve strategy instead of just dabbling.