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Crypto
Strategy\'s STRC push to reclaim $100 par value faces test
Strategy has deployed $635.2 million to return its preferred-type security STRC to its $100 par value, but it is still hovering around $97. With a remaining $364.8 million from a $1 billion buyback pool, investors are watching how much more capital the company will commit. Strategy has funded support with sales of bitcoin and MSTR shares while also resuming bitcoin purchases, as rival bitcoin-linked income securities expand and competition for investor demand increases.
Crypto
Japan\'s Metaplanet moves 2,400 bitcoin again to Coinbase, CEO says not for sale
Japanese investment firm Metaplanet transferred 2,400 bitcoin worth about $186 million to Coinbase Prime on Aug. 31, local time. The move was the third large transfer in a week, split into six transactions over three hours. Metaplanet also moved 1,000 bitcoin on Aug. 25 and 1,350 on Aug. 28. The CEO denied the transfers were for selling, calling them custody management moves and saying holdings remain 43,000 bitcoin.
Crypto
Japan\'s Metaplanet moves $237 million of bitcoin to Coinbase, selling speculation spreads
Japan\'s bitcoin treasury company Metaplanet moved about $237 million worth of bitcoin to Coinbase Prime, prompting speculation it may be preparing to sell part of its holdings. The transfer took place as bitcoin\'s upward momentum has recently slowed. Metaplanet has steadily accumulated bitcoin, but the large move differed from its prior pattern. The company has not given a detailed reason, and the market is watching for follow-up actions such as additional transfers or changes in holdings.
