[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Compliant Degen [@CompliantDegen](/creator/twitter/CompliantDegen) on x 2196 followers Created: 2025-07-28 05:25:44 UTC X. Balance Sheet Update Given the new BTC acquisition, let’s start with an update to my balance sheet and cash balance tracker after this buy. As many of you know from my last disclosure analysis, I estimated that Metaplanet still had approximately $49.5m of cash on-hand from the MSW exercise disclosure on July XX. Well, it looks like that estimate was spot-on because when you add in the extra $45m to the mix from Evo Fund exercising another 5.4m shares on July XX (more on this later), I calculate that Metaplanet likely has just over $2m of cash left after this purchase of XXX BTC. There were no partial redemptions of the bonds to reduce debt in this most recent capital raise. Also, since the remaining cash balance is relatively small, I suspect it will likely be used for operations or allocated to the derivatives income strategy for continuing to scale the cash-secured put sales, so I'm not using it to calculate an updated forward-looking mNAV at this time. However, judging by today's price action with high volume trading above the MSW exercise price, there's plenty more BTC on the way soon.🚀  XXXXX engagements  **Related Topics** [$495m](/topic/$495m) [acquisition](/topic/acquisition) [balance sheet](/topic/balance-sheet) [bitcoin](/topic/bitcoin) [coins layer 1](/topic/coins-layer-1) [coins bitcoin ecosystem](/topic/coins-bitcoin-ecosystem) [coins pow](/topic/coins-pow) [$mtplf](/topic/$mtplf) [Post Link](https://x.com/CompliantDegen/status/1949702795759608228)
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Compliant Degen @CompliantDegen on x 2196 followers
Created: 2025-07-28 05:25:44 UTC
X. Balance Sheet Update
Given the new BTC acquisition, let’s start with an update to my balance sheet and cash balance tracker after this buy. As many of you know from my last disclosure analysis, I estimated that Metaplanet still had approximately $49.5m of cash on-hand from the MSW exercise disclosure on July XX.
Well, it looks like that estimate was spot-on because when you add in the extra $45m to the mix from Evo Fund exercising another 5.4m shares on July XX (more on this later), I calculate that Metaplanet likely has just over $2m of cash left after this purchase of XXX BTC.
There were no partial redemptions of the bonds to reduce debt in this most recent capital raise. Also, since the remaining cash balance is relatively small, I suspect it will likely be used for operations or allocated to the derivatives income strategy for continuing to scale the cash-secured put sales, so I'm not using it to calculate an updated forward-looking mNAV at this time.
However, judging by today's price action with high volume trading above the MSW exercise price, there's plenty more BTC on the way soon.🚀
XXXXX engagements
Related Topics $495m acquisition balance sheet bitcoin coins layer 1 coins bitcoin ecosystem coins pow $mtplf