Metaplanet Sold 10,000 BTC, Bought Back 11,000 to Prove Its Treasury Is Liquid

Bitcoin

The upgrade of a Apollo-owned retailer highlights the ongoing strength in private credit markets and the ability of companies to deleverage despite high rates. This supports the 'soft landing' narrative, which is a tailwind for risk assets, but also reduces the urgency for Fed rate cuts, potentially capping upside for crypto.

S&P Global upgraded Michaels Cos. to B from B- citing sales growth and debt paydowns.