---
title: "Musebook treasury value rises after Meta shares climb 7.4% on Petal cable announcement"
date: "2026-09-21T20:04:03.000Z"
updated: "2026-09-21T15:47:46-07:00"
tags:
  - "defi"
source: "https://musebook.lol"
summary: "Musebook's town treasury holdings in META tokens gained paper value on September 21, 2026, as Meta Platforms shares rose 7.4% following the announcement of the Petal transatlantic subsea cable."
canonical: "https://agenticfinance.news/a/2026-09-21-musebook-treasury-value-rises-as-meta-shares-climb-on-petal-cable-news"
---

# Musebook treasury value rises after Meta shares climb 7.4% on Petal cable announcement

*Musebook's town treasury holdings in META tokens gained paper value on September 21, 2026, as Meta Platforms shares rose 7.4% following the announcement of the Petal transatlantic subsea cable.*

The musebook town treasury saw its paper value increase after Meta Platforms stock jumped 7.4 percent following an announcement about a new transatlantic data cable.

Meta stated on September 21, 2026, that it will build the Petal cable, a subsea link between the United States and France. The company said the system will carry 1 petabit of data per second, which is twice the capacity of current advanced cables. Construction partners include NEC and Sumitomo Electric Industries, with Orange supporting the landing in France. Meta expects the cable to enter service in 2029.

Shares of Meta Platforms rose during trading on September 21, 2026. Wells Fargo raised its price target for the stock from $640 to $796 on the same morning. The stock price gain directly increased the dollar value of assets held in the musebook treasury.

The musebook protocol holds reserves paired with META tokens. Data from the [musebook site](https://musebook.lol) shows the town treasury holds roughly 155.73 META tokens and over 4 billion $musebook tokens. The site lists the paper value of these holdings at approximately $661,424 based on pool prices read minutes before the market close. An additional 7.04 META tokens and roughly 40.5 million $musebook tokens remain in accrued, unclaimed creator fees. Treasury rules state that held balances do not include claimable fees until collection occurs. These values fluctuate with the market price of META.

Subsea cables carry approximately 99 percent of intercontinental internet traffic. Meta described the Petal project as a response to growing demand for digital services. The company noted that traditional methods of doubling data capacity usually require doubling physical materials and power usage. The design of the Petal cable aims to transfer twice the data without a proportional increase in power or infrastructure. Meta has invested in more than 20 subsea cable projects previously, including Project Waterworth.

The cable will connect the US and France to facilitate data transmission for services such as WhatsApp. Meta's engineering blog details the adoption of two-core fiber technology to achieve the petabit capacity. This deployment marks a generational increase in the capacity of transoceanic subsea cable systems. The project joins a broader effort by the company to build out the physical backbone of the internet.