Key Takeaways:
- Metaplanet has acquired over 20.2 BTC for $1.2 million, raising its total BTC holdings to 161.3 BTC.
- The purchase is part of a broader plan to invest an additional $6 million in Bitcoin.
- Following the announcement, Metaplanet’s shares rose by 1%.
Metaplanet, a Japanese investment adviser, has purchased over 20.2 BTC for $1.2 million, as part of its plan to expand its bitcoin holdings.
This acquisition is a step towards a broader goal to invest an additional $6 million in BTC, as announced a week prior.
*Metaplanet purchases additional 20.20 $BTC* pic.twitter.com/4tCRWAc2an
— Metaplanet Inc. (@Metaplanet_JP) July 1, 2024
The purchase raises Metaplanet’s total BTC holdings to 161.3 BTC.
The announcement, posted on its website and social media, came after the Tokyo Stock Exchange closed.
JUST IN: 🇯🇵 Metaplanet buys an additional 20 #Bitcoin bringing the total in their corporate treasury to over 161 BTC 👀🙌 pic.twitter.com/XyYiLXFlXM
— Bitcoin News (@BitcoinNewsCom) July 1, 2024
Metaplanet’s investment strategy, influenced by post-Covid changes in the investment landscape, resembles that of MicroStrategy, a U.S.-based software developer that holds over 226,000 BTC.
JUST IN: 🇯🇵 Japanese public company Metaplanet buys another ¥200 million worth of #Bitcoin pic.twitter.com/RSBQ4zQzSe
— Bitcoin Magazine (@BitcoinMagazine) July 1, 2024
Following the announcement, Metaplanet’s shares increased by 1%.
About The Author
Victor Fawole, a seasoned Web3 content creator and social media influencer, excels in bringing the pulse of the crypto world to our readers.
With a keen eye for emerging trends and a talent for engaging storytelling, Victor’s articles offer a fresh perspective on the ever-evolving digital currency landscape.
Check Victor out on:
