Metaplanet Adds $6.6 Million in Bitcoin to Its Corporate Treasury - Decrypt thumbnail
Metaplanet Adds $6.6 Million in Bitcoin to Its Corporate Treasury - Decrypt
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Metaplanet Adds $6.6 Million in Bitcoin to Its Corporate Treasury The company's Bitcoin holdings have swelled to $24 million, almost 20% of its $125 million market capitalization, according to BitcoinTreasuries.net. Metaplanet, a Japanese investment firm, has announced the acquisition of an addition
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Summary

- 💰 Metaplanet has added $6.6 million in Bitcoin to its corporate treasury, increasing its total Bitcoin holdings to 506.745 BTC.
- 📈 The company's Bitcoin investments now total approximately $31.8 million, representing nearly 20% of its $125 million market capitalization.
- 🏦 The recent purchase of 107.913 BTC was made for 1 billion yen, averaging around $61,932 per Bitcoin.
- 📅 Metaplanet initiated its aggressive Bitcoin buying strategy in April 2024, viewing it as a "strategic pivot" for shareholder value.
- 🔍 The firm’s average purchase price for Bitcoin stands at 9,373,557 yen ($62,712 USD) per BTC.

Top Highlights

  • Metaplanet Adds $6.6 Million in Bitcoin to Its Corporate Treasury The company's Bitcoin holdings have swelled to $24 million, almost 20% of its $125 million market capitalization, according to BitcoinTreasuries.net.
  • Metaplanet, a Japanese investment firm, has announced the acquisition of an additional 107.913 Bitcoin (BTC) for 1 billion yen, equivalent to approximately $6.6 million. The purchase was made at an average price of 9,266,724 yen, or around $61,932, per Bitcoin, according to a press release issued on Tuesday. With this latest purchase, Metaplanet’...
  • Metaplanet began its aggressive Bitcoin purchasing strategy in April 2024, describing the move as a "strategic pivot." At that time, the company’s leadership argued that investing in Bitcoin was "the most valuable thing we can do for our shareholders."

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