Japanese Metaplanet Boosts Bitcoin Holdings: Adds 19.87 BTC to Reach $7.4M in Crypto
The disclosure, made in an April 8, 2024, "Progress of Disclosure" notice, reveals Metaplanet's acquisition of 97.8519 bitcoins, purchased at an average price of ¥10,219,524 per bitcoin. This reveals the company's confidence in Bitcoin's potential as a financial asset
Metaplanet, a prominent investment and consulting firm on the Tokyo Stock Exchange, caused a stir last month by investing ¥1 billion ($6.5 million) in Bitcoin for its corporate treasury. This was not only a significant investment; it represented 30% of the company's current market value, demonstrating Metaplanet's serious dive into crypto.
The disclosure, made in an April 8, 2024, "Progress of Disclosure" notice, reveals Metaplanet's acquisition of 97.8519 bitcoins, purchased at an average price of ¥10,219,524 per bitcoin. This reveals the company's confidence in Bitcoin's potential as a financial asset.
As of May 10, Metaplanet now holds 117.72 bitcoins, obtained for ¥1.2 billion at an average price of ¥10,193,536 per $BTC. Bitcoins, which are now valued at approximately $7,396,560 ($7.397 Million).
