Metaplanet, a publicly traded corporation on the Tokyo Stock Exchange, has announced an investment of 23.351 bitcoins, with an average purchase price of 10,706,180 yen per BTC, totaling 250 million yen ($1.6 million). The company now holds 141.0727 bitcoins, with an average purchase price of 10,278,391 yen per BTC, amounting to a total aggregated purchase of 1.45 billion yen. Metaplanet announced its strategic treasury transformation and bitcoin adoption on May 13 after adding BTC worth 1 billion yen to its treasury. This move mirrors the strategy employed by Microstrategy in the U.S. and has been positively received by the market. Since the bitcoin strategy announcement, Metaplanet’s stock price has surged dramatically, rising by approximately 456.25% year-to-date.
Japanese Corporation Metaplanet Acquires More Bitcoin, Stock Price Soars
This article was published more than a year ago. Some information may no longer be current.
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