Key Takeaways
- Metaplanet acquired $1.2 million price of Bitcoin.
- That is Metaplanet’s sixth Bitcoin buy within the final 4 months.
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Metaplanet, the Japanese public firm usually in comparison with MicroStrategy, has bought 21.88 Bitcoin (BTC), price 200 million Japanese Yen ($1.2 million), the corporate shared in a Monday submit. The most recent acquisition brings its complete BTC holdings to 225.6 BTC, valued at over $14.5 million.
*Metaplanet purchases further 21.88 $BTC* pic.twitter.com/zCXzKFudog
— Metaplanet Inc. (@Metaplanet_JP) July 16, 2024
The acquisition follows the current one made final week when the corporate introduced it added ¥400 million price of Bitcoin to its portfolio. The typical buy worth per Bitcoin is round $62,800, Metaplanet famous.
Metaplanet has steadily acquired extra BTC since April this yr. The corporate has made Bitcoin its principal treasury reserve asset, with the aim of maximizing shareholder worth by strategic, perpetual Bitcoin accumulation.
Metaplanet’s Bitcoin-centric technique is just like different main corporations like MicroStrategy. As of July 15, MicroStrategy holds 226,331 BTC, price round $14,6 billion, in line with BitcoinTreasuries.internet.
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