As MicroStrategy Buys Bitcoin, These Guys Are Buying Too: Japanese Giant Buried Money Again! - Coin Bulletin

robot
Abstract generation in progress

Japanese investment company Metaplanet has increased its total assets to 2,235 BTC by purchasing an additional Bitcoin worth 12.9 million dollars.

Tokyo-based investment firm Metaplanet continues its Bitcoin (BTC) accumulation strategy unabated by purchasing an additional 135 BTC for $12.9 million. The company made this purchase at an average price of **$195,951 per BTC(, spending a total of 1.9 billion yen.

Bitcoin accumulation strategy continues

Metaplanet, within the framework of the Bitcoin accumulation strategy announced in April, identified BTC treasury operations as the main business line in December. The company aims to reach 10,000 BTC by the end of the year and 21,000 BTC by the end of 2026.

With the latest purchase, Metaplanet's total Bitcoin holdings have risen to 2,235 BTC. This growth is noteworthy, considering that the company has 1,761 BTC at the end of 2023 and only 141 BTC** in June 2024.

Metaplanet's shares were down 1.3% by midday on Tuesday in Japan but were still trading in the second half of the day. Despite this, the company's shares have gained 67.5% since the beginning of the year and 233.7% in the last year.

BTC-0.15%
ALD-1.09%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)