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Metaplanet Becomes The Second-Largest Bitcoin Corporate Holder In Asia After Buying Another $10 Million In BTC ⋆ ZyCrypto
The post Metaplanet Becomes The Second-Largest Bitcoin Corporate Holder In Asia After Buying Another $10 Million In BTC ⋆ ZyCrypto appeared on BitcoinEthereumNews.com. Advertisement     Japanese firm Metaplanet has acquired an additional $10 million in Bitcoin (BTC), bringing its total holdings of the flagship crypto to over $1,000 as it continues with its October BTC shopping spree. The Tokyo-based company has purchased 156.78 BTC for approximately $10.4 million, bringing its total holdings to 1,108 ($68.8 million), it announced on Monday. The holdings were accumulated at an average price of 9.4 million Japanese yen per Bitcoin, or $61,629. Metaplanet CEO Simon Gerovich celebrated the publicly-listed company’s latest Bitcoin milestone on X. Gerovich posited: “Metaplanet_JP now owns more than 1000 BTC, making it one of the largest corporate holders of Bitcoin in Asia.” When asked by an X user if the company would continue purchasing Bitcoin, the Metaplanet boss responded positively with “always and forever,” suggesting more Bitcoin purchases in the future. Advertisement   Bitcoin’s price climbed 1.8% over the last 24 hours, reaching $68,751, according to CoinGecko. Meanwhile, the new acquisition has helped bump the company’s stock prices. Shares spiked 8% on Monday and are currently changing hands at 1,150 yen, according to Google Finance data. The company’s stock price has soared 15% during the past month and an impressive 600% on a year-to-date basis. Bitcoin As A Strategic Reserve Asset Dubbed “Asia’s answer to MicroStrategy,” Metaplanet is positioning itself as the “pioneer in the adoption of digital assets in Japan,” which adopted Bitcoin as a strategic reserve asset and a hedge against Japan’s debt burden in May. It started buying BTC in April, with the first tranche of 117.7 BTC, or $7.19 million at the time. Since then, Metaplanet has increased its total Bitcoin holdings through acquisitions financed by capital market activities and operational income. Metaplanet is now the second-largest holder among publicly-traded Asian firms after Chinese firm Boyaa Interactive International, which…
The post Metaplanet Becomes The Second-Largest Bitcoin Corporate Holder In Asia After Buying Another $10 Million In BTC ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
Advertisement Japanese firm Metaplanet has acquired an additional $10 million in Bitcoin (BTC), bringing its total holdings of the flagship crypto to over $1,000 as it continues with its October BTC shopping spree. The Tokyo-based company has purchased 156.78 BTC for approximately $10.4 million, bringing its total holdings to 1,108 ($68.8 million), it announced on Monday. The holdings were accumulated at an average price of 9.4 million Japanese yen per Bitcoin, or $61,629. Metaplanet CEO Simon Gerovich celebrated the publicly-listed company’s latest Bitcoin milestone on X. Gerovich posited: “Metaplanet_JP now owns more than 1000 BTC, making it one of the largest corporate holders of Bitcoin in Asia.” When asked by an X user if the company would continue purchasing Bitcoin, the Metaplanet boss responded positively with “always and forever,” suggesting more Bitcoin purchases in the future. Advertisement Bitcoin’s price climbed 1.8% over the last 24 hours, reaching $68,751, according to CoinGecko. Meanwhile, the new acquisition has helped bump the company’s stock prices. Shares spiked 8% on Monday and are currently changing hands at 1,150 yen, according to Google Finance data. The company’s stock price has soared 15% during the past month and an impressive 600% on a year-to-date basis. Bitcoin As A Strategic Reserve Asset Dubbed “Asia’s answer to MicroStrategy,” Metaplanet is positioning itself as the “pioneer in the adoption of digital assets in Japan,” which adopted Bitcoin as a strategic reserve asset and a hedge against Japan’s debt burden in May. It started buying BTC in April, with the first tranche of 117.7 BTC, or $7.19 million at the time. Since then, Metaplanet has increased its total Bitcoin holdings through acquisitions financed by capital market activities and operational income. Metaplanet is now the second-largest holder among publicly-traded Asian firms after Chinese firm Boyaa Interactive International, which…
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