2024

United

Bitcoin

Metaplanet, a Tokyo-based investment advisory firm, recently announced the acquisition of an additional 20.195 bitcoins, valued at approximately $1.2 million.&nbsp; 
This purchase at around $63,427 per bitcoin, increases the firm’s total holdings to 161.2677 BTC, now valued at over $10.1 million. This was made after the close of the Tokyo Stock Exchange on Monday to accumulate more bitcoins. 
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 *Metaplanet purchases additional 20.20 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$BTC</a>* <a href="https://t.co/4tCRWAc2an" target="_blank">pic.twitter.com/4tCRWAc2an</a>— Metaplanet Inc. (@Metaplanet_JP) <a href="https://twitter.com/Metaplanet_JP/status/1807656500187316612?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">July 1, 2024</a>
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This investment follows a prior declaration on June 24 by Metaplanet’s board, which approved the use of capital raised through an upcoming bond issuance to acquire bitcoin worth 1 billion yen ($6.3 million). The firm, frequently described as ‘Asia’s MicroStrategy,’ is actively deploying a policy to diversify treasury securities given the high levels of government debt and negative real rates in Japan. 
Metaplanet’s stock traded at 3350, saw an increase of 1%, continuing its positive trend with a gain of over 233% since it began purchasing bitcoin.&nbsp; 
According to Abra, a digital asset prime services platform, there is increasing interest among non-crypto-native businesses, particularly in real estate, to utilize Bitcoin for their treasury or leverage it for financing business needs. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/06/24/metaplanet-inc-to-purchase-6-3m-bitcoin-via-bond-issuance/">Metaplanet Inc. to Purchase $6.3M Bitcoin via Bond Issuance</a> 
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Metaplanet Expands Bitcoin Holdings by Purchasing 20.195 BTC

The Crypto Times

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