Bitcoin

April

Billion

Metaplanet Inc., a top Japanese investment firm, has made a major move into the cryptocurrency market. The company revealed a ¥1 billion ($6.5 million) Bitcoin investment. This investment represents 30% of its market value, showing Metaplanet’s strong confidence in Bitcoin as a key asset. 
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 On April 22, 2024, Metaplanet completed its initial purchase of 97.85 bitcoins at an aggregate purchase price of JPY 1 billion <a href="https://t.co/pzGybyCtcD" target="_blank" data-wpel-link="external">pic.twitter.com/pzGybyCtcD</a>— Metaplanet Inc. (@Metaplanet_JP) <a href="https://twitter.com/Metaplanet_JP/status/1782988950816301393?ref_src=twsrc%5Etfw" target="_blank" rel="noopener" data-wpel-link="external">April 24, 2024</a>
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Metaplanet’s “Progress of Disclosure” notice announced plans to <a href="https://www.cryptotimes.io/2024/04/09/metaplanet-shares-rise-as-japanese-firm-buys-bitcoin-holdings/" data-wpel-link="internal">acquire</a> Bitcoins in April. This strategic acquisition reflects the company’s adaptive approach in a rapidly evolving financial landscape and its readiness to invest in what it sees as a durable asset class. 
Trading on the Tokyo Stock Exchange, Metaplanet’s substantial commitment to Bitcoin marks a pivotal shift in its financial strategy.&nbsp; 
This initiative not only diversifies its portfolio but also underscores its dedication to integrating innovative technologies into its broader business operations. The move has significant implications for its financial direction and investor relations. 
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 Also&nbsp; read: <a href="https://www.cryptotimes.io/2024/04/11/microstrategy-faces-1-92b-loss-from-short-sellers-in-crypto/" data-wpel-link="internal">MicroStrategy Faces $1.92B Loss from Short Sellers in Crypto</a> 
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Japanese Firm Metaplanet Buys 97.85 Bitcoins Following Footsteps of Microstrategy

The Crypto Times

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