Bitcoin

Million

Coin

<ul class="news-points"> 
 <li>Metaplanet bought 23.35 BTC at an average price of $68,099 per coin.</li> 
 <li>The company now holds 141.0727 Bitcoins with an average price of $65.4K.</li> 
 <li>The shares of the company rose more than 7% in the last 24 hours.</li> 
</ul> 
Metaplanet, a publicly traded company focused on Bitcoin and listed on the Tokyo Stock Exchange, has purchased an additional 23.35 BTC, bringing its total holdings to 141.0727 BTC, worth $9.62 million based on Bitcoin’s current price of $68,228. 
As per a public <a href="https://contents.xj-storage.jp/xcontents/33500/7a1b93bb/ab2b/4713/abe9/e2ce84dbdd8a/140120240610525851.pdf" target="_blank" rel="nofollow">disclosure</a>, the additional 23.351 BTC were acquired at an average price of 10,706,180 yen ($68,099.33) per Bitcoin, totaling 250 million yen ($1,590,187). 
The company’s total holdings of 141.0727 Bitcoins were acquired at an average price of 10,278,391 yen ($65,378) per Bitcoin, for a total of 1.45 billion yen ($9,223,087). 
In May, Metaplanet designated Bitcoin as a <a href="https://contents.xj-storage.jp/xcontents/33500/78d457c2/7534/4ed6/abe3/90f046c452cf/140120240510590390.pdf" target="_blank" rel="nofollow">reserve asset</a>, “recognizing both the challenges and opportunities within the current global financial landscape.” The company stated: 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 “The move is a direct response to sustained economic pressures in Japan, notably high government debt levels, prolonged periods of negative real interest rates, and the consequently weak yen.�…
</blockquote>
The post <a href="https://coinedition.com/japanese-company-metaplanet-boosts-bitcoin-holdings-to-9-6-million/">Japanese Company Metaplanet Boosts Bitcoin Holdings to $9.6 Million</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Japanese Company Metaplanet Boosts Bitcoin Holdings to $9.6 Million

Coin Edition

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