Bitcoin

<ul><li>Metaplanet Inc. acquired 42.47 Bitcoins for 400M yen, increasing their total holdings to 203.73 BTC.</li><li>On June 24, 2024, Metaplanet disclosed its plan to invest 1 billion yen in Bitcoin.</li><li>Bitcoin is trading at $55,744.30, experiencing a 3.43% price decline in the previous 24 hours.</li></ul>Metaplanet Inc., an early-stage investment firm, has recently made a significant move in the cryptocurrency market. On July 8, 2024, the company announced that it had purchased an additional 42.47 Bitcoins. This purchase follows a previous announcement on June 24, 2024, where Metaplanet disclosed its plan to invest 1 billion yen in Bitcoin. The company&#39;s board of directors <a href="https://x.com/Metaplanet_JP/status/1810148327654060441" rel="noopener noreferrer nofollow">authorized</a> the purchase, which is part of a broader strategy to diversify assets and hedge against market volatility. This investment was funded through a new bond issuance aimed specifically at acquiring Bitcoin.<img src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdJhZT7aXvZ_lmyvGgkuvf_nhmNpa-5ffGpzDT_s6UXgRPm-1dJObuM3-vRuSdAMSYwpyWf4NOx_AeOB8NIOzsE5tM1AFioVMZAliqCfFZ7EQ3J33NmbvcKBguL2aX8CRAN_0sPszn1Sl87KWJZAl7EtvA?key&#61;Ji7907cBw_Cvd9MMPgLJkg" />The purchase price averages 9,419,300 yen per Bitcoin. Metaplanet announced that this acquisition is an extension of its previous investment plan to purchase <a href="https://cryptotale.org/metaplanet-inc-invests-%c2%a51-billion-in-bitcoin-through-new-bond-issuance/" rel="noopener noreferrer nofollow">Bitcoin</a> worth 1 billion yen. Notably, the total Bitcoin holdings for Metaplanet now stand at 203.73 Bitcoins, with an average purchase price of 10,062,517 yen per Bitcoin. The aggregated amount of Bitcoin purchased by the company has reached 2.05 billion yen. These strategic moves highlight Metaplanet’s commitment to investing in cryptocurrencies despite recent market fluctuations.<a href="https://cryptotale.org/metaplanet-inc-expands-bitcoin-holdings-with-new-42-47-btc-acquisition/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Metaplanet Inc. Expands Bitcoin Holdings with New 42.47 BTC Acquisition

CryptoTale

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