Bitcoin

<ul><li>Metaplanet&#39;s stock surged 13% after acquiring 57.273 BTC for ¥500M, showcasing its aggressive investment strategy.</li><li>CEO Simon Gerovich revealed Metaplanet now holds 360.368 BTC, reflecting their substantial digital asset growth.</li><li>The company&#39;s shares have soared 645% YTD due to strategic BTC purchases and leveraging low-interest Japanese loans.</li></ul>Metaplanet Inc., often referred to as “Japan’s MicroStrategy,” has significantly increased its Bitcoin investments, causing a notable surge in its stock price. On August 20, the company announced a major acquisition of 57.273 BTC, worth approximately 500 million Japanese yen ($3.39 million). This purchase, made at an average price of ¥8,730,117 ($59,317) per Bitcoin, has driven Metaplanet’s stock price up by 13% in a single day.<h2 id="header-0">Strategic Bitcoin Investments and Loan Utilization</h2>Simon Gerovich, CEO of Metaplanet, <a href="https://contents.xj-storage.jp/xcontents/33500/e577d2c3/9caf/4fca/afae/2851f9cbc914/140120240819573615.pdf" rel="noopener noreferrer nofollow">revealed</a> that the firm’s total Bitcoin holdings have now reached 360.368 BTC. This latest acquisition follows a <a href="https://cryptotale.org/metaplanet-expands-bitcoin-portfolio-with-57-1-btc-purchase/" rel="noopener noreferrer nofollow">previous purchase </a>of 57.103 BTC on August 13 for 500 million yen ($3.3 million), at an average price of ¥8,756,107 per Bitcoin. Metaplanet’s aggressive strategy involves using favorable loan conditions, having <a href="https://cryptotale.org/metaplanet-acquires-6-8m-loan-1b-yen-to-buy-more-bitcoin/" rel="noopener noreferrer nofollow">secured</a> a loan of 1 billion Japanese yen at a remarkably low 0.1% APR.<a href="https://cryptotale.org/metaplanet-buys-57-273-btc-worth-500m-yen-shares-surge-13/" 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 Buys 57.273 BTC worth 500M Yen, Shares Surge 13%

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