Bitcoin

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<ul class="news-points">
 <li>Metaplanet has acquired 20.20 bitcoins at $61,506 per BTC.</li>
 <li>The firm now holds 161.26 BTC at an average price of $63,543 per BTC.</li>
 <li>Metaplanet is often considered Asia’s MicroStrategy because of its BTC policy.</li>
</ul>
Japanese publicly traded company Metaplanet continues its aggressive accumulation of Bitcoin, <a href="https://x.com/Metaplanet_JP/status/1807656500187316612" target="_blank" rel="noopener noreferrer nofollow">acquiring an additional</a> 20.20 Bitcoins at $61,506 each.
This latest purchase reinforces the company’s commitment to Bitcoin as its primary treasury reserve asset, as highlighted in their LinkedIn <a href="https://www.linkedin.com/company/metaplanet-inc/" target="_blank" rel="noopener noreferrer nofollow">profile</a>, mirroring the strategy of U.S. firm MicroStrategy. Metaplanet’s total Bitcoin holdings now exceed $10 million, solidifying its position as a major player in the corporate adoption of cryptocurrency.
Currently, Metaplanet holds 161.26 Bitcoins at an average buying price of 10.2 million yen ($63,543) per BTC, spending 1.65 billion yen ($10,247,490) on its purchases. The Japanese company spent 200 million yen ($1,242,120) on this latest acquisition of 20.20 BTC.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcZemjwcuU3YMaNCm0XC9Hk_rLCIo7e4aAqgCqMJ7oXCMm0vRWg2IAShCwR1fFxiEaw9MZoR_maojBqiXCp7aoPacNdcRgaE3R8_PXufA66Nfagg7npw1IhWUIyawvSE29sf0Z3I32Z8X3OzFN4Bg2rdhfi?key=FhlMlbizUUzNwnswPdk8zw" alt="">
</figure>
The price of Bitcoin at the time of publishing is $63,209 as per CoinMarketCap<a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow"> data,</a> and as a result, the total worth of Metaplanet’s BTC is $10,197,711. The Tokyo Exchange-listed company, consi…
The post <a href="https://coinedition.com/metaplanets-bitcoin-bet-japanese-firm-follows-microstrategys-playbook/" rel="noopener noreferrer nofollow">Metaplanet’s Bitcoin Bet: Japanese Firm Follows MicroStrategy’s Playbook</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Metaplanet’s Bitcoin Bet: Japanese Firm Follows MicroStrategy’s Playbook

Coin Edition

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