Bitcoin

Sora

Million

Billion

<ul> 
 <li style="font-weight: 400"><a href="https://metaplanet.jp">Metaplanet </a>completed its goal of buying 1 billion yen in Bitcoin after acquiring an additional 20.38 BTC for $1.2 million.</li> 
 <li style="font-weight: 400">The company’s stock has increased by 810% since announcing its commitment to BTC in April, reaching $1.10.</li> 
 <li style="font-weight: 400">The Japanese firm has been compared to MicroStrategy for its BTC investment strategy, positioning itself as a pioneer in the adoption of digital assets in Japan.</li> 
</ul> 
Metaplanet, a Japanese investment and consulting firm, has completed its Bitcoin <a href="https://bitcoinworld.co.in/tokyo-based-metaplanet-adds-almost-22-more-bitcoin-to-its-treasury/">purchase plan</a> with a final acquisition of $1.2 million.&nbsp; 
The transaction, which added 20.38 BTC to its portfolio, marked the completion of an ambitious 1 billion yen purchase goal announced in June of this year. 
On June 24, Metaplanet communicated its intention to issue bonds valued at 1 billion yen, equivalent to approximately $6.26 million, to finance the purchase of Bitcoin.&nbsp; 
The strategy, centered on the adoption of BTC as the main asset of its treasury, aims to reflect the company’s confidence and commitment to long-term cryptocurrency storage.&nbsp; 
The most recent acquisition was made at an average price of 9,813,061 yen ($62,574) per BTC, bringing the total BTC acquired by the company to 104.91 BTC, purchased at an average of 9,531,162 yen ($60,700) per unit. With this, Metaplanet’s total holdings amount to 245.99 BTC, currently valued at $16.5 million. 
Since Metaplanet announced its commitment to Bitcoin on April 8, its stock price has seen a considerable increase. Initially, the company’s shares were trading around $0.12, but since then, they have risen by 810%, reaching $1.10.&nbsp; 
The meteoric rise accelerated following the recent announcement, with a 19.31% increase in the following hours. 
<h3 id="span-style-font-weight-400-metaplanet-crypto-pioneer-in-japan-span">Metaplanet: Crypto Pioneer In Japan</h3> 
Metaplanet’s decision to invest in BTC as a strategic asset has been compared to that of MicroStrategy, a U.S. business intelligence company known for its substantial Bitcoin investments.&nbsp; 
Jason Fang, founder of Sora Ventures, has even called Metaplanet “Asia’s first MicroStrategy,” highlighting its role in opening the Japanese market to the crypto industry. 
From its inception, Metaplanet has focused on positioning itself as a pioneer in the adoption of digital assets in Japan.&nbsp; 
Its commitment to innovation and long-term vision has not only strengthened its position in the cryptocurrency market but also led to a substantial appreciation in the value of its shares. 
<div class="xs_social_share_widget xs_share_url after_content 		main_content wslu-style-1 wslu-share-box-shaped wslu-fill-colored wslu-none wslu-share-horizontal wslu-theme-font-no wslu-main_content"> 
 <ul> 
 </ul> 
</div>

Metaplanet Buys $1.2 Million More Bitcoin, Fulfills 1 Billion Yen BTC Purchase Plan

Table of Contents

ItsBitcoinWorld

Alte articole publicate pe 23 iul. 2024

Sui Builders Now to Run on AWS Blockchain Node Runners

Swisstronik Launches Incentivized Testnet 2.0 For Crypto Enthusiasts And Developers

Binance Unveils Early Listing of BTCUSDT and ETHUSDT Options

Bullish Signals Emerge for XRP, But Can the Momentum Hold?

dYdX Negotiates Software Sale As v3 Exchange Gets Compromised

XRP Beats BTC, SOL, and ETH On Volume Change Across Major Exchanges

Join our free newsletter for daily crypto updates!