Metaplanet, a company listed on the Tokyo Stock Exchange, has just announced a significant expansion of its bitcoin reserves, strengthening its position in the cryptocurrency market.
On Monday, the company disclosed the purchase of 106,976 BTC for about 1 billion yen, an average price per BTC of about $62,500, demonstrating its continued commitment to Bitcoin as an important asset. The deal comes on the heels of a similar transaction last week, when Metaplanet added 108.99 BTC to its holdings.
Metaplanet Announces Additional Bitcoin Purchase | Source:Metaplanet
With the recent transactions, Metaplanet now holds a total of 855,478 BTC, which is approximately $56.37 million at the current BTC exchange rate. The steady increase in bitcoin holdings throughout 2024 is a testament to the company’s strategy of growing its digital asset portfolio. This continued increase in reserves underscores Metaplanet’s belief in Bitcoin’s long-term potential.
CEO Simon Gerovich has made the company’s ambition clear: to accumulate at least 1,000 BTC for its reserve fund. As Metaplanet moves closer to that goal, its proactive approach to buying bitcoin positions the company in the evolving landscape of digital currencies. Gerovich’s vision reflects a growing trend of institutional investors recognizing Bitcoin’s potential as an inflation hedge and a valuable part of their investment strategy.
Overall, Metaplanet’s expansion of its bitcoin holdings not only underscores its commitment to the cryptocurrency market, but also reflects a broader trend of growing institutional interest in digital assets. As the company nears its 1,000 BTC target, it remains a notable player in the continued growth of the cryptocurrency space.
Metaplanet's shares on the Tokyo Stock Exchange jumped 15.71% on the news, and since the beginning of the year, Metaplanet has increased by 590.63% since adopting a bitcoin strategy like MicroStrategy.
Source: Google Finance
Source: https://tapchibitcoin.io/metaplanet-cua-nhat-ban-tiep-tuc-mua-them-1-ty-yen-gia-tri-bitcoin.html
