Japanese listed company Metaplanet once again announced the purchase of 20.381 Bitcoins (BTC).
*Metaplanet purchases additional 20.38 $BTC* pic.twitter.com/xt1AjSWPNL
— Metaplanet Inc. (@Metaplanet_JP) July 22, 2024
Meanwhile, Metaplanet is up more than 20% after opening today.
This is the fourth time the company has purchased Bitcoin in July. The company’s Bitcoin holdings have reached nearly 246, with a total value of approximately US$16.7 million, and an average purchase price of approximately US$63,214.13. Calculated at the current market price, the The company's current floating profit is about 7.5%.
Since April, Metaplanet has strategically increased its Bitcoin reserves, positioning it as the primary asset in its finances to enhance shareholder value. Despite the huge gap in scale, Metaplanet’s strategy focusing on Bitcoin has also earned it the title of “Asia/Japan micro-strategy.”
As of July 21, U.S.-listed microstrategies held a total of 226,331 Bitcoins worth $14.6 billion, according to BitcoinTreasuries.net.
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