Metaplanet just bought an additional 21.88 BTC worth over $1.2 million (200 million Japanese Yen) amid the BTC bull run, pushing the price close to $65,000! 🚀
- Metaplanet's total BTC: 225.6 BTC, worth $14.6 million.
- Metaplanet stock price increased 25.8% to $0.74 (117 Japanese Yen) in the first 2.5 hours on the Tokyo Exchange.
Metaplanet took advantage of the BTC price drop earlier this month, buying an additional 42.46 BTC for $2.5 million (400 million Japanese Yen).
- Metaplanet stock has increased nearly 6 times since announcing its BTC investment strategy on April 9, 2024.
- Metaplanet is currently the 21st largest BTC holding company in the world.
Metaplanet is known as the "MicroStrategy of Asia" with a similar strategy to protect against public debt and the depreciation of the Japanese Yen.
- The Japanese Yen is down nearly 54% against the USD since January 2021, while BTC is up more than 145% against the Japanese Yen in the past 12 months.
BTC is currently trading at $64,640, up 13.6% over the past week.
What do you think about Metaplanet's strategy? Comment! 💬#Bitcoin#Crypto#Finance#Blockchain #Metaplanet