Bitcoin buy propels Metaplanet stock up 10%, total holdings now 225 BTC
Japan-based Metaplanet said it has acquired additional Bitcoin, according to a July 16 statement. Metaplanet furthered that this acquisition aligns with its prior announcement of plans to invest „1 billion in Bitcoin as part of its ongoing strategy to adopt the top crypto as a treasury reserve asset. Last month, it set up a subsidiary, Metaplanet Capital Limited, in the British Virgin Islands to enhance its Bitcoin management and expand into new regions.
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