🚨Metaplanet acquires 620 BTC for 60 million dollars 💸
The Japanese investment firm Metaplanet has made its largest Bitcoin purchase to date, acquiring 620 BTC for nearly 60 million dollars while the price of Bitcoin remains below 100,000 dollars.
This purchase quadruples its previous record of 159.7 BTC and raises its total Bitcoin holdings to 1,762 BTC, valued at approximately 168 million dollars. From October 1 to December 23, Metaplanet reported a BTC return of 310%, surpassing the 41.7% of the third quarter. The firm plans to incorporate the accumulation and management of Bitcoin as a formal line of business, using loans, capital, and convertible bonds to acquire and hold Bitcoin.
Metaplanet's adoption of Bitcoin has driven its stock price to all-time highs, positioning it as a major player in the Asian cryptocurrency market.
