Key Takeaways
- Metaplanet acquired $1.2 million value of Bitcoin.
- This marks Metaplanet’s sixth Bitcoin buy up to now 4 months.
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Metaplanet, a Japanese-listed firm typically in comparison with MicroStrategy, has bought 21.88 Bitcoin (BTC) value JPY 200 million ($1.2 million), the corporate stated in a publish on Monday. The acquisition brings the corporate’s whole BTC holdings to 225.6 BTC, valued at greater than $14.5 million.
*Metaplanet buys extra 21.88 $BTC* pic.twitter.com/zCXzKFudog
— Metaplanet Inc. (@Metaplanet_JP) July 16, 2024
The acquisition follows a latest buy final week when the corporate introduced it had added $4 million value of Bitcoin to its portfolio, with the common buy worth per Bitcoin being round $62,800, in line with Metaplanet.
Metaplanet has been steadily buying BTC since April of this yr. The corporate goals to maximise shareholder worth by means of strategic and everlasting Bitcoin accumulation, with Bitcoin as its main treasury reserve asset.
Metaplanet’s Bitcoin-centric technique is much like different main gamers like MicroStrategy, which held 226,331 BTC as of July 15, valued at roughly $14.6 billion. BitcoinTreasuries.net.
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