LATEST: Metaplanet Acquires 68 BTC, Now Controls 0.01% of Total Supply

Metaplanet has successfully amassed 2,100 bitcoin now holding a significant 0.01% of the total BTC that will ever be mined. With a cap of 21 million BTC this accumulation marks a milestone for the company. They recently purchased 68.59 BTC for $6.6 million with each coin costing about $96,335 highlighting their strong investment in the cryptocurrency’s future.

The company has also raised $20 million in equity capital during the first two trading days of its ambitious “21 million plan”. This financial boost coincides with their announcement on February 18 about a forthcoming 10-1 stock split scheduled for April 1. The split aims to make shares more accessible post their previous 1-for-10 reverse split conducted just eight months earlier.

Shares of Metaplanet are currently experiencing a rise trading over 1% higher in the market at 6260 JPY. This uptrend in share value reflects investor confidence and positions Metaplanet favorably in the financial and crypto markets.

Source

29.3K Reads