LATEST: Japanese Firm Metaplanet Expands Bitcoin Portfolio, Buys 20.20 BTC for ¥200 Million

Japanese public company Metaplanet Inc. has recently bolstered its cryptocurrency holdings by purchasing an additional ¥200 million worth of Bitcoin, as per their latest disclosure. This acquisition, involving 20.195 Bitcoins, reflects an average purchase price of 9,903,441 yen per Bitcoin. The company’s strategic investment aims to leverage the growing potential of digital assets.

The Tokyo Stock Exchange-listed firm, represented by Director Simon Gerovich and IR Director Miki Nakagawa, revealed that this purchase is part of a larger plan announced on June 24, 2024. Originally, the company set out to acquire 1 billion yen worth of Bitcoin, with this recent transaction marking a significant progression in their investment agenda.

Metaplanet’s total Bitcoin holdings now stand at 161.2677 Bitcoins, cumulatively valued at about 1.65 billion yen. This aggressive accumulation underlines Metaplanet’s commitment to integrating digital assets into its broader financial strategy, signaling confidence in the long-term value of cryptocurrencies.

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