Metaplanet acquires ¥4 billion worth of Bitcoin, shares jump 73% YTD

Metaplanet’s purchase of 269 Bitcoin enhances its total holdings to 2,031 BTC, valued at approximately $196 million based on current market prices.

The firm’s stock has increased by 73% year-to-date, largely due to the announcement of its Bitcoin-focused strategy.

Metaplanet aims to acquire a total of 21,000 Bitcoin by 2026, backed by recent funding through zero-coupon bonds to support aggressive expansion.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

More posts