Key Takeaways:
- Metaplanet completed its 1 billion yen ($6.26 million) Bitcoin acquisition plan, purchasing 20.38 BTC for around $1.2 million.
- The firm’s total Bitcoin holdings now stand at 245.99 BTC, valued at $16.5 million.
- Metaplanet’s stock price surged 810% since its initial Bitcoin investment, rising from $0.12 to $1.10.
Japanese investment and consulting firm Metaplanet has completed its 1 billion yen ($6.26 million) Bitcoin acquisition plan by purchasing 20.38 BTC for around $1.2 million.
This final purchase, announced on July 22, brings the company’s total Bitcoin holdings to 245.99 BTC, valued at $16.5 million.
*Metaplanet purchases additional 20.38 $BTC* pic.twitter.com/xt1AjSWPNL
— Metaplanet Inc. (@Metaplanet_JP) July 22, 2024
Metaplanet’s stock price surged 810% since its initial Bitcoin investment on April 8, rising from approximately $0.12 to $1.10.
The company’s bold move into Bitcoin has drawn comparisons to MicroStrategy, earning it the nickname “Asia’s first MicroStrategy.”
JUST IN: 🇯🇵 Japanese public company Metaplanet buys another ¥200 million worth of #Bitcoin pic.twitter.com/jMuBtYaNqI
— Bitcoin Magazine (@BitcoinMagazine) July 22, 2024
The acquisition phase saw Metaplanet secure a total of 104.91 BTC at an average price of $60,700 per Bitcoin.
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Fleming Airunugba, a seasoned Web3 and crypto content expert, leverages his deep understanding of blockchain technology to bring the latest and most impactful news to the crypto community.
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