- Metaplanet spent $1.2 million to buy more than 20.2 BTC as part of its strategy to build up holdings of the world’s largest cryptocurrency by market cap.The investment is part of its strategy, announced a week ago, of buying another $6 million worth of BTC.
I recently came across a announcement on a Tokyo-based company’s website. They disclosed that they had purchased 200 million yen (approximately $1.2 million) in bitcoin, bringing their total holdings up to 161.3 bitcoins. Not long after the close of trading at the Tokyo Stock Exchange, they made this announcement on their social media account X.
As a researcher, I recently came across an announcement from a company stating that they intended to expand their bitcoin holdings by purchasing an extra $6 million worth of Bitcoin. At the time of this decision, they already owned approximately $9 million in Bitcoins. The reason behind this investment focus on Bitcoin, as reported on Metaplanet’s website, can be attributed to adjustments in the investment landscape brought about by the Covid-19 pandemic.
The Bitcoin accumulation strategy follows the lead of MicroStrategy, a software developer based in Tysons Corner, Virginia, who have been purchasing Bitcoin for nearly four years. They now own over 226 Bitcoins, which represents more than 1% of the total supply that will ever be mined.
Metaplanet shares rose 1% before the announcement.
Read More
- CKB PREDICTION. CKB cryptocurrency
- EUR INR PREDICTION
- IMX PREDICTION. IMX cryptocurrency
- PBX PREDICTION. PBX cryptocurrency
- ICP PREDICTION. ICP cryptocurrency
- TANK PREDICTION. TANK cryptocurrency
- GEAR PREDICTION. GEAR cryptocurrency
- BSW PREDICTION. BSW cryptocurrency
- USD DKK PREDICTION
- ‘Starting 5’: LeBron James, Jayson Tatum and Jimmy Butler Among NBA Players Featured in Obamas-Produced Sports Series
2024-07-01 13:29