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Japanese public company Metaplanet has acquired an additional 42.5 Bitcoin for ¥400 million ($2.5 million) as of July 8th. This purchase brings Metaplanet's total Bitcoin holdings to 203.7 BTC, valued at ¥2.05 billion. The acquisition, averaging ¥9.42 million per coin, comes amid sluggish economic growth in Japan, with Metaplanet doubling down on its long-term holding strategy. The company has shown increased institutional confidence in cryptocurrency amidst global economic uncertainty.
Public Company @metaplanet_JP Announces #Bitcoin Purchases by Almost $2.5 Million #NewsBytes https://t.co/oeci1uP2Qi
Metaplanet Japan, often likened to "Asia's MicroStrategy," has made another #Bitcoin purchase, acquiring 20.2 $BTC valued at 200 million yen ($1.2 million). This acquisition increases their total Bitcoin holdings to 161.27 BTC, worth around ($10 million) Here's the stock… https://t.co/aBBOtfNRcN
Metaplanet snagged 42.47 bitcoin for ¥400 million, averaging ¥9.42 million per coin. By July 8, their stash grew to 203.73 bitcoin, with a total spend of ¥2.05 billion, averaging ¥10.06 million each. https://t.co/Hs02JP1Nuw