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#MetaplanetBTCPurchase Metaplanet's shares rose by 21% after its latest purchase of more Bitcoin coincided with U.S. President Donald Trump's push for a strategic cryptocurrency reserve that includes BTC and four other major cryptocurrencies.
Metaplanet announced today the purchase of an additional 156 BTC valued at $13.4 million, causing its shares to surge ¥700 to ¥4,010 at 1:17 AM EST, according to Google Finance data.
Donald Trump ordered yesterday the inclusion of Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA) in a new planned Strategic Crypto Reserve.
The recently acquired Bitcoin was purchased for approximately $85,890 per coin. With this latest purchase, the company's holdings amount to 2,391 BTC, according to a statement released today by the company.
Since April of last year, when the investment firm began buying the largest cryptocurrency by market capitalization, Metaplanet has purchased around $ 196.3 million in Bitcoin.
The company's average purchase price of BTC is $82,100 per coin. With BTC trading at $92,921.60 at 1:20 AM EST after an 8% increase, the company's unrealized gain from Bitcoin exceeds 13%.
Metaplanet announced today the purchase of an additional 156 BTC valued at $13.4 million, causing its shares to surge ¥700 to ¥4,010 at 1:17 AM EST, according to Google Finance data.
Donald Trump ordered yesterday the inclusion of Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA) in a new planned Strategic Crypto Reserve.
The recently acquired Bitcoin was purchased for approximately $85,890 per coin. With this latest purchase, the company's holdings amount to 2,391 BTC, according to a statement released today by the company.
Since April of last year, when the investment firm began buying the largest cryptocurrency by market capitalization, Metaplanet has purchased around $ 196.3 million in Bitcoin.
The company's average purchase price of BTC is $82,100 per coin. With BTC trading at $92,921.60 at 1:20 AM EST after an 8% increase, the company's unrealized gain from Bitcoin exceeds 13%.
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