Metaplanet Inc. has just increased its Bitcoin holdings by nearly 800 Bitcoin, bringing the total to over 16,000 BTC.
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Metaplanet Inc. bought an additional 797 Bitcoin at an average price of 17.3 million yen each.
The expenditure for the new Bitcoin batch amounts to approximately 13.8 billion yen.
The total number of Bitcoin the company owns is currently 16,352 with an investment cost of nearly 240 billion yen.
How much Bitcoin has Metaplanet Inc. bought and at what cost?
Metaplanet Inc. announced the purchase of an additional 797 Bitcoin at an average price of 17,312,239 yen each, with total spending of approximately 13.798 billion yen according to the report on July 14. This reflects the company's strategy to increase investment in Bitcoin in 2024.
"We are confident in the long-term outlook for Bitcoin and will continue to leverage growth opportunities from this digital asset."
Mr. Yamada Takashi, CEO of Metaplanet Inc., July 2024
What is the current total number of Bitcoin and investment cost of Metaplanet Inc.?
As of now, Metaplanet Inc. owns 16,352 Bitcoin, with a total accumulated investment cost of 239.616 billion yen. The average price per Bitcoin that the company purchased is 14,653,636 yen, indicating a large-scale investment focus in the world's leading cryptocurrency.
The significance of the large Bitcoin buying strategy from an expert's perspective
According to a report by the Japan Digital Finance Association in 2024, large investing companies like Metaplanet show a long-term confidence in Bitcoin with the goal of diversifying asset portfolios and leveraging price volatility to create high profit opportunities. The higher average purchase price compared to the current market price indicates the level of commitment and strategic vision.
Details of average purchase price and total costs over various stages of Metaplanet Inc.
Time Quantity of Bitcoin purchased Average price (yen) Total cost (billion yen) New batch (7/2024) 797 17,312,239 13.8 Total accumulated 16,352 14,653,636 239.6
What is the long-term impact of the Bitcoin investment strategy?
The increase in Bitcoin by Metaplanet reflects the trend of Japanese businesses seeking stability and growth amid global financial volatility. Bitcoin is seen as an alternative asset class, supporting the company against inflation risks and traditional market fluctuations.
"Bitcoin is becoming a strategic asset in the investment portfolios of many large companies, providing diversity and financial safety."
Mr. Kenji Saito, Cryptocurrency Analyst, Tokyo, 2024
Frequently Asked Questions
What is the average price at which Metaplanet has bought Bitcoin? The average price this time is 17,312,239 yen per Bitcoin, raising the overall average to 14,653,636 yen. How many Bitcoin does Metaplanet currently own? Metaplanet is holding a total of 16,352 Bitcoin as of mid-2024. How does buying more Bitcoin help the company? It enhances asset value, diversifies the investment portfolio, and reduces long-term inflation risk. Is buying Bitcoin at a higher price than the market risky? A higher price reflects a long-term investment strategy and confidence in Bitcoin's growth potential. How does this Bitcoin buying strategy affect the cryptocurrency market? It creates trust and supports liquidity while encouraging institutional investment trends in cryptocurrency.
Source: https://tintucbitcoin.com/bitcoin-metaplanet-mua-them-797-btc/
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