๐จ Metaplanet Doubles Down on Bitcoin โ $53.7M Added to Treasury
๐ฏ๐ต Japanese tech firm Metaplanet is making serious waves in the digital asset world, acquiring 463 BTC at an average of ~$115,895 per coin โ a $53.7M investment. This follows last weekโs 780 BTC purchase, further cementing its position as one of Asiaโs largest public Bitcoin holders.
๐ Key Numbers:
๐ธ Total Holdings: 17,595 BTC (~$1.78B)
๐ธ YTD Bitcoin Yield: 459.2%
๐ธ Strategic Aim: Raise $3.7B via perpetual preferred shares for more potential acquisitions
๐ธ Comparison: Strategy (Michael Saylorโs firm) now holds 628,791 BTC, acquired at ~$73K avg.
๐ข Despite the aggressive treasury play, Metaplanetโs stock dipped ~6% (ยฅ998) โ a short-term reaction in what may be a long-term strategic masterstroke.
๐ Is Bitcoin becoming the new corporate reserve asset in Asia?
๐ฅ Metaplanetโs bold moves could signal a regional shift in how companies are approaching long-term value preservation.
#Bitcoin #Crypto #Metaplanet #Blockchain #Web3
https://coingape.com/just-in-japans-metaplanet-acquires-53-7m-in-bitcoin-as-market-rebounds/?utm_source=bnb&utm_medium=coingape
