Metaplanet confirms new million-dollar Bitcoin purchase for its reserves.
The popular Japanese technology firm, Metaplanet, confirmed a new million-dollar Bitcoin purchase this Monday. With this acquisition, the company consolidates itself as one of the largest corporate holders of BTC outside the United States. This new step translates into a demonstration that the financial health of the company is in good condition.
According to reports, the company injected 12.6 million dollars into this purchase transaction in exchange for an additional 150 bitcoins for its wallets. In this way, the company drives its strategy of constant accumulation of BTC for its corporate reserves.
This strategy is equivalent to the so-called "Bitcoin standard" of Strategy. In fact, the Japanese company is popularly nicknamed the "Asian Strategy." In any case, the management of this firm maintains its long-term expansion vision on the same level of importance as its Bitcoin accumulation. The firm's BTC reserves now total 3,350 bitcoins.
With this million-dollar Bitcoin purchase, Metaplanet has a base of 291 million dollars in BTC at the current price. Meanwhile, the performance of the company's BTC investments in the first quarter reaches 68.3% despite the negative performance of the currency.
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