Metaplanet’s Bitcoin Bet: Japanese Firm Follows MicroStrategy’s Playbook
- Metaplanet has acquired 20.20 bitcoins at $61,506 per BTC.
- The firm now holds 161.26 BTC at an average price of $63,543 per BTC.
- Metaplanet is often considered Asia’s MicroStrategy because of its BTC policy.
Japanese publicly traded company Metaplanet continues its aggressive accumulation of Bitcoin, acquiring an additional 20.20 Bitcoins at $61,506 each.
This latest purchase reinforces the company’s commitment to Bitcoin as its primary treasury reserve asset, as highlighted in their LinkedIn profile, mirroring the strategy of U.S. firm MicroStrategy. Metaplanet’s total Bitcoin holdings now exceed $10 million, solidifying its position as a major player in the corporate adoption of cryptocurrency.
Currently, Metaplanet holds 161.26 Bitcoins at an average buying price of 10.2 million yen ($63,543) per BTC, spending 1.65 billion yen ($10,247,490) on its purchases. The Japanese company spent 200 million yen ($1,242,120) on this latest acquisition of 20.20 BTC.
The price of Bitcoin at the time of publishing is $63,209 as per CoinMarketCap data, and as a result, the total worth of Metaplanet’s BTC is $10,197,711. The Tokyo Exchange-listed company, consi…
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