Strategy Slumps 6%, Leading Crypto Names Lower as Bitcoin Treasury Strategies Are Questioned
Bitcoin slumped just modestly from record high levels on Friday, but the carnage in related stocks was far worse.
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Metaplanet
Bitcoin slumped just modestly from record high levels on Friday, but the carnage in related stocks was far worse.
Metaplanet purchased the bitcoin for an average purchase price of around 14.6 million yen for a total spend of 10.15 billion yen
The Japanese hotel company has acquired more bitcoin and issues zero-interest bonds.
Metaplanet reaches a milestone of 0.01% of the total bitcoin supply.
The Tokyo-based company said it spent an average of 14.8 million yen per bitcoin.
Capital Group is also the second-largest shareholder in MicroStrategy, trailing only Michael Saylor.
Metplanet to issue one-year bonds to finance BTC purchases.
MetaPlanet completes its 11th series of stock acquisition rights, with Evo Fund securing a 14.9% ownership stake after exercising its stock acquisition rights.
Metaplanet bought around 108.8 BTC at an average price of just under 9.2 million yen per coin.
The firm will purchase over $6.2 million worth of bitcoin using proceeds from an upcoming bond issuance, adding to its BTC coffers.