Asia’s biggest bitcoin buyer now wants to build the BTC ecosystem
Tokyo-listed Metaplanet is expanding beyond holding BTC into funding, incubating, and granting to companies building bitcoin financial infrastructure.
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Metaplanet
Tokyo-listed Metaplanet is expanding beyond holding BTC into funding, incubating, and granting to companies building bitcoin financial infrastructure.
Eric Trump says he’s a “bitcoin maxi” and sees BTC hitting $175K this year, as reports point to new ventures in Japan and Hong Kong.
The firm’s latest batch of buys was made at an average buying price of over $105,000 per bitcoin.
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.