Metaplanet Ups Bitcoin Holding to Over 4,000 BTC, Rakes Up Another 696 BTC
Metaplanet purchased the bitcoin for an average purchase price of around 14.6 million yen for a total spend of 10.15 billion yen
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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.
The announcement comes at a time when Japan’s fiscal crisis is said to be playing out in the currency market.