Metaplanet Buys More Bitcoin, Boosting Total Holdings to Over $252M in BTC
Key Points
- Today, Metaplanet bought 497 BTC, boosting its total holdings to 2,888 BTC.
- On March 4, the company revealed a notice of completion of stock acquisition rights.
Earlier today, Metaplanet announced that it bought more Bitcoin, boosting its total holdings, after revealing a notice of completion of stock acquisition rights, and early redemption of ordinary bonds.
Metaplanet Buys 497 BTC
The Japanese company announced in a post via X that it bought 497 BTC worth over $43,5 million at current prices.
As of today, March 5, Metaplanet publicly disclosed its total BTC holdings, accumulated as part of the company’s Bitcoin Treasury Operations which became an official strategy on December 18, 2024.
Metaplanet’s total Bitcoin holdings are 2,888 BTC worth over $252 million at current prices.
Metaplanet via XAccording to the official notes, Metaplanet has strategically increased its total BTC holdings via acquisitions funded by capital market activities and operating income.
Yesterday, the company revealed a notice of completion of its 13th and 14th series stock acquisition rights, along with early redemption of the 7th series of ordinary bonds.
Metaplanet via XAccording to the official notes, the company concluded the series on March 3rd.
Strategically Buying BTC
The Japanese company has been buying Bitcoin in a strategic move to boost the company’s value, in a similar manner to Strategy₿, formerly known as MicroStrategy, another firm that took the Bitcoin investments path back in August 2020.
Last week, Strategy₿ paused its BTC acquisitions and the company now holds 499,096 BTC worth over $43,7 billion at current prices.
Bitcoin Trades Above $87,000
At the moment of writing this article, BTC is trading above $87,000, up by over 5% in the past 24 hours.
BTC price in USD todayBTC recorded a significant price surge from below $82,000 on March 4, topping $88,000 yesterday, following Trump’s speech at the Congress.
Yesterday was an important day for crypto as the White House formally expressed its support for a congressional resolution targeting an overturn of the controversial IRS regulation on crypto reporting.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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