menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Cryptography News

>

Japan’s Me...
source image

Coinjournal

1M

read

103

img
dot

Image Credit: Coinjournal

Japan’s Metaplanet buys $7M Bitcoin, now holds to $40.5M BTC

  • Japan-based investment firm Metaplanet has acquired an additional $7 million worth of Bitcoin, increasing its holdings to a total of $40.5 million.
  • Metaplanet has been aggressively purchasing Bitcoin since May 2024 and has invested 6 billion Japanese yen in the cryptocurrency.
  • The company's stock price surged by 11% following the recent Bitcoin acquisition and has gained 544% year-to-date.
  • In addition to direct purchases, Metaplanet is using options trading to increase its reserves, generating additional revenue of 23.97 BTC.

Read Full Article

like

6 Likes

For uninterrupted reading, download the app