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Coin Telegraph

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Image Credit: Coin Telegraph

Metaplanet adds $67M in Bitcoin following 10-to-1 stock split

  • Japan-based Metaplanet has expanded its Bitcoin holdings, purchasing 696 BTC for 10.2 billion yen ($67 million), bringing their total stash to 4,046 BTC.
  • The purchase follows Metaplanet's recent 10-to-1 reverse stock split and issuance of bonds to buy more BTC.
  • Metaplanet aims to accumulate 21,000 BTC by 2026 and currently ranks as the ninth-largest corporate Bitcoin holder globally.
  • During a period of institutional dip buying, Metaplanet's investment aligns with ongoing confidence in Bitcoin despite global market uncertainty.

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