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Metaplanet Buys Additional ¥17.2 Billion Worth Of Bitcoin
- Metaplanet has purchased an additional 1,111 Bitcoin for approximately ¥17.2 billion ($118.2 million), expanding its Bitcoin holdings.
- The Tokyo-listed firm acquired the Bitcoin at an average price of ¥15.5 million ($106,408) per coin, bringing its total holdings to 11,111 BTC.
- Corporate Bitcoin accumulation is accelerating globally with companies like Metaplanet increasing their Bitcoin reserves.
- The purchase follows Bitcoin's recovery from weekend lows of $98,000 after U.S. airstrikes on Iranian nuclear facilities.
- Metaplanet's aggressive accumulation strategy and success serve as a blueprint for other Asian companies.
- The company aims to acquire 210,000 BTC by 2027 and has seen strong quarterly performance metrics.
- Metaplanet funded its purchases through various capital market activities, including zero-coupon bond issuances.
- Over 130 public companies now hold Bitcoin worth more than $100 billion, signaling growing institutional adoption.
- Bitcoin is currently trading at $101,569, down 0.67% over the past 24 hours.
- Metaplanet saw an 8.20% drop in shares following the announcement of its Bitcoin purchase amid broader geopolitical tensions.
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