menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Technology News

>

Metaplanet...
source image

TronWeekly

7d

read

236

img
dot

Image Credit: TronWeekly

Metaplanet’s Bold Bitcoin Bet Pays Off as Stock Soars 20% After $43.9M Buy

  • Japanese investment firm, Metaplanet, has acquired 497 Bitcoin for $43.9 million, causing its stock price to jump 20% to ¥4,045.
  • Metaplanet now holds a total of 2,888 BTC, making it the largest corporate Bitcoin holder in Asia.
  • Bitcoin rose 4.40% to $87,592 after the news, but remains below its 20-day moving average.
  • Metaplanet's aggressive accumulation strategy reflects the growing trend of corporate investment in digital assets, highlighting a shift in how businesses perceive Bitcoin's role in financial markets.

Read Full Article

like

14 Likes

For uninterrupted reading, download the app