Bloomberg reported on the 10th (local time) that Metaplanet's continued addition of Bitcoin has caused the company's stock price to soar over the past year, up 4,800%.
Metaplanet will accumulate Bitcoin as assets in accordance with the Strategy and will hold the assets for 12 months (2024) from the date of the announcement of its Bitcoin Financial Strategy in April 2024.
As of February 10, 2025, Metaplanet's stock price has increased by 4,800%. According to Metaplanet, as of January 28, 2025, the total value of the shares will be 1,762 BTC (worth approximately $171 million).
He plans to buy up to 21,000 BTC by the end of 2026, which is 1/1000th of the total supply of 21 million.
Thanks to the strategy, Metaplanet recently posted its first operating profit in seven years. Metaplanet's strategy is similar to the one it has been using to accumulate Bitcoin as an asset since August 2020.
Michael Seller's company Strategy has seen its stock price soar from $13.49 at the time to $332.60 today. Other companies include Semler Scientific
Companies like Ethereum Scientific have introduced bitcoin buying strategies.
2025/02/12 09:48 KST
Copyright(C) BlockchainToday wowkorea.jp 118