On the 18th, Metaplanet invested a total of 1.88 billion yen (approximately $12.57 million) to purchase an additional 150 BTC at an average purchase price of $83,671.
With this purchase, Metaplanet's total holdings will increase to 3,200 BTC, which is equivalent to approximately $261.8 million at current prices. However, the news of the additional purchase
Despite this, Metaplanet shares were down 0.5% on the day. When the company announced it would purchase 497 BTC on March 5, its shares surged 19%.
After Meta Planet announced its transformation into a Bitcoin finance company, the company's stock price rose 4,800% by February 10, 2024.
It has since fallen 34% since February 19th, and is currently trading at 4,030 yen (about $26.9), a sharp increase from 150 yen (about $1) as of March 19th, 2024.
According to the company's announcement, Metaplanet's shareholder base will increase by 500% in 2024, with more than 50,000 people participating in the investment.
According to data from Analysis, MetaPlanet's market capitalization has increased by 9,652% in one year. With this additional Bitcoin purchase, MetaPlanet is now the 11th largest cryptocurrency in the world.
It is the company that holds the most Bitcoin, making it the company that holds the most BTC in Asia.
2025/03/19 11:04 KST
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