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Metaplanet Completes ¥1 Billion Bitcoin Acquisition, Stock Surges 14% Blockonomi 20 Aug 2024

Metaplanet Completes ¥1 Billion Bitcoin Acquisition, Stock Surges 14% 📈

Japan Bitcoin Metaplanet

Metaplanet, a Japanese public company, successfully acquired Bitcoin worth ¥1 billion ($6.8 million). This purchase included 57.273 BTC bought for ¥500 million ($3.4 million) on August 20, leading to a total holding of 360.368 BTC by Metaplanet.

Following the announcement of this significant Bitcoin purchase, Metaplanet’s stock price experienced a 14% surge. The company utilized a ¥1 billion loan to fund this acquisition.

Source: blockonomi.com ↗

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