bullish

Bitcoin

when

Giant

Japanese investment firm Metaplanet Inc. announced today that it has purchased an additional 107 Bitcoins worth approximately 1 billion yen ($6.9 million), underscoring the company’s bullish stance on the world’s leading cryptocurrency. 
The firm, which is listed on the Tokyo Stock Exchange, announced that it made the purchase at an average price of 9.26 million yen ($64,168) per Bitcoin. 
This acquisition brings Metaplanet’s total Bitcoin holdings to 506 BTC, worth around $32.2 million at current prices. According to its latest statement, Metaplanet has invested a total of 4.75 billion yen in Bitcoin at an average price of 9.37 million yen ($64,931) per Bitcoin. 
At the time of the announcement, Bitcoin's price was trading around $62,800, down 1.27% in the past 24 hours after rising above $66,000 last week 
Metaplanet's shares responded positively to the news, rising 4.24% on Tuesday and trading around 1,033 yen in the afternoon session on the Tokyo Stock Exchange. The broader Nikkei 225 index also gained, rising 1.91% 
The firm has been actively increasing its bitcoin holdings since May, when it announced it was adopting bitcoin as a strategic treasury reserve asset. The move reflects a growing trend among companies holding significant amounts of bitcoin on their balance sheets. 
Globally, MicroStrategy led by Michael Saylor remains the largest institutional Bitcoin holder with 252,220 BTC, followed by Marathon Digital with 26,200 BTC, according to BitcoinTreasuries data. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/a-giant-investment-company-listed-on-the-japanese-stock-exchange-announced-that-it-purchased-bitcoin/">A Giant Investment Company Listed on the Japanese Stock Exchange Announced That It Purchased Bitcoin!</a>

A Giant Investment Company Listed on the Japanese Stock Exchange Announced That It Purchased Bitcoin!

Bitcoin Sistemi EN

Other articles published on Oct 1, 2024

BlackRock’s Ethereum (ETH) Statement: “The Situation Won’t Change Soon”

Upcoming Crypto Sales: UNITS, Moonbag, and Pepe Unchained

Dogwifhat, PAAL AI, or Bitgert: Best Buying Opportunity Before Bitgert’s Big Market News

Breaking: Ripple Secures Key In-Principle Approval From DFSA to Expand in UAE

X Empire Concludes Mining, Prepares for $X Airdrop

Iran Fires Missiles and Influences Crypto Market Dynamics

Join our free newsletter for daily crypto updates!