Bitcoin

Japanese firm Metaplanet has taken another significant step in expanding its Bitcoin holdings and solidifying its position in the cryptocurrency ecosystem. On Tuesday, the firm bought about 124,117 Bitcoin as part of its strategy to enhance shareholder value. This latest purchase has pushed the firm’s stocks up by 14%.On Tuesday, the official X handle of the firm <a href="https://x.com/Metaplanet_JP/status/1858707819383366096" rel="noopener noreferrer nofollow">released </a>press statements about the BTC purchase. With the acquisition, the average purchase price of BTC is 14,099,600¥ per Bitcoin. At the time of writing, Metaplanet&#39;s total BTC holdings were 1.142,287, while its aggregate purchase price was 11.372B yen. Also, the average purchase price is 9,955,874 yen per BTC.Further, the BTC Yield played a pivotal role in the development of the firm. From July 1, 2024, till September 30, the BTC Yield was about 41.7%. But from October 1 to November 19, it surged by 186.9%. By increasing its stance on Bitcoin holdings, Metaplanet has become one of the biggest direct corporate owners of Bitcoin in Asia.Earlier, the Tokyo-based firm announced $11.3 million (¥1.75 billion) bond issuance for procuring more Bitcoin. It announced its proposal to raise funds through Guaranteed ordinary bonds. Further, these bonds will possess an annual interest rate of 0.36% and will mature next year in November.<a href="https://cryptotale.org/metaplanet-acquires-124-btc-stock-price-spikes-by-14/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Metaplanet Acquires 124 BTC, Stock Price Spikes by 14%

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