Bitcoin

when

April

Million

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 <p>Japanese investment firm Metaplanet continues to actively buy up bitcoin.</p>
 <p>Metaplanet now has a total of 3&nbsp;350 BTC that were purchased for about $278.8&nbsp;million, as&nbsp;<a href="https://x.com/gerovich/status/1904003480307876086" target="_self"><span>reported</span></a>&nbsp;by CEO Simon Gerovich. At current market prices, the firm's cryptocurrency assets are valued at $291.3&nbsp;million.</p>
 <p>The purchase comes after Eric Trump, the second son of Donald Trump,&nbsp;joined the company's Strategic Board of Directors on March 21. </p>
 <p>According to Gerowitz, Herowitz's ”business expertise and passion for BTC” Eric Trump will help realize the company's mission to create ”one of the world's leading bitcoin treasury companies.”</p>
 <h4>Ambitious Plans</h4>
 <p>Metaplanet has been consistently increasing their investment in the largest cryptocurrency since April 2024, when the company unveiled their bitcoin acquisition strategy. Their goal is to&nbsp;accumulate 10&nbsp;000 BTC by the end of 2025 and 21&nbsp;000 BTC by the end of 2026.</p>
 <p>According to Bitcointreasuries.net, the Japanese firm is currently ranked 10th among publicly traded corporate bitcoin holders globally and first in Asia. The leader of the ranking remains&nbsp;Strategy's Michael Saylor with nearly 500&nbsp;000 BTC.</p>
 <p>Metaplanet shares were up 4.8% on the Japanese exchange during the afternoon trading session at the time of writing. Google Finance data shows that the company's share price is up 38.7% since the beginning of the year.</p>
 <p>Metaplanet's decision to engage Eric Trump and increase its investment in bitcoin demonstrates the growing institutional acceptance of cryptocurrency as a reliable asset. With each such purchase by large companies, it is increasingly difficult to deny that digital assets are firmly embedded in corporate investment strategies.</p>
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Japan's Metaplanet Acquired $12.6 Million Worth of Bitcoin After Appointing Eric Trump to Its Board of Directors

Coinpaper.com

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