4 months ago
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The Japanese firm intensifies its BTC portfolio with its latest purchase.
Metaplanet, a Japanese enterprise often compared to MicroStrategy, has authorized an additional Bitcoin purchase worth ¥250 million ($1.5 million). The announcement came through a recent post on the company’s official social media X account.
“Metaplanet directors authorize [the] purchase of [an] additional ¥250 million of $BTC,” the company stated.
Metaplanet announced the acquisition of $250 million yen worth of BTCThe latest acquisition follows the company’s previous investment of 19.87 Bitcoin, valued at around 200 million Japanese yen, earlier this month.
On April 8, Metaplanet announced its plan to become the first publicly traded company on the Tokyo Stock Exchange to invest in Bitcoin, allocating ¥1 billion, approximately $6.25 million at the time, for the purchase.
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