Metaplanet has once again focused on Bitcoin (BTC) and adds 68.59 Bitcoin to his balance. This brings the total possession of the Japanese investment company to 2,100 Bitcoin. With this amount of Metaplanet now has 0.01% of all Bitcoin that will ever exist. The purchase was made for $ 6.6 million at an average price of $ 96,335 per bitcoin.
Gigantic price rise since Bitcoin strategy
Since Metaplanet adopted the Bitcoin strategy in April 2024, the share has experienced an unprecedented increase. The company follows the path of Michael Saylor’s MicroSstratey and with success. Since the implementation of the new strategy, the rate has been raised by 3,210%.
The share is currently at 6,260 JPY and is still popular with investors looking for Bitcoin through traditional markets.
Bron: Tradingview
The recent purchase fits within Metaplanet’s ambitious ’21 million plan ‘, with which the company continues to focus on Bitcoin. Analyst Dylan Le Clair reports that Metaplanet has already collected $ 20 million in the first two trading days of the plan through the issue of new shares. This shows that investors have faith in the strategy and long -term vision of the company.
Metaplanet announced on 18 February that it will implement a 10-1 stock split on 1 April. This is striking, since the company carried out a 1-for-10 reverse split only eight months ago. The new split must make the share more accessible to a wider audience and market more liquidity.
The Japanese company leaves no doubt about it, Bitcoin forms the basis of their financial strategy. By consistently adding Bitcoin to the balance, Metaplanet positions itself as one of the first listed companies in Japan that focuses full of this cryptocurrency. Metaplanet now has 2,100 BTC in Kas and continues to expand eagerly. The company is working hard to become an influential player in the Bitcoin ecosystem.
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Source: https://newsbit.nl/metaplanet-koopt-massaal-bitcoin-bezit-nu-001-van-alle-btc/
