CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

Moralis Money
The Defiant 2025-04-24 11:05:10

Metaplanet Increases Bitcoin Holdings to 5,000 BTC, Valued at $428.1M, with $13.6M Purchase

Metaplanet, a Tokyo-listed company, has increased its Bitcoin holdings to 5,000 BTC, valued at approximately $428.1 million, following the purchase of an additional 145 BTC for $13.6 million. The latest acquisition was made at an average price of $93,300 per Bitcoin. The total purchase amount for the recent buy was 20 billion yen, bringing the cumulative holding value to 641 billion yen. The company's CEO has publicly committed to acquiring an additional 5,000 BTC, aiming to become the leading Bitcoin holding company in Asia. This move aligns with Metaplanet's strategic goal to reach 10,000 BTC by the end of 2025, having already achieved half of this target ahead of schedule. The funding for the latest Bitcoin purchase came from the issuance of zero-coupon bonds to EVO FUND, with plans to use proceeds from new share warrants to repay these bonds. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

https://www.digistore24.com/redir/325658/ceobig/
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.