“1,009 BTC Purchase Worth $ 112m is Biggest Since July, Shares Drop 5.5%”, – WRITE: www.coindesk.com
The Purchase, ValUED AT ROUGHLY 16.5 Billion Yen ($ 112 Million), Demonstrates the Tokyo-Based Company’s Commitment to Positioning Bitcoin as a Core Reserve Asset. ITS TOTAL BITCOIN PURCHASES NOW AMOUNT TO 302.3 Billion Yen at An Average Cost of 15.1 Million Yen Per BTC, Account to A Filing Released Monday.
The pace of the Firm Bitcoin Accuumulation has made it asia’s MOST PROMINENT PUBLICly Traded Adopter of the Cryptocurrency. From July 1 to Sept. 1, The Company Achieved A BTC YIELD OF 30.7%, While Its Multiple to Net Asset Value (MNAV) SITS Just Below 2.
Shares of Metaplanet Fell 5.5% to 831 Yen.
The Solvbtc-BTC Secure Exchange Rate Feed Combines Exchange Rate Calculations with Real-Time Proof of Reserves, Offering A Robust On-Chain Redemption Rate.
- Solv Protocol Has Partnered with Chainlink to Integrate Real-Time Verification of BTC Reserves Into ITS Solvbtc Price Feed, Enhance Transparency and Trust.
- The Solvbtc-BTC Secure Exchange Rate Feed Combines Exchange Rate Calculations with Real-Time Proof of Reserves, Offering A Robust On-Chain Redemption Rate.
- This New Mechanism is Designed to Make Solvbtc Resistant to Manipulation and Safer for Use in Decentralized Lending Markets, Such As Aave.
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