“The Tokyo-Basted Company SAID IT SPENT AVERAGE OF 14.8 Million Yen per Bitcoin.”, – WRITE: www.coindesk.com
The Purchase Is Part of the Company’s Ongoing Bitcoin Treasury Operations; It Started Buying The Largest Cryptocurrency in April 2024 and HAS NOW MADE An AGGregate Investment of 24.9 Billion Yen at An AVERAGE PRICE OF 12.2 MILLION YEN, IT SAID IN A DOCUMEN
The Move Aligns with Metaplanet’s Commitment to Increase ITS BITCOIN YIELD, A MEASURE OF The CHANGE IN THE RATIO OF BTC HOLDINGS TO Shares Outstanding. The Company Achieved a yilt of almost 310% in the Fourth Quarter, and it is yield for the first quarter is Currently 15.3%.
The Purchase Follows Last Month’s $ 745 Million Fund-Raising Exercise Through the Issuance of 21 Million Shares. The Bitcoin-Buying Strategy Mirrors that of Corporate Piorate Like Microstrategy, and It Become More Popular in Japan’s Financial Sector. Last Week, Energy Firm RemixPoint SAID IT SPENT 9 Billion Yen Buying Bitcoin Last Year.
Among Publicly Traded Companies, Metaplanet Now the 16th-Largest Stack, accounting to bitcoin treasuries. Metaplanet Shares Rose 2.2% to 6.040 Yen on Monday.
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