Japanese Firm Metaplanet Expands Bitcoin Holdings, Stock Prices Surge
22.07.2024 16:00 1 min. read Alexander Stefanov
Japanese company Metaplanet has increased its Bitcoin (BTC) holdings by 20.8 BTC, valued around $1.27 million, reflecting the positive trends in the cryptocurrency market.
This latest acquisition raises Metaplanet’s total Bitcoin reserves to 245.99 BTC, worth approximately $15.5 million.
The firm had previously announced plans to buy Bitcoin worth 1 billion yen, utilizing capital from bond issuance.
This strategic move follows Metaplanet’s decision to use BTC as a treasury reserve asset due to Japan’s prolonged economic challenges, including high government debt and persistent negative interest rates.
Metaplanet’s stock has experienced a significant boost, climbing 20.69% following the recent Bitcoin purchase announcement.
The company’s stock has shown a 59% increase this week and an 84% rise over the past month, reflecting heightened interest in digital assets. Bitcoin’s price has also surged to $67,668, up 7.43% over the last week.
-
1
Bitcoin Accumulation Signals Early Signs of Market Recovery
20.03.2025 15:00 2 min. read -
2
Bitcoin Targets Breakout as Macro Factors Shift, According to Matrixport Analysis
24.03.2025 21:00 1 min. read -
3
Bitcoin Adoption Still in Early Stages, With U.S. Leading the Way
10.03.2025 9:00 2 min. read -
4
Who is Actually Behind El Salvador’s Bitcoin Holdings?
14.03.2025 18:00 2 min. read -
5
Bitcoin Will Outperform Gold This Year – Tom Lee
15.03.2025 15:00 1 min. read
Bitcoin Defies Market Turmoil, Outperforms Nasdaq and Holds Steady
Bitcoin has once again demonstrated its resilience in the face of a turbulent market, outperforming the Nasdaq 100 index since the start of the year.
Bitcoin Startup Funding Soars, But Capital Inflows Remain Limited
Bitcoin startup funding has seen a notable surge in early-stage investments, with pre-seed rounds increasing significantly since 2021.
Genius Group’s Bitcoin Expansion Halted by U.S. Court Ruling
Genius Group, a Singapore-based AI firm, has hit a legal snag in its plans to expand its Bitcoin treasury.
Tariff Shock Tests Bitcoin’s Stability: Can It Maintain $80,000?
Bitcoin’s position near the $80,000 mark remains uncertain, as recent market turbulence has put pressure on its price.
-
1
Bitcoin Accumulation Signals Early Signs of Market Recovery
20.03.2025 15:00 2 min. read -
2
Bitcoin Targets Breakout as Macro Factors Shift, According to Matrixport Analysis
24.03.2025 21:00 1 min. read -
3
Bitcoin Adoption Still in Early Stages, With U.S. Leading the Way
10.03.2025 9:00 2 min. read -
4
Who is Actually Behind El Salvador’s Bitcoin Holdings?
14.03.2025 18:00 2 min. read -
5
Bitcoin Will Outperform Gold This Year – Tom Lee
15.03.2025 15:00 1 min. read
