'Asia's MicroStrategy' Metaplanet Boosts Portfolio With Fresh Acquisition Of 107 Bitcoins Worth Nearly $7M
Portfolio Pulse from Aniket Verma
Japanese investment firm Metaplanet Inc. has increased its Bitcoin holdings by purchasing an additional 107.91 BTC, valued at approximately $6.92 million. This move strengthens its position as Japan's largest corporate holder of Bitcoin, following a strategy similar to that of U.S.-based MicroStrategy.
October 01, 2024 | 5:39 am
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Metaplanet Inc.'s purchase of 107.91 BTC at an average price of $64,189.55 per BTC highlights continued corporate interest in Bitcoin as a reserve asset. This move may influence other firms to consider similar strategies.
Metaplanet's purchase of Bitcoin indicates a strong corporate belief in Bitcoin's potential as a reserve asset, similar to MicroStrategy's strategy. This could positively influence Bitcoin's market perception and price.
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IMPORTANCE 70
RELEVANCE 80