Metaplanet recently acquired 156 BTC for $13.4 million, at an average price of $85,590 per bitcoin. This move has resulted in a BTC yield of 31.8% year-to-date for Metaplanet. As of March 3, the company now holds a total of 2,391 BTC, valued at $196.3 million, with an average price of $82,100 per bitcoin.
Furthermore, Simon Gerovich, the CEO of Metaplanet, revealed that the company has received formal invitations from the New York Stock Exchange (NYSE) and Nasdaq (Nasdaq) to showcase their platforms and functions.
“We are considering the best way to make Metaplanet shares more accessible to investors around the world,” stated Gerovich in an X post.
Metaplanet has seen a significant increase in its bitcoin strategy, with a profit of approximately $21.3 million. Additionally, the company’s shares have risen by 20% in Monday’s market, reaching 4,010 yen per share.
Following Bitdeer Technologies, Metaplanet is now the second publicly traded company to announce its purchase of bitcoin during the recent dip.
1 Comment
This is a great move by Metaplanet! Acquiring 156 BTC at discounted rates shows their foresight and willingness to take advantage of opportunities. It will be interesting to see how this acquisition impacts their future growth and strategies.
It’s encouraging to see businesses recognizing the potential of cryptocurrencies like BTC. Metaplanet’s acquisition not only showcases their belief in the future of digital currencies, but it also sets a precedent for other companies to explore similar ventures. Who else do you think will follow suit?
While it’s wise to take advantage of discounted rates, I hope Metaplanet thoroughly evaluated the risks associated with their BTC acquisition. Volatility in the crypto market can lead to potential losses if not managed effectively. It would be interesting to hear more about their risk management strategy for this investment.
In addition to the discounted rates, I wonder if there were any other factors that influenced Metaplanet’s decision to acquire BTC. Were there any specific market trends or indicators that they took into consideration?
It’s fascinating to see Metaplanet recognizing the value in cryptocurrencies and seizing this opportunity. This move further validates BTC as a legitimate asset class with long-term growth potential.
I’m curious to know how Metaplanet plans to integrate their newly acquired BTC into their existing business operations. Will they be using it as an investment or for actual transactions?