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The shares of the Metaplanet investment company in Japan increased by 20 % after it announced that they buy the decrease with 497 Bitcoin.
In x mail Earlier in the day, CEO Simon Jerovic said that Metaplanet bought BTC for about $ 88,448 for the coin, providing total spending of about $ 43.9 million.
Metaplanet buys bitcoin with a discount
Latest metaplanet Bitcoin The purchase came after the broader encryption market underwent a sharp correction, feared by fears of a global trade war after Donald Trump continued threats to impose a tariff on Canada and Mexico and increased those already in China.
The largest encryption of the market ceiling witnessed a decrease in the price to 81,500 dollars during yesterday’s trading session, according to Tradingvief Data. In the past 24 hours, BTC has regained 3 % for trading at 87,096.14 dollars as of 1:25 am US time.
Metaplanet has passed the chance of getting more BTC at a lower price. In its disclosure on March 5, the investment company said that the last bitcoin purchased pushed to 2,888 BTC.
With the current price of the encryption market, the company Bitcoin Its value is estimated at more than $ 251.5 million.
According to the disclosure, the average purchase price is 82,240 dollars for the coin. The company also achieved a 45 % general return.
My ladies and pillow, we have an explosion 🚀 pic.twitter.com/woltoyoyrr
– Simon Jerovic (@Jerovic) March 5, 2025
Metaplanet aims to buy 21000 bitcoin by 2026
To date this year, metaplanet 794.5 BTC has bought. These acquisitions are part of the company’s goal of stacking 21000 BTC by 2026.
Metaplanet is already the twelfth largest Bitcoin’s largest carrier around the world, and is the largest in Asia after the Boya Interactive Games in Hong Kong exceeded, according to Data From bitbo.
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