Japanese investment firm Metaplanet has added approximately 12.6 million dollars worth of 150 BTC to its growing Bitcoin treasury, continuing its aggressive accumulation strategy.
Metaplanet Acquired 12.6 Million Dollars Worth of Bitcoin Following Eric Trump's Appointment as Consultant
The latest purchase at an average price of 83,801 dollars per BTC increased Metaplanet's total assets to 3,350 BTC purchased for 278.8 million dollars. According to current market prices, the company's Bitcoin assets are worth approximately 291.3 million dollars.
Eric Trump Joined as a Strategic Advisor
The company's latest Bitcoin purchase comes a few days after Donald Trump's second son, Eric Trump, was appointed to Metaplanet's Board of Strategic Advisors.
CEO Simon Gerovich stated that Eric Trump's "business expertise and passion for BTC" will help Metaplanet advance its goal of becoming one of the world's leading Bitcoin Treasury Companies.
Metaplanet's Bitcoin Strategy
Since Metaplanet launched its Bitcoin adoption strategy in April 2024, it has been steadily increasing its BTC holdings. The company has set ambitious targets aiming to acquire 10,000 BTC by the end of 2025:
10,000 BTC by the end of 2025
21,000 BTC by the end of 2026
According to Bitcointreasuries.net, Metaplanet is currently the 10th largest Bitcoin holder publicly and the largest in Asia. Meanwhile, Michael Saylor's Strategy continues to maintain its global leadership by holding approximately 500,000 BTC.
Stock Performance and Market Impact
After the announcement, Metaplanet's shares rose by 4.8% in the afternoon trading session in Japan. Since the beginning of the year, the stock has increased by 38.7%, reflecting growing investor confidence in the company's Bitcoin-focused strategy.
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Japanese investment firm Metaplanet has purchased Bitcoin again following the appointment of Eric Trump as Advisor! Here are the details.
Japanese investment firm Metaplanet has added approximately 12.6 million dollars worth of 150 BTC to its growing Bitcoin treasury, continuing its aggressive accumulation strategy.
Metaplanet Acquired 12.6 Million Dollars Worth of Bitcoin Following Eric Trump's Appointment as Consultant
The latest purchase at an average price of 83,801 dollars per BTC increased Metaplanet's total assets to 3,350 BTC purchased for 278.8 million dollars. According to current market prices, the company's Bitcoin assets are worth approximately 291.3 million dollars.
Eric Trump Joined as a Strategic Advisor
The company's latest Bitcoin purchase comes a few days after Donald Trump's second son, Eric Trump, was appointed to Metaplanet's Board of Strategic Advisors.
CEO Simon Gerovich stated that Eric Trump's "business expertise and passion for BTC" will help Metaplanet advance its goal of becoming one of the world's leading Bitcoin Treasury Companies.
Metaplanet's Bitcoin Strategy
Since Metaplanet launched its Bitcoin adoption strategy in April 2024, it has been steadily increasing its BTC holdings. The company has set ambitious targets aiming to acquire 10,000 BTC by the end of 2025:
According to Bitcointreasuries.net, Metaplanet is currently the 10th largest Bitcoin holder publicly and the largest in Asia. Meanwhile, Michael Saylor's Strategy continues to maintain its global leadership by holding approximately 500,000 BTC.
Stock Performance and Market Impact
After the announcement, Metaplanet's shares rose by 4.8% in the afternoon trading session in Japan. Since the beginning of the year, the stock has increased by 38.7%, reflecting growing investor confidence in the company's Bitcoin-focused strategy.