Metaplanet spends 390 million yen to increase its position in Bitcoin! The total holdings have exceeded 203 coins

Following last month’s announcement that it would “issue bonds to raise funds to purchase Bitcoin,” the Japanese listed company Metaplanet issued an announcement today (8th) stating that it had spent 390 million yen (approximately US$2.44 million) and increased its holdings by an additional 42.47 Bitcoin.

Currently, the total number of Bitcoins held by Metaplanet has reached approximately 203.734, worth approximately US$11.73 million, and the average cost of each Bitcoin is US$62,719.

Metaplanet is a cryptocurrency investment and consulting company listed in Tokyo. In May this year, it officially adopted Bitcoin as a "strategic reserve asset" to seek safe havens, hoping to use it to hedge against Japan's high financial debt and the sharp depreciation of the yen. severe situation.

Metaplanet announced on June 24 this year that after discussion by the board of directors, it was decided that the company would issue 1 billion yen (approximately US$6.26 million) in bonds to raise funds to increase its holdings of Bitcoin, following the example of MicroStrategy in raising funds from the market to increase its purchases. How to get into Bitcoin.

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