Metaplanet’s Bitcoin strategy goes strongthat it had acquired an additional 619.7 BTC at an average price of 15.3 million yen per Bitcoin. This brings its total holdings to 1,761.98 BTC, valued at over $164 million at current prices.
Notably, the Tokyo-listed firm’s latest acquisition was funded through a recent 9.5 billion yen bond issuance.Bitcoin was experiencing a notable decline. The king coin dropped below the $100K mark to $94,026.54 at press time. Thus, recording a 12.06% weekly dip according tounderscored its long-term bullish outlook on the cryptocurrency, even amid short-term market volatility.
Last week, the Tokyo-listed firm reaffirmed its commitment by announcing plans to accelerate Bitcoin acquisitions through debt issuance.approach mirrors the strategy pioneered by American software giant MicroStrategy. The company began investing in BTC in 2020 to maximize shareholder value.