Metaplanet Stock Soars 6% Following Another Bitcoin (BTC) Acquisition

  • 📰 Crypto_Potato
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Crypto Blog

Japanese investment firm Metaplanet Inc. announced today that it has purchased an additional 38.464 BTC, worth approximately 300 million yen .

The investment strategy has been compared to that of the U.S.-based software company MicroStrategy, led by Michael Saylor, which is currently the largest corporate Bitcoin holder with over 226,500 BTC, according to BitcoinTreasuries This recent purchase of 38.464 BTC follows earlier acquisitions, including 42.4 BTC in July, 19.87 BTC in May, and 97.85 BTC in April. The company alsoThe collaboration grants Metaplanet access to a compliant corporate custody service designed to optimize tax efficiency while leveraging Bitcoin as collateral for financing.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 568. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: Wall Street drifts as Oracle soars and banks and oil slumpU.S. stocks drifted to a mixed close following several weeks of sharp swings
Source: latimes - 🏆 11. / 82 Read more »