Metaplanet, Japan’s largest Bitcoin treasury firm, bought 1,009 BTC to reach 20,000 BTC in holdings while issuing millions of new shares.
Japan’s top Bitcoin treasury firm, Metaplanet, just acquired 1,009 BTC, reaching 20,000 BTC of holdings just as the firm issues millions of new shares.
According to a Monday Metaplanet announcement, the firm acquired 1,009 BTC and reached 20,000 BTC for 16.479 billion yen (nearly $112 million). On the same day, the firm announced the issuance of 11.5 million new shares last week, following an investor’s exercise of warrants to acquire stock.
According to BitcoinTreasuries.net data, Metaplanet is currently the sixth biggest and top Japanese Bitcoin treasury. The firm paid an average price of $102,607 per Bitcoin, which results in a 6.75% profit compared to Bitcoin’s price at the time of writing.
