Metaplenet (3350)An investment firm that is listed in Tokyo, said he bought another 463 Bitcoin
Emphasizing the value of the long -term shareholders of the cryptocurrency, even when their shares fell more than 7% to sit in the middle of the value it had in June.
The last purchase cost the company 7,995 billion yen ($ 540 million) At an average price of 17.3 million yen per Bitcoin and carries total holdings to 17,595 BTC. In total, Metaplenet has paid about 261.28 billion yen for its stash.
The purchase occurs in the middle of a drop in the price of Metaplenet shares, which slid at 987 yen on Monday, almost 50% below its June peak. With its value that reflects both the changing price of Bitcoin and the increase in its BTC holdings, Metaplanet is positioning itself as the closest proxy of Asia for a background quoted by Bitcoin Exchange.
The company reported the performance of BTC, which measures the accumulation of Bitcoin per share, of 309.8% for the fourth quarter of 2024 and 129.4% for the second quarter. The yield has slowed 52.6% as of August 4.
