3 hours ago
Metaplanet Inc. (3350) bought different 1,009 bitcoin (BTC), bringing its full treasury to 20,000 BTC and overtaking Riot Platforms (RIOT) to go the corp with the sixth-largest treasury holdings of the largest cryptocurrency.
The purchase, valued astatine astir 16.5 cardinal yen ($112 million), demonstrates the Tokyo-based company's committedness to positioning bitcoin arsenic a halfway reserve asset. Its full bitcoin purchases present magnitude to 302.3 cardinal yen astatine an mean outgo of 15.1 cardinal yen per BTC, according to a filing released Monday.
The gait of the firm’s bitcoin accumulation has made it Asia’s astir salient publically traded adopter of the cryptocurrency. From July 1 to Sept. 1, the institution achieved a BTC output of 30.7%, portion its aggregate to nett plus worth (mNAV) sits conscionable beneath 2.
Shares of Metaplanet fell 5.5% to 831 yen.
English (US) 