Metaplanet's Bold Bitcoin Strategy Boosts Stock
Metaplanet's stock price has increased by 2.5% in post-lunch trading, indicating positive market reception to its Bitcoin acquisition news.
The company has purchased an additional 42.47 Bitcoins, worth approximately 400 million yen or 2.42 million USD.
Metaplanet is expanding its Bitcoin strategy by setting up a new subsidiary in the British Virgin Islands.
Metaplanet's total Bitcoin holdings have reached 203.734 Bitcoins, with an investment value of 2.05 billion yen.
The company's market cap is at 14.5 billion JPY, with Bitcoin holdings on its balance sheet now amounting to 2 billion JPY.
Dylan LeClair, as the Director of Bitcoin Strategy, is driving Metaplanet's bold moves.
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