Metaplanet tops $400M Bitcoin holdings with new $28M purchase

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Japanese investment firm Metaplanet increased its Bitcoin holdings to more than $400 million after its latest purchase.

Metaplanet acquired 330 Bitcoin (BTC) for $28.2 million at an average price of $85,605 per BTC, bringing its total holdings to 4,855 Bitcoin worth $414 million, according to an April 21 post from Simon Gerovich, the CEO of Metaplanet.

The firm’s Bitcoin yield surpassed 119% year-to-date after its latest investment.

Source: Simon Gerovich

Metaplanet issued 2 billion Japanese yen ($13.3 million) of bonds to buy more Bitcoin on March 31,…



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Metaplanet tops $400M Bitcoin holdings with new $28M purchase


Japanese investment firm Metaplanet increased its Bitcoin holdings to more than $400 million after its latest purchase.

Metaplanet acquired 330 Bitcoin (BTC) for $28.2 million at an average price of $85,605 per BTC, bringing its total holdings to 4,855 Bitcoin worth $414 million, according to an April 21 post from Simon Gerovich, the CEO of Metaplanet.

The firm’s Bitcoin yield surpassed 119% year-to-date after its latest investment.

Source: Simon Gerovich

Metaplanet issued 2 billion Japanese yen ($13.3 million) of bonds to buy more Bitcoin on March 31,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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