Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ADOPTION NEWS»Japan’s Metaplanet Buys $1.2 Million Worth of Bitcoin, Shares Soar 26%
ADOPTION NEWS

Japan’s Metaplanet Buys $1.2 Million Worth of Bitcoin, Shares Soar 26%

By Crypto FlexsJuly 16, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Japan’s Metaplanet Buys .2 Million Worth of Bitcoin, Shares Soar 26%
Share
Facebook Twitter LinkedIn Pinterest Email
Company • July 15, 2024 11:38 PM EDT

Posted 1 minute earlier In ~

Japanese investment firm Metaplanet Inc.’s stock rose 25.8% in early trading Tuesday after the company said it had purchased about $1.26 million worth of additional bitcoin.

Tokyo listed company goes public 21877 I bought an additional 200 million yen worth of Bitcoin today Bitcoin

+0.62%
This brings the total Bitcoin holdings to 225,611 BTC, or approximately 2.25 billion yen (US$14.2 million).

The latest acquisition comes just over a week after the company purchased 42.47 BTC on July 8. In May, the company announced that it had begun adopting Bitcoin as a strategic treasury reserve asset. “This move is a direct response to Japan’s ongoing economic pressures, particularly its high government debt levels, prolonged negative real interest rates, and the resulting weak yen,” the company said at the time.

According to Google Finance, Metaplanet’s stock price rose about 25.81% in morning trading.

Last month, Metaplanet announced that its board of directors had agreed to purchase 1 billion yen ($6.26 million) worth of Bitcoin using capital raised through a bond issue.

According to data from Bitcointreasuries.net, Metaplanet previously purchased Bitcoin on April 23, May 10, June 11, July 1, and July 8.


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information on the cryptocurrency industry. Below are the current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Its Important To Know What’s Really Going On?

June 29, 2025

Elon Musk, SpaceX And Crypto Hype: What’s Really Going On?

June 28, 2025

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Its Important To Know What’s Really Going On?

June 29, 2025

Elon Musk, SpaceX And Crypto Hype: What’s Really Going On?

June 28, 2025

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025
Most Popular

Ethereum NFT monthly sales rise to 10-month high – what happens now?

February 24, 2024

Coinbase, MicroStrategy stock prices rise as Bitcoin surges ahead of halving

April 8, 2024

Brian Armstrong Calls Coinbase’s Base Top Layer 2 Solution

May 4, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.