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»BITCOIN NEWS»Metaplanet purchases additional Bitcoin worth 250 million yen
BITCOIN NEWS

Metaplanet purchases additional Bitcoin worth 250 million yen

By Crypto FlexsMay 28, 20241 Min Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Metaplanet purchases additional Bitcoin worth 250 million yen
Share
Facebook Twitter LinkedIn Pinterest Email

Japanese listed company Metaplanet Inc. (TSE ticker: 3350) announced a significant boost to its Bitcoin holdings. At a recent board meeting, the company decided to purchase an additional 250 million yen worth of Bitcoin, currently worth $1.6 million.

JUST IN: 🇯🇵 Japanese listed company Metaplanet makes additional purchases worth 250 million yen #Bitcoin pic.twitter.com/YmRDiLl02z

— Bitcoin Magazine (@BitcoinMagazine) May 28, 2024

Metaplanet recently outlined its approach to Bitcoin management. The company also stated that Bitcoin acquired for long-term purposes is recorded at cost, ensuring stable accounting over time. Conversely, Bitcoin held for short-term purposes is revalued to market value on a quarterly basis. Unrealized gains and losses resulting from these short-term holdings are recorded in the non-operating income section of the income statement to provide transparency and adjust for market fluctuations.

This strategic purchase follows a series of similar moves by companies around the world, highlighting Bitcoin’s growing acceptance as a strategic and valuable asset class. Metaplanet also acquired an additional 19.87 BTC for a purchase price of 200 million yen early this month.

More information about Metaplanet can be found on their website here.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Sequans starts $ 384M Bitcoin Treasury Initiative with Swan Bitcoin Partnership.

June 23, 2025

ECB Chairman Lagarde aims to seize the global order to strengthen the Euro’s global position.

June 17, 2025

Bitcoin aims for $ 115K after US CPI data prefers investors.

June 11, 2025
Add A Comment

Comments are closed.

Recent Posts

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

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Join Earn Mining To Mine Easily And Earn $7752 A Day

June 26, 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

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
Most Popular

Bitcoin finally prepares for a ‘golden cross’ that triggered a 170% rise in BTC price

May 17, 2024

ELON Musk is harassing the launch of the AI ​​chatbot.

February 17, 2025

ETH ETF approval faces uncertainty due to market turmoil and SEC resistance

March 3, 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.