The Japanese investment company Metaplanet bought another Bitcoin worth $ 44 million, in which the shares increased by 19% on the day.
Simon Gerovich said the CEO of Metaplanet on March 5 post that the company bought 497 Bitcoins (BTC) for around USD 88,448 for a coin for total expenses of USD 43.9 million. He added that the company reached an annual capacity of 45%.
March 5 of the company disclosure He said that his latest purchase increases the total number of Bitcoin to 2888 BTC at an average purchase price of USD 84,240 per coin. Stash is worth about $ 251 million, and Bitcoin trads around USD 87 150.
Over the past 14 days, Bitcoin has fallen about 8.5% and reached almost three months below USD 79,000 on February 28 among fears about the upcoming trade war from the planned tariffs of US President Donald Trump.
The price of Metaplanet shares on the Tokyo Stock Exchange increased by 19% to 2 in the afternoon of local time on March 5 and traded around 3,985 Japanese yen (26.60 USD), According to to Google Finance.
Stock Metaplanet on March 5. Source: Google Finance
His shares have reached the hit last trade, when Bitcoin Tanked, but remain one of the best performers in the last 12 months, increasing over 1,700%.
The latest purchase of Metaplanet is his second purchase this week, after getting 156 BTC on March 3. Gerovich said at that time that the company examined a potential list outside Japan, for example in the USA.
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Metaplanet has so far purchased 794.5 BTC and reported profits of around $ 66 million for these purchases in the first quarter of 2025. It aims to collect 21,000 BTC by 2026. As part of a broader strategy of running the Japanese Bitcoin Renaissance.
The latest acquisitions forced Metaplanet to become 12. As for the size, Bitcoin corporate owner around the world and the largest in Asia, because it crossed the Games company in Hong Kong Boyaa Interactive Interactive, According to It’s a bitbo.
Source: Simon Gerovich
Gerovich met with officials on the Modern York Stock Exchange and NASDAQ at the end of February to introduce the company’s “platforms and functions”. “We are considering the best way to make shares in Metaplanets more accessible to investors around the world,” he said on March 3.
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