{"id":17407,"date":"2024-10-01T09:51:04","date_gmt":"2024-10-01T06:51:04","guid":{"rendered":"https:\/\/forklog.com\/en\/metaplanets-bitcoin-holdings-surpass-500-btc\/"},"modified":"2024-10-01T09:51:04","modified_gmt":"2024-10-01T06:51:04","slug":"metaplanets-bitcoin-holdings-surpass-500-btc","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/metaplanets-bitcoin-holdings-surpass-500-btc\/","title":{"rendered":"Metaplanet’s Bitcoin Holdings Surpass 500 BTC"},"content":{"rendered":"

The Japanese public company Metaplanet acquired<\/a> an additional 107.913 BTC for 1 billion yen ($6.9 million). <\/p>\n

The average price of the transaction was 9.26 million yen ($64,168) per bitcoin. The firm’s total coin holdings have reached 506.745 BTC ($32.2 million). They have spent 4.75 billion yen at an average cost of 9.37 million yen ($64,931). <\/p>\n

The company’s shares have risen by 1.72% in the past day.<\/p>\n

\"Metaplanet's
Metaplanet shares. Data: Yahoo Finance<\/a>.<\/figcaption><\/figure>\n

Metaplanet has been actively investing in the leading cryptocurrency over the past few months. In September, its reserves approached 400 BTC. <\/p>\n

In August, the CEO of the Japanese firm, Simon Gerovich, advocated<\/a> for “always accumulating bitcoin.” Metaplanet utilizes<\/a> borrowed capital for its investments. <\/p>\n

Back in April, the company announced<\/a> the transfer of funds into digital gold. In a letter to investors, it explained the decision was due to the persistent weakening of the yen as a result of negative interest rate policies. <\/p>\n","protected":false},"excerpt":{"rendered":"

The Japanese public company Metaplanet acquired an additional 107.913 BTC for 1 billion yen ($6.9 million). The average price of the transaction was 9.26 million yen ($64,168) per bitcoin. The firm’s total coin holdings have reached 506.745 BTC ($32.2 million). They have spent 4.75 billion yen at an average cost of 9.37 million yen ($64,931). […]<\/p>\n","protected":false},"author":1,"featured_media":17406,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1538,1156,135],"class_list":["post-17407","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-purchase","tag-institutional-investors-and-whales","tag-japan"],"aioseo_notices":[],"amp_enabled":true,"views":"37","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/17407","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=17407"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/17407\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/17406"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=17407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=17407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=17407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}