Metaplanet (3350) purchased 156 BTC for $13.4 million at $85,590 per bitcoin. As a result, Metaplanet has achieved a BTC yield of 31.8% year-to-date. As of March 3, Metaplanet now holds 2,391 BTC, for a total amount of $196.3 million, at an average price of $82,100 per bitcoin.
Also, according to Simon Gerovich, CEO of Metaplanet, the company has been formally invited by the New York Stock Exchange (NYSE) and Nasdaq (Nasdaq) to introduce their platforms and functions.
“We are considering the best way to make Metaplanet shares more accessible to investors around the world,” Gerovich said in an X post.
Metaplanet is up approximately $21.3 million on its bitcoin strategy, while its shares are up 20% in Monday’s market, with shares at 4,010 yen.
Metaplanet became the second publicly traded company to announce they bought the bitcoin dip after Bitdeer Technologies said they purchased more.
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
Softer than expected private inflation data did spark some hope that the Friday decline could…
Bitcoin Magazine Why The Bitcoin Bear Market Is Almost Finished Bitcoin has struggled to maintain…
The bank’s volatility-adjusted bitcoin-to-gold model still points to a theoretical price around $170K over the…
What to Know: IMF concerns about dollar stablecoins eroding local currencies reinforce the appeal of…
Another $113 million exited on Thursday, putting the fund on track for a sixth week…
Bitcoin’s early week rally unraveled as sharp ETF outflows, aggressive derivatives deleveraging and muted altcoin…