CryptoIntelligence
2024-07-16 23:10:07

Metaplanet Buys $1.2M in Bitcoin Amid Rally, Shares Soar 25%

Bitcoin-stacking investment firm Metaplanet has made a significant move by purchasing an additional 21.88 Bitcoin, valued at over $1.2 million (200 million Japanese yen), amid a recent Bitcoin rally that has driven prices close to $65,000. In its latest purchase statement dated July 16, the Japan-based firm revealed that its total Bitcoin holdings now stand at 225.6 Bitcoin, valued at approximately $14.6 million. This recent acquisition, coupled with a 4.4% rise in Bitcoin’s price over the last 24 hours, has led to a notable surge in Metaplanet’s share prices. According to Google Finance data, the company’s shares jumped 25.8% to

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.