Metaplanet Acquires Additional Bitcoins for 300 Million Yen; Shares Jump 7%

MT Newswires Live

2024-09-11

Metaplanet Acquires Additional Bitcoins for 300 Million Yen; Shares Jump 7%

Metaplanet (TYO:3350) has acquired an additional 38.464 bitcoins for 300 million yen, averaging about 7.8 million yen per bitcoin, according to a Tuesday filing with the Tokyo Stock Exchange.

This brings the group's total holdings to 398.832 bitcoins, with an average purchase price of 9.4 million yen per bitcoin and a cumulative investment of 3.75 billion yen.

The group operates a hotel business and provides bitcoin investment, investor relations and web3 consultation.

Metaplanet's shares gained more than 7% in recent trading.

Price (JPY): $1180.00, Change: $+79, Percent Change: +7.18%

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