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Metaplanet Directors Approve BTC Acquisition Plan; Company’s Stock up by Nearly 500% YTD

June 24, 2024
in Bitcoin
Reading Time: 1 min read
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Metaplanet Directors Approve BTC Acquisition Plan; Company’s Stock up by Nearly 500% YTD
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The directors of Tokyo-based investment and consulting firm Metaplanet Inc. have approved the company’s proposal to purchase Bitcoin worth $6.25 million using bond proceeds. Metaplanet clarified that the acquired cryptocurrency will be recorded at its acquisition cost for long-term holdings. The company’s stock has surged by almost 500% since the beginning of the year. Valuation […]
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