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Japanese Investment Company Metaplanet Continues to Implement the '21 Million Plan'! They Bought Bitcoin Again! Here are the Details
Japanese investment company Metaplanet, known as the "Strategy of Japan", has increased its Bitcoin (BTC) assets to 2,100 BTC, securing 0.01% of the total Bitcoin supply that will exist.
Metaplanet Increased Its Bitcoin Assets to 2,100 BTC with $6.6 Million in Recent Purchases
The company bought an additional 68.59 BTC for an average price of $96,335 per BTC, totaling $6.6 million. This purchase is part of the ambitious '21 Million Plan', which aims to strengthen Metaplanet's Bitcoin treasury strategy.
Stock Split and Stock Dividend Announcement
According to Dylan Le Clair, Metaplanet successfully raised $20 million in equity in just the first two trading days of its Bitcoin-focused expansion strategy.
In addition, the company announced a 1-for-10 stock split that will take effect on April 1, 2025. This was a significant move just eight months after the 1-for-10 reverse stock split.
Metaplanet shares rose more than 1% in the market, and the shares are currently trading at 6,260 JPY.
Metaplanet's Bitcoin accumulation strategy is similar to that of Strategy, which has aggressively increased its BTC holdings as part of its long-term treasury reserve strategy.