Metaplanet Expands Bitcoin Holdings With $2.4 Million Purchase

Quick Summary:

Metaplanet Expands Bitcoin Holdings In a press release dated July 8, Tokyo-based Metaplanet announced its strategic acquisition of Bitcoin.  This move aims to improve its long-term financial strategy by holding the cryptocurrency as a "strategic treasury reserve asset.” Notably, the latest purchase brings Metaplanet’s total Bitcoin holdings to over 203 BTC.

These include high government debt levels, extended periods of negative real interest rates, and a persistently weak yen.

This trend includes large companies such as MicroStrategy, which currently holds 226,331 BTC valued at $14.1 billion as of July 2024.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Sofiya

Category: Crypto

Markets: IndiaGermanyJapan

Topics: Million Latest Crypto Metaplanet’s July Bitcoin Metaplanet Expands Asset Holdings News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-15 @ 20:28:39 (1 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 352 words

Reading Time: 2 minutes read

Sentences: 27 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 21636922

View Article Analysis

About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 20 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #121

Publisher Details

Frequently Asked Questions