Metaplanet Successfully Purchased Bitcoin Worth 500 Million Yen

Bittime - Metaplanet Inc. managed to buy 500 million yen worth of Bitcoin, increasing his total holdings to 303,095 coins.

Metaplanet Successfully Purchased Bitcoin Worth 500 Million Yen

On August 13, 2024, Japanese registered company Metaplanet Inc. announced that they had successfully completed the purchase of Bitcoin worth 500 million yen. 

As part of a Bitcoin lending and purchasing program worth a total of 1 billion yen previously announced by the company. 

In this purchase, Metaplanet obtained 57,103 Bitcoins with an average purchase price of 8,756,107 yen per coin.

Also Read: Yescoin Airdrop Team Wants to Maximize Potential with New Feature Updates!

Metaplanet Has a Total of 303,095 Bitcoins

Metaplanet now holds a total of 303,095 Bitcoins, which were purchased at an average price of 9,732,933 yen per coin, increasing the company's total Bitcoin holdings to 295 million yen. This strategic move shows Metaplanet's commitment to increasing its digital asset portfolio 

Metaplanet Confident in Bitcoin's Long-Term Value

Previously obtained a loan worth 1 billion yen with an annual interest rate of 0.1% to fund Bitcoin purchases. This strategy shows Metaplanet's confidence in the possible long-term value of the digital asset Bitcoin.

Metaplanet in Safe Position

Metaplanet is well positioned to take advantage of Bitcoin's future increase in value due to its large Bitcoin holdings. 

Metaplanet Has the Potential to Lead Digital Asset Investment

Metaplanet demonstrates their commitment to being a leader in digital asset adoption and investment and prepares themselves to face future challenges and opportunities in the ever-evolving crypto ecosystem.

Conclusion

To demonstrate its commitment to digital assets, Metaplanet Inc. managed to buy 500 million yen worth of Bitcoin, increasing their total Bitcoin holdings to 303,095 coins. 

With this purchasing strategy, Metaplanet is in a strong position to capitalize on Bitcoin's potential future rise in value. 

This move strengthens the company's position as a leader in digital asset investment and confirms the company's confidence in Bitcoin's long-term prospects.

How to Buy Crypto on Bittime

You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

Monitor graphic movement of Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.