Japanese Bitcoin treasury company Metaplanet Inc. has just disclosed that it purchased a further 150 BTC. That brings the company's total Bitcoin holdings to 3,350 Bitcoin.
At time of publishing, that means the company holds just over $290 million, or in its local currency that's 42.216 billion yen. The Bitcoin price has inched past $88,000 after having gained 3.5% in the past day, according to CoinGecko data.
Before this purchase the company ranked as the tenth largest corporate holder of Bitcoin in the world.
The Japanese BTC treasury company, whose moto is "secure the future with Bitcoin," also recently announced Eric Trump, son of U.S. President Donald Trump, has joined its board of directors.
Metaplanet Appoints Eric Trump to Newly Formed Strategic Advisory Board
Japanese investment firm Metaplanet Inc. has appointed Eric F. Trump, son of U.S. President Donald Trump, to its newly established Strategic Advisory Board for his “business expertise and passion for Bitcoin.” “This appointment marks a significant step in Metaplanet’s continued mission to drive Bitcoin adoption and strengthen its position as a global leader in the Bitcoin economy,” the company said in a statement on Thursday. Metaplanet expects Eric Trump to bring his experience in “real estate,...
Eric Trump joins the "newly formed team of Strategic Board of Advisors", as posted on social media March 21.
The company said about Trump joining them, specifically, because he will bring experience in “real estate, finance, and brand development” that can help drive BTC adoption.
Metaplanet has already share intentions that it has a target to accumulate 10,000 BTC by 2025 and 21,000 BTC by 2026, with “Asia’s largest-ever equity capital raise for Bitcoin” already a work in progress.
Metaplanet Begins 'Asia's Largest-Ever' Raise to Buy More Bitcoin
Metaplanet Inc., known as Japan’s MicroStrategy, has announced a $745 million (¥116 billion) fundraising initiative in what is being called “Asia’s largest-ever equity capital raise for Bitcoin.” The Tokyo Stock Exchange-listed firm plans to issue 21 million shares of 0% discount moving strike warrants, a type of financial instrument where the price investors pay for shares is directly tied to the market price at the time of purchase. Unlike discounted warrants, this structure avoids diluting ex...
The company's current stock price, on Yahoo Finance, having spiked recently, sits at 5,060 at time of publishing.
The Trump family has its own DeFi platform, WLFI, which has landed the family around $390 million in revenue.
Edited by Stacy Elliott.
