Metaplanet Acquires 150 BTC for $12.6M, Appoints Eric Trump to Advisory Board

Japanese investment firm Metaplanet has expanded its Bitcoin holdings by purchasing an additional 150 BTC for approximately $12.6 million (1.9 billion yen), bringing its total holdings to 3,350 BTC. This move reinforces Metaplanet's position as Japan's largest corporate Bitcoin holder.

The company has been actively increasing its Bitcoin reserves since formalizing its Bitcoin treasury strategy in December 2024. Metaplanet's average purchase price for Bitcoin is $83,224, with a total investment cost of $278 million.

Metaplanet aims to reach 10,000 BTC by the end of 2025 and 21,000 BTC by 2026, which would account for 1% of the total Bitcoin supply. The company has also utilized zero-coupon bonds and stock warrants to fund its Bitcoin acquisitions under its '21 Million Plan.'

Additionally, Metaplanet recently appointed Eric Trump to its advisory board, signaling a strategic alignment in its corporate governance and Bitcoin investment initiatives. The firm also conducted a shareholder crash course on Bitcoin as part of its broader educational efforts.

Metaplanet's stock price increased by 6.98% to close at 5,060 yen on March 24, reflecting investor confidence in its Bitcoin strategy.

This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.