March 03, 2025
11 11 11 AM
Latest Post
Crypto ETPs See Record $2.9B Outflow With Bitcoin Leading Three-Week Streak: CoinShares One Trader Made Millions Betting $200M on BTC Just Before Trump’s Crypto Reserve News SEC Plans to Drop Its Case Against Kraken, Firm Says Layer-2 BOB’s ‘Bitcoin DeFi’ Continues Progress With Fireblocks Integration Hut 8 Reports $331M Net Income in 2024 While Expanding AI Infrastructure The Morning After: Bitcoin Slips Back Below $90K Following Crypto’s Wild Sunday CoinDesk 20 Performance Update: Cardano (ADA) Surges 58.8% as Nearly All Assets Rise Tether Names Simon McWilliams as CFO Amid Push for Full Audit Strategy Bitcoin Holdings Steady Last Week; Company Declares First Preferred Dividend Coinbase Chasing Receipts at SEC to Tally Cost of Agency’s Crypto Saga

Metaplanet Bought the Dip, Purchased a Further 156 BTC

Metaplanet (3350) purchased 156 BTC for $13.4 million at $85,590 per bitcoin. As a result, Metaplanet has achieved a BTC yield of 31.8% year-to-date. As of March 3, Metaplanet now holds 2,391 BTC, for a total amount of $196.3 million, at an average price of $82,100 per bitcoin.

Also, according to Simon Gerovich, CEO of Metaplanet, the company has been formally invited by the New York Stock Exchange (NYSE) and Nasdaq (Nasdaq) to introduce their platforms and functions.

“We are considering the best way to make Metaplanet shares more accessible to investors around the world,” Gerovich said in an X post.

Metaplanet is up approximately $21.3 million on its bitcoin strategy, while its shares are up 20% in Monday’s market, with shares at 4,010 yen.

Metaplanet became the second publicly traded company to announce they bought the bitcoin dip after Bitdeer Technologies said they purchased more.

This post was originally published on this site