Metaplanet Buys Another 107 Bitcoin, Pushing Stock-BTC Ratio to 20%

Metaplanet Buys Another 107 Bitcoin, Pushing Stock-BTC Ratio to 20%

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Source: Coindesk.com

Metaplanet has acquired an additional 107 BTC at an average price of $64,168 per bitcoin, totaling $6.9 million, funded by a loan from MMXX Ventures. The company now holds over 500 BTC, using it as a strategic reserve to hedge against yen volatility and Japan's debt, leading to a significant 420% increase in its stock price since

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The post "Metaplanet Buys Another 107 Bitcoin, Pushing Stock-BTC Ratio to 20%" appeared first here Coindesk.com.

Source: Coindesk.com

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