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Metaplanet buys another 696 BTC after solid quarter income

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Japan -based Metaplanet has purchased more than 696 Bitcoin today to push its total assets to 4,046 BTC after the company declared solid revenue from Bitcoin holdings in the first quarter of this year.

According to April 1 announcementThe last purchase of the company was carried out with a purchase price of $ 97,512 per 14,586.230 Yen or Bitcoin.

Metaplanet has been produced more than 770m Yen through Bitcoin options

In addition to BTC purchase, Metaplanet announced that it earns 770.3 million yen income from Bitcoin. These options are futures contracts that bet on the price of the fundamental asset.

When the metaplanet writes the contracts, Bitcoin The price stood at the highest level of all time over $ 100,000. Since then, the largest crypto has fallen significantly from the market value trade 6:53 am est.

Metaplanet 405 BTC is the 9th largest globally.

Metaplanet is currently globally the 10th largest corporate Bitcoin owner and the largest corporate owner in Asia. BitcoinTreasuries.net. This is located next to other major companies that hold Bitcoin, including Strategy (Microstrategy), Tesla, Mara Holdings, Riot platforms and Coinbase Global.

With the latest purchase, Metaplanet is only 405 BTC from claiming that Bitcoin Group is the 9th largest corporate owner.

Investors reacted positively to Metaplanet’s BTC purchasing announcement. Google Finance data It shows that the company’s shares have increased by 2% today. There was stock It dived 8% yesterday after Metaplanet announced It plans to buy more Bitcoin for more than 2 billion.

Since the company started to build Bitcoin stock in April last year, Metaplanet’s shares have increased by more than 2,000%.

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