Tokyo-based company Metaplanet has announced the acquisition of 330 BTC valued at $28.2 million. This increase in Bitcoin reserves emphasizes the company’s strategic focus on accumulating digital assets.
Company Strategy on BTC
Metaplanet has adapted its corporate strategy to focus on Bitcoin accumulation. This decision is supported by a blend of equity offerings and bond issuances, reflecting the firm’s commitment to increasing its presence in the cryptocurrency sector.
Current Results and Achievements
According to the latest report, Metaplanet has recorded a year-to-date Bitcoin yield of 119.3%. This strong performance arises amid a broader crypto market rally, with Bitcoin recently trading at $87,300.
Future Plans and Strategic Advice
In the upcoming weeks, the company plans to invest another $10 million in Bitcoin, further confirming its robust investment approach towards BTC. With the addition of Eric Trump to its Strategic Board of Advisors, the company is strengthening its market position.
Metaplanet continues to increase its Bitcoin reserves following its strategy of accumulating cryptocurrency, potentially strengthening its position in the growing digital asset market.
