Metaplanet Directors Approve BTC Acquisition Plan; Company’s Stock up by Nearly 500% YTD

Metaplanet Directors Approve BTC Acquisition Plan; Company’s Stock up by Nearly 500% YTD

[unable to retrieve full-text content]Metaplanet Directors Approve BTC Acquisition Plan; Company’s Stock up by Nearly 500% YTDThe directors of Tokyo-based investment and consulting firm Metaplanet Inc. have approved the company’s proposal to purchase Bitcoin worth $6.25 million using bond proceeds. Metaplanet clarified that the acquired cryptocurrency will be recorded at its acquisition cost for long-term holdings. The company’s stock has surged by almost 500% since the beginning of the year. Valuation […]
Published at Mon, 24 Jun 2024 19:10:10 +0200

Previous ArticleNext Article

Leave a Reply

Your email address will not be published.