
Metaplanet holds 1,762 Bitcoin and wants to increase its stash by 467% to hold 10,000 in total.
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Metaplanet’s latest Bitcoin purchase makes it the second-largest corporate Bitcoin holder in Asia behind Boyaa Interactive International, which holds 1,100 BTC.
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Metaplanet has already doubled its Bitcoin holdings this month across four purchases totaling over 450 Bitcoin.
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Metaplanet’s stock has jumped 480% since it unveiled its Bitcoin strategy in April, but the firm is down 13% on its investment.
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Just two days after revealing plans to raise $70 million via a stock rights offering, ‘Asia’s MicroStrategy’ has taken a $6.8 million loan from one of its shareholders to buy more Bitcoin.
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Shares in Metaplanet and Semler Scientific are up double and triple digits since the firms followed MicroStrategy’s Bitcoin playbook this year.
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