Metaplanet Corporation, a Japanese entity, has progressed towards their objective of amassing 10,000 Bitcoins by 2025, following the acquisition of an additional 145 Bitcoins.
Crypto News Flash: Metaplanet's Bitcoin Journey
Ready, Set, HODL! Metaplanet, the Japanese hotel and investment company, is on a roll as they snap up more Bitcoin! Just yesterday, they announced the purchase of another 145 coins, pushing their total holdings to a staggering 5,000 BTC - that's half of their ultimate goal for this year!
With a strategic approach, Metaplanet has been shoring up their Bitcoin treasure chest, funding their acquisitions through capital market activities and operating income[1]. The latest batch cost them around $92,885 per coin, totaling $13.473 million[1].
Their CEO, Simon Gerovich, is mighty proud, stating, "We've reached 50% of our initial goal of 10,000 BTC by the end of 2025. This is a massive leap forward in our mission to become a global Bitcoin heavyweight from Japan." And the race isn't over yet! The company plans to keep going, aiming to own an impressive 21,000 BTC by 2026[2][5].
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Investing in cryptocurrencies involves significant risks. Always do your own research and be cautious!
Sources:
- https://cointelegraph.com
- https://wsj.com
- https://bitcoinmagazine.com
- https://decrypt.co
- https://www.thegeekdigest.com
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Amidst the rush of cryptocurrency investments, Metaplanet's Bitcoin Journey continues to captivate the finance world, with their latest purchase of 145 BTC bringing their total to 5,000. This achievement represents 50% of their initial goal for 2025, with ambitions to own an impressive 21,000 BTC by 2026. Meanwhile, in the altcoin market, Solstice Labs launches USX, a transparent yield Solana-native stablecoin, while Ika secures a strategic investment from Sui Foundation, bringing their funding to over $21 million. For the latest stories in the crypto world, don't forget to check out our Daily Hodl Mix and join us on Telegram, X, and Facebook.
Investing in cryptocurrencies involves significant risks. Always do your own research and be cautious!
