Metaplanet Strengthens Position as Leading Non-US Bitcoin Treasury with 780 BTC Purchase
Main Idea
Metaplanet has become the leading non-US Bitcoin treasury with 17,132 BTC, following a recent purchase of 780 BTC, and its strategic approach focuses on compliance with Japan's regulatory and tax environment.
Key Points
1. Metaplanet holds 17,132 BTC, making it the seventh-largest Bitcoin treasury globally and the top non-US holder.
2. The company recently acquired 780 BTC at an average price of $118,145 per coin, totaling approximately $92 million.
3. Metaplanet's total Bitcoin investment is around $1.7 billion, with an average cost of $99,640 per coin.
4. CEO Simon Gerovich highlighted the firm's Japan-native model, which complies with local laws and offers tax-free Bitcoin exposure.
5. Metaplanet's stock price has surged by 517% over the past year, reflecting strong investor confidence in its Bitcoin-centric strategy.
Description
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