{"id":96474,"date":"2024-10-15T03:06:44","date_gmt":"2024-10-15T07:06:44","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=96474"},"modified":"2024-10-15T03:08:02","modified_gmt":"2024-10-15T07:08:02","slug":"metaplanet-share-jump-15-after-bitcoin-purchase","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/metaplanet-share-jump-15-after-bitcoin-purchase\/","title":{"rendered":"Metaplanet Shares Jump 15% After Bitcoin Purchase"},"content":{"rendered":"\n

Metaplanet's shares jumped 15.7% <\/a>after buying 107 Bitcoin for $6.7 million, raising its total holdings to 855.5, valued at over $56.1 million.<\/p>\n\n\n\n

\"Metaplanet
Metaplanet Shares Jump 15% After Bitcoin Purchase<\/figcaption><\/figure>\n\n\n\n

On October 15, shares of Metaplanet increased by 15.7% following the announcement that the Japanese investment firm<\/a> had made its most recent purchase of around 107 Bitcoin, valued at approximately $6.7 million.<\/p>\n\n\n\n

Because of the most recent acquisition, Metaplanet now possesses a total of 855.5 Bitcoin, which is worth more than $56.1 million, according to a statement released by the company on October 15.<\/p>\n\n\n\n

Each Bitcoin cost approximately $62,520, which is 5.8% less than the market price of $66,200 at the time of Metaplanet's announcement. The company stated that it spent nearly $6.7 million, which is equivalent to one billion yen, in order to purchase 106.976 BTC.<\/p>\n\n\n\n

\"\"
Details of Metaplanet\u2019s latest Bitcoin purchase. Source: Metaplanet<\/figcaption><\/figure>\n\n\n\n

According to the data provided by Google Finance, Metaplanet (TYO: 3350) was trading at 1,105 yen ($7.38) before the Tokyo Stock Exchange broke for lunch at 11:30 am local time on October 15. This is a 15.7% increase from its closing price on October 14.<\/p>\n\n\n\n

\"\"
Metaplanet\u2019s change in share price over the last five days. Source: Google Finance<\/figcaption><\/figure>\n\n\n\n

The company's share price has increased by 480% since it first disclosed its Bitcoin investing strategy at the beginning of April. As of right now, they havespent the equivalent of $53.2 million for the 855 Bitcoin that it possesses, and the company's investment in Bitcoin has increased by 5.4%.<\/p>\n\n\n\n

There have been four previous purchases of Bitcoin made by Metaplanet earlier this month, which have resulted in a more than twofold increase in the company's Bitcoin holdings. On October 11th, the company purchased 109 Bitcoin, and on October 7th, it had purchased 108.8 Bitcoin.<\/p>\n\n\n\n

According to statistics from Bitcoin Treasuries, Metaplanet obtained a total of 132 Bitcoin in two separate transactions on October 1 and October 3, all of which occurred earlier this month.<\/p>\n\n\n\n

According to data provided by CoinGecko, Bitcoin had a price increase of more than nine percent, reaching $65,500, between the time that they purchased Bitcoin on October 11 and the time that it purchased Bitcoin today.<\/p>\n\n\n\n

The CEO of Metaplanet, Simon Gerovich<\/a>, has revealed that MicroStrategy and its executive chairman, Michael Saylor, influenced his company's Bitcoin investment strategy. Saylor's company currently possesses over 252,000 bitcoins worth $16.45 billion.<\/p>\n\n\n\n

Gerovich's company announced in May that it will utilize a wide variety of capital market instruments to bolster its Bitcoin reserves. MicroStrategy's playbook parallels this strategy.<\/p>\n\n\n\n

One of the company's owners provided a loan of $6.8 million so they could buy more Bitcoin in August. According to data from Bitcoin Treasuries,\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> Metaplanet ranks 23rd among publicly traded firms in terms of total Bitcoin holdings.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Metaplanet’s shares jumped 15.7% after buying 107 Bitcoin for $6.7 million, raising its total holdings to 855.5, valued at over $56.1 million. On October 15, shares of Metaplanet increased by 15.7% following the announcement that the Japanese investment firm had made its most recent purchase of around 107 Bitcoin, valued at approximately $6.7 million. Because […]<\/p>\n","protected":false},"author":62,"featured_media":96480,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83],"tags":[152,22363,19076],"class_list":["post-96474","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-japanese-investment","tag-metaplanet-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/10\/jpl_1_05d7c4eda3.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/96474","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=96474"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/96474\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/96480"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=96474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=96474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=96474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}