15 hours ago
Bitcoin-stacking Metaplanet has snapped up different 156 Bitcoin arsenic the firm’s CEO says it’s exploring “ways to marque its shares much accessible.”
Bitcoin-stacking concern steadfast Metaplanet purchased different 156 Bitcoin connected March 3 arsenic its CEO said the steadfast is exploring a imaginable listing extracurricular of Japan, specified arsenic the United States.
The 156 Bitcoin (BTC) was purchased for astir $13.4 cardinal astatine $85,890 per coin, bringing Metaplanet’s total Bitcoin stash to 2,391 BTC, the institution said successful a March 3 statement.
The Simon Gerovich-led steadfast has present bought $196.3 cardinal worthy of Bitcoin astatine an mean purchasing terms of $82,100 per Bitcoin, putting it up 13% since it archetypal started its Bitcoin concern strategy successful April past year.
Source: Simon Gerovich
It comes arsenic Gerovich met with officials astatine the New York Stock Exchange and Nasdaq implicit the past week to present Metaplanet’s “platforms and functions.”
“We are considering the champion mode to marque Metaplanet shares much accessible to investors astir the world,” Gerovich said successful a March 3 X post.
Metaplanet whitethorn determine not to database successful the United States.
Metaplanet’s CEO Simon Gerovich pictured by the doorbell astatine the New York Stock Exchange. Source: Simon Gerovich
Cointelegraph reached retired to Metaplanet for remark but didn’t person an contiguous response.
Related: Metaplanet raises 4B JPY successful 0% involvement bonds to bargain much BTC
Metaplanet (MTPLF) shares person already been trading connected OTC Markets since November, making the company’s banal much accessible to planetary investors.
OTC Markets is simply a US-based fiscal marketplace providing terms and liquidity accusation for around 12,400 over-the-counter securities, galore of which are international.
MTPLF shares person risen 530% from $3 to $18.9 since launching connected Nov. 22.
Metaplanet has besides been 1 of the champion performers connected the Tokyo Stock Exchange implicit the past 12 months, expanding 1,800%, Google Finance data shows.
Metaplanet is presently the 14th largest firm Bitcoin holder successful the world, according to BitBo’s BitcoinTreasuries.NET data.
Metaplanet has adopted a range of fiscal instruments to assistance its Bitcoin strategy since April and is aiming to accumulate 21,000 Bitcoin by 2026 arsenic portion of its broader strategy to pb Japan’s Bitcoin renaissance.
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