The directors of Tokyo-based investment and consulting firm Metaplanet Inc. have approved the company’s proposal to purchase Bitcoin worth $6.25 million using bond proceeds. Metaplanet clarified that the acquired cryptocurrency will be recorded at its acquisition cost for long-term holdings. The company’s stock has surged by almost 500% since the beginning of the year. Valuation […]
Source: https://news.bitcoin.com/metaplanet-directors-approve-btc-acquisition-plan-companys-stock-up-by-nearly-500-ytd/
Metaplanet Directors Approve BTC Acquisition Plan; Company’s Stock up by Nearly 500% YTD
