Metaplanet acquired 2,823 Bitcoin in the second quarter, taking its total holdings above 43,000 BTC. The company also reported $10.9 million in revenue from its income generation strategy.
Metaplanet acquired 2,823 Bitcoin in the second quarter, taking its total holdings above 43,000 BTC. The company also reported $10.9 million in revenue from its income generation strategy.
The purchase expands the company’s exposure to Bitcoin and further establishes the cryptocurrency as a significant part of its holdings.
Metaplanet bought 2,823 Bitcoin during the second quarter, lifting its total holdings above 43,000 BTC.
The purchase expands the company’s exposure to Bitcoin and further establishes the cryptocurrency as a significant part of its holdings.
Metaplanet said the acquisitions reduced its average purchase cost to $106,500 per Bitcoin.
The company also reported $10.9 million in revenue from its income generation strategy during the period.
Keep exploring
Bitget plans to exit the Japanese market and close all remaining positions by the end of the year. The move adds to ongoing shifts among crypto companies navigating Japan’s regulatory environment.
Read
CoinDesk’s State of Crypto coverage counts down recent developments shaping the crypto policy and market landscape. The report frames these changes as important for how companies and participants navigate the sector.
Read
Strategy said it is holding the dividend on its STRC preferred stock at 12%. The decision keeps the payout unchanged for investors in the company’s yield-focused security.
Read