Metaplanet’s 20k BTC Holdings versus sliding stocks: Where does feelings head? star-news.press/wp

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Japan’s Metaplanet has strengthened Bitcoin’s possessions to 20,000 BTC with a purchase of $ 112 million, which enhances its place as the best company holder in the country, although its shares are continuing to decline.

Japanese Metaplanet continues the accumulation of aggressive bitcoin (BTC), and an additional 1,009 BTC purchased for about 16.48 billion yen ($ 112 million).

With this last purchase, the company’s Treasury swelled to the amazing 20,000 BTC, which increased its position as the largest bitcoin holder in the country and sent ripples through its share price.

Metaplanet Bitcoin Holdings

According to her last talk presentationMetaplanet bought the latest 1,009 BTC at an average price of about $ 111.068 per coin, which increased its wardrobe to 20,000 BTC.

If you look closely, Metaplanet follows the “DIP” strategy similar to the Silor Extended, which is widely recognized as a Microstrategy’s approach to bitcoin accumulation.

This prompted the company to sixth in the world among public companies carrying Bitcoin, probably the superiority of riots, according to data from Bitcointreasuries.net.

The company also revealed performance measures that reflect the strategy of the accumulation of aggressive bitcoin.

BTC’s return, which measures the percentage of change in the total number of holdings to the fully reduced shares, came 30.7 % for a period from July to September.

This was less than the previous quarter, when the return rose to 129.4 %, but it still confirms the company’s rapid accumulation.

Other plans to strengthen bitcoin

Metaplanet also contributed to the last exercise of the 20 Rights Rights Rights.

It was released on June 23, the last tranche was practiced from 27 to 29 August, which resulted in the issuance of more than 739 million shares, including nearly 26,000 treasury shares.

By the end of August, the company’s total shares of the company amounted to 751.2 million, with 11.5 million shares practiced during the reports window.

According to Companistmarkcap Data On the companies that carry or accept Bitcoin, Metapanet now ranks twelfth in terms of market value.

However, despite the increasing bitcoin cache, the company’s shares were performed under pressure.

stock Decline 5.46 % to 831 ¥ on the first of September, which represents a decrease of approximately 7 % from the previous week.

Will the investor confidence remain?

Analysts suggest that weakness reflects the wider stock market trends instead of the investor’s doubts about the company’s Bitcoin’s strategy.

In addition, bitcoin is modest restoration Not much did not to cushion the performance of the sliding stock from Metaplanet.

While the company got its location among the largest bitcoin treasury bonds in the world, the aggressive acquisition strategy now faces the market morale test.

Since the company doubles its first approach to Bitcoin, its ability to maintain the investor’s confidence amid the escalation of price price pressure will be determined that it will determine the sustainability of the bold treasury strategy.