Bitcoin

Japan’s Metaplanet buys more Bitcoin, explores potential US listing

The Bitcoin Metaplanet stacking investment company bought 156 other bitcoin on March 3, because its CEO said that the company explored a potential list outside Japan, like the United States.

The 156 Bitcoin (BTC) was bought for around $ 13.4 million at $ 85,890 per room, bearing the total hiding place of Metaplanet bitcoin at 2,391 BTC, the company said in a press release on March 3.

The company led by Simon Gerovich has now bought a value of 196.3 million dollars in bitcoin at an average purchase price of $ 82,100 per Bitcoin, which placed it 13% since its start of the Bitcoin investment strategy in April of last year.

Source: Simon Gerovich

This occurs while Gerovich met officials from the New York and Nasdaq Stock Exchange in the last week to present Metaplanet’s “platforms and functions”.

“We are considering the best way to make Metaplanet actions more accessible to investors around the world,” said Gerovich in a post of March 3.

Metaplanet may decide not to list in the United States.

Metaplanet CEO Simon Gerovich, illustrated by The Bell on the New York Stock Exchange. Source: Simon Gerovich

Cointelegraph set out to Metaplanet to comment but did not receive an immediate response.

In relation: Metaplanet increases 4b JPY in 0% interest bonds to buy more BTC

Metaplanet’s shares (MTPLF) are already negotiating in the over the counter markets since November, which makes the actions of the company more accessible to international investors.

The OTC markets are a financial market based in the United States providing information on prices and liquidity for approximately 12,400 sales securities on the edge, many of which are international.

MTPLF shares have increased by $ 330 to $ 3 to $ 18.9 since their launch on November 22.

Metaplanet was also one of the best performers on the Tokyo Stock Exchange in the last 12 months, increasing 1,800%, according to Google financing data.

Metaplanet is currently the 14th largest corporate bitcoin holder in the world, according to BitcoinTareries.net de Bitbo data.

Metaplanet has adopted a range of financial instruments to help its Bitcoin strategy since April and aims to accumulate 21,000 bitcoin by 2026 as part of its wider strategy to direct the Renaissance of Bitcoin of Japan.

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