Metaplanet to buy another ¥250 million worth of Bitcoin

Metaplanet Inc. (TSE Standard: 3350), a publicly traded Japanese company, has Announced a significant improvement to your bitcoin holdings. At a recent board meeting, the company resolved to purchase an additional 250 million yen, currently worth $1.6 million, in bitcoin.

ONLY IN: Japanese public company Metaplanet will buy another 250 million yen in twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin pic.twitter.com/YmRDiLl02z

– bitcoin Magazine (@BitcoinMagazine) twitter.com/BitcoinMagazine/status/1795469811402613072?ref_src=twsrc%5Etfw”>May 28, 2024

Metaplanet has recently x.com/Metaplanet_JP/status/1789831919766495602″>border

your approach to managing your bitcoin. The company also stated that Bitcoins acquired for long-term purposes will be recorded at cost, ensuring stable accounting treatment over time. In contrast, Bitcoins held for short-term purposes will be revalued quarterly to their market value. Any unrealized gains or losses from these short-term holdings will be recorded in the non-operating income section of the income statement, providing transparency and aligning with market fluctuations.

This strategic purchase follows a series of similar moves by companies globally, underscoring the growing acceptance of bitcoin as a strategic and valuable asset class. Metaplanet too x.com/BitcoinMagazine/status/1788778480471093449″>acquired 19.87 additional btc earlier this month for a purchase price of 200 million yen.

For more information on Metaplanet, additional details can be found on their website. here.