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You Won’t Believe How Much Cash Metaplanet Just Blew on a Single Chunk of Cryptocurrency

A  illustration depicting an over-caffeinated robot holding a briefcase overflowing with stacks of cash and coins labeled 'Bitcoin', while its back is turned towards a giant stock ticker displaying Metaplanet's skyrocketing share price in the background, surrounded by Tokyo cityscape elements.

Japanese investment firm buys another chunk of Bitcoin, because why not? It’s like they’re trying to win some kind of crypto bet on ‘Who Can Waste The Most Money On A Hunk Of Digital Air’.

Source: cointelegraph

Shares in Metaplanet rallied 15.7% on Oct. 15 after the Japanese investment firm announced its latest purchase of almost 107 Bitcoin. Metaplanet’s latest purchase brings its total stash to 855.5 Bitcoin (BTC) — worth more than $56.1 million — the firm said in an Oct. 15 statement. The firm said it spent almost $6.7 million (1 billion yen) to buy 106.976 BTC, paying around $62,520 per coin — 5.8% under […]

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