Cathedra Bitcoin cools off mining to tap MicroStrategy playbook
Cathedra Bitcoin said Bitcoin mining simply hasn’t provided enough shareholder value on a Bitcoin basis over the last three years, which prompted a change in […]
Auto Added by WPeMatico
Cathedra Bitcoin said Bitcoin mining simply hasn’t provided enough shareholder value on a Bitcoin basis over the last three years, which prompted a change in […]
Metaplanet’s stock has jumped 480% since it unveiled its Bitcoin strategy in April, but the firm is down 13% on its investment.
SBI Group’s fully-owned crypto exchange, SBI VC Trade, will assist Metaplanet in its Bitcoin strategy by providing various support in trading, storage and operation.
Just two days after revealing plans to raise $70 million via a stock rights offering, ‘Asia’s MicroStrategy’ has taken a $6.8 million loan from one […]
Metaplanet Inc. allocates 8.5 billion yen for Bitcoin, enhancing its crypto treasury amid Japan’s market volatility.
Shares in Metaplanet and Semler Scientific are up double and triple digits since the firms followed MicroStrategy’s Bitcoin playbook this year.
Since its first Bitcoin purchase, the company’s stock price surged 810% from about $0.12 to $1.10.
Metaplanet’s share price spiked 22% in the first 30-minutes on the Tokyo Stock Exchange following the news on July 16.
After completing the latest purchase, Metaplanet holds a total of 203,734 BTC bought at the average price of around $62,000 per BTC.
