For a 10.75% nominal yield, Metaplanet said it generated an aggregate premium of 23.972 BTC worth 8.95 million yen. Following this transaction, the total number of Bitcoin the firm now HODLs is 530.717 BTC worth 4.965 billion.
Notably, Metaplanet has bought Bitcoin at least once a month since July, underscoring its consistency in its Bitcoin accumulation pursuit. While the firm remains one of the biggest HODLers of the coin in Asia, it is modeling its strategy after Michael Saylor’s MicroStrategy.
MicroStrategy buys Bitcoin in a lump sum with more massive valuation. Its last purchase was in September, when it bought over $458 million worth of the coin. This transaction pushed its total Bitcoin holdings to 252,220 BTC, worth approximately $9.9 billion at the time.
The broader market is in bearish consolidation mode as the events of the past 24 hours are notably weighing down sentiment. From the geopolitical tension in the Middle East to the U.S. SEC appealing the Ripple lawsuit, more uncertainties have emerged to offer investors a discount on prices.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
