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Metaplanet stock dropped 8% after uniting a ¥ 2 billion ($ 13.4m) Bitcoin purchase plan, as markets for April's tariffs by President Donald Trump.
Finance on Google Data It is shown that metaplanet stock is exchanged with ¥ 401 to 2:05 am EST following recent collapse.
Metaplanet announces ¥ 2 billion Bitcoin purchase plans
Earlier today, Japan -based firm Metaplanet The release of the 10th series of ordinary bonds worth ¥ 2 billion was announced. According to a March 31 announcement shared with X today, the firm plans to use the proceeds to buy BTC.
The zero-interest bond is scheduled for redemption on September 30th.
*Metaplanet has issued 2 billion JPY to 0% ordinary bond to buy additional $ Btc* pic.twitter.com/zrc5pli1nc
– Metaplanet Inc. (@metaplanet_jp) March 31, 2025
Metaplanet's decision to buy more BTC arrived as the Crypto market leader saw its price drop of more than 1% in the last 24 hours to trade just above $ 82K. This correction has pushed BTC weekly performance to more than 5% in red.
The CEO of the firm, Simon Gerovich, Says In X that the company is “buying a dip.”
Japan -based firm is currently holding 3,200 BTC, according to Bitcointreasuries.netIt makes it 10 -10 largest corporate Bitcoin holders in the world and the largest of Asian corporate holders.
The braces braces for the April Trump tariffs
The 24 -hour Bitcoin correction coincides with a broader correction in the crypto market at the same time. Traditional financial markets have also begun Sunday in Red, as investors around the world for Trump tariffs that are set to be implemented on April 2.
Trump was declared on April 2 as the “release Day,” marked the start of a new series of removal in global trade tariffs.
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