Bitcoin Price Drops Below $112,000 As Metaplanet Announces To Buy $11.7M Worth Of Bitcoin

Bitcoin Magazine

Bitcoin Price Drops Below $112,000 As Metaplanet Announces To Buy $11.7M Worth Of Bitcoin

Bitcoin price fell below $112,000 as Japanese firm Metaplanet announced the purchase of 103 BTC worth $11.7 million, bringing its total holdings to 18,991 BTC ($2.2 billion), while simultaneously being upgraded to mid-cap status in the FTSE Japan Index. The move highlights the growing trend of corporate Bitcoin treasury strategies.

This post Bitcoin Price Drops Below $112,000 As Metaplanet Announces To Buy $11.7M Worth Of Bitcoin first appeared on Bitcoin Magazine and is written by Vivek Sen.