Metaplanet Board of Directors approves Bitcoin buyback plan, intends to hold 210,000 BTC by the end of 2027

BTC-0,62%

Odaily Planet Daily reports that the Digital Asset Treasury (DAT) Metaplanet plans to hold 210,000 Bitcoins by the end of 2027. Metaplanet Strategic Director Dylan LeClair stated that the company approved several equity-related proposals at a special shareholders’ meeting, which will help the company raise funds for further Bitcoin purchases. This move effectively allows Metaplanet to leverage financial instruments to increase its Bitcoin holdings without immediately diluting existing shareholders’ stakes. (DL News)

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Analysts: March CPI print already baked into BTC price

The February CPI data came in broadly as anticipated, reinforcing that higher inflation remains a factor but not a surprise driver for markets. Analysts at 21Shares argued that the macro picture had already priced in the March print, shifting attention to how the Federal Reserve would respond. The

CryptoBreaking3h ago
Comment
0/400
No comments