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Metaplanet Ups Bitcoin Hoard To 11,111 Even As ‘Rich Dad Poor Dad’ Predicts BTC Crash

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Metaplanet boosted its Bitcoin holdings to 11,111 even as “Rich Dad Poor Dad” author Robert Kiyosaki warns of a BTC crash. Japan-based Metaplanet bought another 1,111 BTC for around $118.2 million at $106,408 per Bitcoin, ac cording to a June 23 post on X by CEO Simon Gerovich. He added that the company’s total holdings were acquired for approximately $1.07 billion at an average price of $95,869 per BTC.  The purchase came despite the US strike on Iran’s nuclear facilities, which sent Bitcoin temporarily below $100k. It has since recovered to trade at $102,019.12 as of 2:05 a.m. EST.  Trump announced the attack on three nuclear sites in Iran on his social media platform, Truth Social. The sites included Fordow, Natanz, and Esfahan. ‘Rich Dad Poor Dad’ Author Predicts BTC Crash As Bitcoin recovers and Metaplanet adds to its BTC stash, “Rich Dad Poor Dad” author Robert Kiyosaki warns that the leading crypto’s price wi...

Metaplanet To Raise $62 Million To Buy More Bitcoin, Calls Adding BTC ”Urgent”

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Investment firm Metaplanet, known as Japan’s MicroStrategy, plans to raise over $62 million to buy more Bitcoin via the issuance of stock acquisition rights, and said that adding more BTC to its holdings is “urgent.” In a Nov. 28 statement, Metaplanet said “we recognize the urgent importance of increasing our Bitcoin holdings and have therefore decided to proceed with this fundraising initiative.” The company currently holds 1,142 Bitcoin, Metaplanet Notes BTC’s Growing Prominence While The Yen “Continues To Depreciate” Metaplanet said in its statement that it would issue a 12th Stock Acquisition Rights to the Cayman Islands-based EVO Fund through a third-party allotment of 29,000 units. *Metaplanet Announces Issuance of Moving Strike Stock Acquisition Rights to Raise Up to ¥9.5 billion ($62 million) for Accelerated Bitcoin Accumulation* pic.twitter.com/bL7rs6Qkk4 — Metaplanet Inc. (@Metaplanet_JP) November 28, 2024 ...