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Metaplanet’s shares plunged 8% after unveiling a Bitcoin purchase plan of 2 billion yen ($ 13.4 million) because the markets are preparing for the April President Donald Trump prices.
Google Finance Data shows that Metaplanet’s shares have negotiated ¥ 401 at 2:05 a.m. after the recent drop.
Earlier in the day, an investment company based in Japan Metaplanet announced the issue of its 10th series of ordinary obligations worth 2 billion yen. According to an announcement of March 31 shared on X today, the company plans to use the product to buy BTC.
Zero interest bonds are planned for buyout on September 30.
* Metaplanet issues 2 billion JPY in ordinary 0% bonds to buy $ BTC* pic.twitter.com/zrc5pli1nc
– Metaplanet Inc. (@metaplanet_jp) March 31, 2025
Metaplanet’s decision to buy more BTC comes as the cryptography market has seen its price drop by more than 1% in the last 24 hours to negotiate at just over $ 82,000. This correction pushed the weekly BTC performance at more than 5% in the red.
The CEO of the company, Simon Gerovich, said On X that the company “buys the decline”.
The Japan -based investment company currently has 3,200 BTC, according to Bitcointheries.netThis makes it the 10th largest business bitcoin holder in the world and the largest business holder in Asia.
Bitcoin correction 24 hours a day, coincided with a wider correction of the cryptography market during the same period. Traditional financial markets also started week in red, while investors around the world for Trump prices should be implemented on April 2.
Asset said on April 2 as “Liberation Day”, marking the start of a new series of global sales rates.
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post url: https://altcoin.observer/metaplanets-shares-collapsed-8-on-the-btc-level-april-trump-prices/