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Metaplanet Moves $5 Billion to U.S. Subsidiary for Massive Bitcoin Buy Plan

Avatar photo Sonny S. Watts 7 hours ago

On June 24, Japan-based firm Metaplanet announced it will move up to $5 billion into its Florida subsidiary, Metaplanet Treasury Corp, for Bitcoin acquisition. The company confirmed this transfer in a board-approved filing, stating that all funds will be used solely to buy Bitcoin. The $5 billion capital injection is part of Metaplanet’s broader Bitcoin […]

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Sonny S. Watts is a Bitcoin miner and energy researcher, Sonny delves into the sustainability of Bitcoin mining, its energy consumption, and innovations in renewable-powered mining solutions.