Metaplanet's Bitcoin gains fall 39% as October crash pressures corporate treasuries
The October market crash has pressured Corporate Bitcoin treasuries, as Bitcoin fell under the average acquisition cost basis of multiple treasury firms.

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The October market crash has pressured Corporate Bitcoin treasuries, as Bitcoin fell under the average acquisition cost basis of multiple treasury firms.
. Metaplanet, Japan's largest Bitcoin treasury firm, bought 1,009 BTC to reach 20,000 BTC in holdings while issuing millions of new shares..

. Metaplanet's stock has plunged 54% since mid-June, forcing the Tokyo-listed firm to seek alternative fundraising as its share-based "flywheel†falters..

. Metaplanet's stock surged over 20% after announcing its latest Bitcoin buy and a $210 million bond issuance to buy even more..

. . Japanese investment firm Metaplanet's Bitcoin premium is almost $600,000 per coin, as Asia's leading Bitcoin treasury firm pushes forward with its plan to…

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