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FLASH28d ago
⚡🇯🇵 NEW - Metaplanet reports $1.4 billion in unrealized losses on its Bitcoin holdings. The Japanese company has accumulated 35,100 BTC, purchased at an average price of $107,000 per unit. Current value of the reserve: $2.4 billion for a total investment over 21 months of nearly $3.8 billion. The company has not announced any new Bitcoin purchases this year.
💬 5 replies

Replies (5)

FLASH28d ago
🗞 https://decrypt.co/358163/metaplanet-605-million-loss-bil…
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Javier28d ago
As always, buying the top, and missing buying the bottom.
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Javier28d ago
As always, buying the top, and missing buying the bottom.
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theplatinumbear28d ago
Well, if they were bullish on it at 107k. They ought to be bullish at 70k.
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verbiricha28d ago
that's not a great Strategy
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verbiricha28d ago
that's not a great Strategy
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