welcome
CoinGape

CoinGape

Business

Business & Economics

Metaplanet stock rallies after firm announces purchase of 497 Bitcoins for $43.9 million

CoinGape
Summary
Nutrition label

56% Informative

Metaplanet stock rallies after the company announced the purchase of 497 Bitcoins for $43.9 million .

Firm reported a strong year-to-date Bitcoin yield of 45.1% , exceeding its quarterly target of 35% .

As Bitcoin 's price dipped to $ 83,000 , whales seized the opportunity, purchasing over 20,000 BTC.

Bitcoin is showing a brief recovery of over 4.52% as of press time.

VR Score

34

Informative language

26

Neutral language

27

Article tone

formal

Language

English

Language complexity

44

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

short-lived

Affiliate links

no affiliate links