Key points:
- The Tokyo-listed firm continued its bitcoin holding strategy with an additional purchase of 107.9 bitcoin.
- The latest purchase brought its total bitcoin holdings to 506.7 bitcoin, worth about $32.2 million at the current price.
Metaplanet expands Bitcoin holdings with a $6.9M purchase, bringing its total to 506.7 BTC worth $32M, reinforcing its strategic move towards Bitcoin as a treasury asset.
Metaplanet Expands Bitcoin Holdings with Latest $6.9M Purchase
Metaplanet Inc. added 107.9 Bitcoin valued at $6.9M to increase its total to 506.7 BTC at a value of $32.2M. All this is in line with its treasury strategy.
The Tokyo-listed investment firm bought the cryptocurrency at an average price of $64,168 per Bitcoin. This represents one more step in the company’s bullish positioning toward Bitcoin.
Read more: Japan’s Metaplanet Bitcoin Purchase Surges to 303 BTC with $3.3M Buy
Tokyo-based Metaplanet Buys More Bitcoin, Total Holdings Reach $32M
It has continued to implement the accumulation of Bitcoin, adding 107.9 BTC to its holding and bringing it to a total of 506.7 BTC, part of its ongoing Bitcoin treasury strategy.
The company has bought Bitcoin worth 4.75 billion yen, about $32.2 million, since May this year. Even its stock rose by 4.24%, reflecting confidence in its crypto investments.
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Source: https://coincu.com/285106-metaplanet-expands-bitcoin-holdings-with-6-9m