According to official sources, Metaplanet, a publicly listed company in Japan, has expanded its cryptocurrency portfolio by acquiring an additional 145 BTC. This strategic investment elevates its total Bitcoin holdings to 5,000 BTC. The latest acquisition was executed at a cost of $13.6 million, which translates to an average purchase price of $93,327 per BTC. Notably, this acquisition adjusts the firm’s overall average holding price to $85,621 per BTC. Metaplanet’s aggressive acquisition strategy highlights its commitment to the cryptocurrency market, as institutional interest continues to grow amidst fluctuating market conditions. This development could serve as a bellwether for other companies assessing their positions in the digital asset space, signaling robust confidence in Bitcoin’s long-term potential.
Source: https://en.coinotag.com/breakingnews/metaplanet-boosts-bitcoin-holdings-by-145-btc-reaching-total-of-5000-btc/