Metaplanet Expands Bitcoin Holdings with 497 BTC Purchase, Now Holds 2,888 BTC
Key Takeaways:
Tokyo-listed Metaplanet has increased its Bitcoin holdings, acquiring an additional 497 BTC for approximately $43.3 million. CEO Simon Gerovich shared the update on X, stating that the company secured the purchase at an average price of $88,448 per BTC.
With this latest acquisition, Metaplanet’s total Bitcoin reserves now stand at 2,888 BTC. The company’s total investment in BTC amounts to 36.444 billion yen ($240 million), with an average purchase price of $83,172 per coin.
This follows a similar accumulation move earlier in the week when Metaplanet acquired 156 BTC as Bitcoin’s price briefly dipped to $87,000. At the time of writing, BTC is trading at $87,200.
