Crypto Investments/Markets
Metaplanet Expands Its Bitcoin Holdings with Additional Purchase of 1,004 BTC
Metaplanet has increased its bitcoin holdings by acquiring 1,004 BTC for over $104 million.
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Metaplanet Expands Its Bitcoin Holdings with Additional Purchase of 1,004 BTC
Metaplanet has recently acquired 1,004 bitcoin (BTC) at a cost of approximately $104.3 million, increasing its total holdings to 7,800 BTC.
The average purchase price for this batch was $103,873 per bitcoin, according to a disclosure made on Monday.
Key Details:
- Metaplanet’s total holdings are now valued at over $806 million based on current market rates.
- The firm aims to reach a total of 10,000 BTC by the end of 2025, pursuing this goal through bond sales.
- As of now, Bitcoin is trading just below its all-time high, around $103,343.
This purchase marks a significant strategy shift for Metaplanet, which started acquiring BTC in April 2024, paralleling investment strategies similar to other firms in the sector.
