Metaplanet Acquires 1,111 Bitcoin for $117 Million, Reaching 11,111 BTC Total Holdings
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Metaplanet Acquires 1,111 Bitcoin for $117 Million, Reaching 11,111 BTC Total Holdings

Metaplanet, a Japanese hotel company, has made a significant acquisition of Bitcoin, pushing its total holdings over 11,000 BTC.

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Metaplanet, the Tokyo-listed hotel company recognized for its Bitcoin acquisition approach, has acquired 1,111 Bitcoin for $117 million. This latest investment brings the firm’s total Bitcoin holdings to 11,111 BTC.

The firm bought Bitcoin at an average price exceeding $105,681 per BTC. Following the U.S. airstrikes on Iranian nuclear locations over the weekend, the cryptocurrency markets took a dip, dropping Bitcoin prices to around $98,000.

However, Bitcoin has since bounced back, currently trading over $101,000.

This transaction not only increases Metaplanet’s BTC holdings to over $1.1 billion but also solidifies its reputation in the crypto market with an average buying price of $95,700.

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For further reading, check out this article: Bitcoin Holds Key Support; Oil Disappoints ‘Doomers’.

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