4 weeks ago
Tokyo-listed concern steadfast Metaplanet has purchased different 1,004 bitcoin (BTC) for astir $104.3 million, bringing its full holdings to 7,800 BTC.
The mean acquisition terms for this latest tranche was $103,873 per bitcoin, according to a Monday disclosure.
The company’s full bitcoin position, acquired astatine an mean terms of $91,300 per BTC, is present valued astatine conscionable implicit $806 cardinal based connected existent marketplace prices. The determination is portion of Metaplanet’s semipermanent extremity to scope 10,000 BTC by the extremity of 2025.
It began acquiring bitcoin successful April 2024 and has since leaned heavy into a treasury strategy modeled aft firms similar Strategy (MSTR).
The latest acquisition comes arsenic bitcoin continues to hover conscionable beneath its all-time high, trading astir $103,343 astatine the clip of writing. The broader crypto marketplace has rallied successful caller weeks amid improving macro sentiment.
Metaplanet has financed its bitcoin acquisitions done a bid of enslaved sales, astir precocious completing its 15th mean enslaved issuance, worthy $15 million.
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