Japanese publicly traded company Metaplanet has continued its aggressive Bitcoin purchase, this time scooping 108.999 BTC, valued at 1 billion yen (or $6.5 million). The company announced the latest purchase on X (formerly Twitter), informing that it purchased at an average price of 9,174,396 yen per Bitcoin (or $61,652). Consequently, its total Bitcoin holding now stands at 748.502 BTC, worth $45.3 million.
The latest purchase comes shortly after it acquired 108.786 BTC, worth $6.7 million on October 7. Notably, this would be the third time the company has purchased Bitcoin in October, after making the first buy of 23.9 BTC on October 3. With its Bitcoin strategy, Metaplanet positions itself as one of the largest corporate Bitcoin holders in Japan and the world.
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Victor Swaezy
Victor Swaezy is a crypto-journalist with more than 3 years of experience in covering blockchain technology and digital currencies news. Known for his comprehensive reporting, Victor has contributed to leading industry publications such as Coinfomania and Crypto News Guru, providing market participants with the required knowledge to make informed decisions. When he is not working, he loves to watch movies and have a good time.