Metaplanet bought another 1,004 Bitcoin, raised handles to more than $ 800m BTC worth
Tokyo listed firm Metaplanet bought another 1,004 Bitcoin (BTC) for $ 104.3 million, bringing its total handling to 7,800 BTC.
The average purchase price for this latest tranche is $ 103,873 per Bitcoin, according to a Monday disclosure.
The company’s total Bitcoin position, earned at an average price of $ 91,300 per BTC, now costs more than $ 806 million based on current market prices. The move is part of the long -term metaplanet’s goal of reaching 10,000 BTC by the end of 2025.
It started taking Bitcoin in April 2024 and has since relied on a treasury model approach after companies such as Strategy (MSTR).
The latest purchase will come as Bitcoin continues to walk below all time high, trading around $ 103,343 at the time of writing. The broader crypto market has been raging in recent weeks in the midst of improving macro emotions.
Metaplanet is financially financially through a series of bond sales, which has recently completed the 15th ordinary bond issuance, which costs $ 15 million.
