Metaplanet, listed on the Tokyo Stock Exchange under the ticker 3350, announced on July 1 that it has made an additional bitcoin purchase.
Following the company’s disclosure on June 24 about plans to acquire BTC worth 1 billion yen ($6.2 million), Metaplanet has initiated the purchase with an investment of 200 million yen.
This transaction involved buying 20.195 bitcoins at an average price of 9,903,441 yen per BTC.
With this purchase, Metaplanet’s total bitcoin holdings now stand at 161.2677 bitcoins, acquired at an average price of 10,231,438 yen per coin, amounting to a cumulative investment of 1.65 billion yen.
This strategic move underscores Metaplanet’s increasing commitment to cryptocurrency investments, reflecting a broader trend of institutional interest in digital assets.
Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.