Metaplanet Acquires 1,004 Bitcoin for $104.3 Million
Tokyo-listed investment firm Metaplanet has acquired an additional 1,004 bitcoin (BTC) for approximately $104.3 million, increasing its total holdings to 7,800 BTC.
- The average purchase price for this tranche was $103,873 per bitcoin.
- Metaplanet's total bitcoin position is valued at over $806 million based on current market prices.
- The company aims to reach 10,000 BTC by the end of 2025.
- Bitcoin trading around $103,343 as it hovers near its all-time high.
- Recent market improvements have contributed to this rally.
- Metaplanet funds its acquisitions through bond sales, recently completing a $15 million issuance.