Japanese investment firm Metaplanet Inc. spent nearly $61 million to buy additional bitcoin as it remains bullish on the world’s largest cryptocurrency.
Metaplanet said on Monday that it bought an additional 619.7 BTC, or $58.9 million based on current market prices, for 9.5 billion yen ($60.6 million) at an average purchase price of 15.3 million yen ($97,786) per bitcoin. This boosted the company’s total holdings to 1,761.98 BTC, or about $167.1 million.
The Tokyo-listed firm made its latest bitcoin purchase after raising 9.5 billion yen ($60.6 million) through two tranches of bond issuance last week to “accelerate bitcoin purchases.”
The company started adopting Bitcoin as a strategic treasury reserve asset in May and has since been on a buying spree.
Metaplanet’s stock closed down 0.98% at 3,540 yen on Monday in Japan, having risen 1,982% year-to-date, according to Yahoo Finance.
Bitcoin dropped 1% over the past 24 hours to trade at $95,221 at the time of writing, according to The Block’s price page. Ether lost 1.2% to change hands at $3,292. The Block's GMCI 30 index, which measures the performance of the top 30 cryptocurrencies, edged down 0.93% in the past day.
Meanwhile, MicroStrategy remains the largest public corporate bitcoin holder, owning 439,000 BTC, according to data from BitcoinTreasuries.
Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.
© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
