Metaplanet Acquires $61 Million in Bitcoin Amid Continued Investment Strategy
Tokyo-based investment firm Metaplanet Inc. announced on Monday it has purchased an additional 619.7 Bitcoin, spending approximately $58.9 million at current market rates.
This acquisition brings the firm’s total Bitcoin holdings to 1,761.98 BTC, valued at around $167.1 million.
The latest purchase follows Metaplanet’s recent bond issuance, which raised nearly 9.5 billion yen ($60.6 million). The company indicated that the funds would be used to expedite further Bitcoin acquisitions. The average purchase price for the latest batch of Bitcoin was reported at 15.3 million yen ($97,786) per coin.
Metaplanet has been increasing its Bitcoin investments…
