Metaplanet has announced the acquisition of an additional 330 BTC, increasing its total holdings to 4,855 BTC.
Metaplanet has announced the acquisition of an additional 330 BTC, increasing its total holdings to 4,855 BTC. This latest purchase, valued at approximately $28.2 million, marks the company's third Bitcoin acquisition this month, despite ongoing uncertainties in the cryptocurrency market linked to recent U.S. tariff measures.
The purchase was made at an average price of 12.18 million Japanese yen, or $85,605 per Bitcoin. This strategic move comes as Bitcoin experiences a rally, surpassing $87,000 for the first time since April 2, with the crypto trading at $87,279 at the time of publication. Bitcoin's price has risen by 2.5% in the last 24 hours.
Metaplanet began its Bitcoin accumulation strategy in April 2024, acquiring 809 BTC during the month. The firm aims to reach a year-end target of 10,000 BTC. The average purchase price of Metaplanet's holdings stands at $89,928, solidifying its position as the largest corporate Bitcoin holder in Asia and the 10th-largest globally.
In a parallel development, Michael Saylor’s Strategy (formerly MicroStrategy), a prominent figure in corporate Bitcoin investment, revealed that it added 3,459 BTC to its reserves last week. This brought its total holdings to 531,644 BTC.
Despite reporting unrealized losses of $5.91 billion on its Bitcoin assets in the first quarter, Saylor has expressed confidence that tariffs will not deter future purchases.
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