Coinspeaker
Metaplanet Increases Bitcoin Holdings, Acquiring Additional 19.87 BTC
Metaplanet, a Japan-based Web3 company, recently announced that it has purchased additional Bitcoin worth ¥200 million, which is equivalent to $1.25 million.
This move by the company follows up on its recent acquisition of the digital asset towards the end of last month. Just a few weeks ago, the Japanese company announced that it had acquired ¥1 Billion worth of BTC, which is about $6.25 million. Although the latest purchase is quite lower than the previous one, it is still a move toward establishing itself as a major force in the digital asset industry.
According to the post on its X page, Metaplanet purchased 19.87 BTC at an average price of 10,065,548 yen per Bitcoin, amounting to 200 million yen. In the released ‘Progress of Disclosure,’ the company stated that its current total BTC holdings are around 117.7 BTC. This investment strategy demonstrates the Japan-based company’s con
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