Tokyo-listed investment firm Metaplanet has announced the acquisition of an additional 1,111 BTC for $118.2 million. This decision is part of their strategy to increase Bitcoin holdings.
Bitcoin Purchase Amid Market Volatility
Metaplanet purchased BTC at an average price of $106,408 per coin. This transaction took place during a week where Bitcoin dropped over 4% and is currently trading just above $101,000.
High Yield and Strategic Shift
The company reported a quarter-to-date BTC yield of 107.9%, surpassing previous periods. For the current quarter, Metaplanet has recorded a gain of 4,367 BTC, valued at $451.2 million.
Ambitious Future Plans
Metaplanet aims to accumulate 210,000 BTC by the end of 2027, representing about 1% of Bitcoin's fixed supply. Despite macroeconomic uncertainties, the company is focused on long-term value creation for its shareholders through digital assets.
Metaplanet continues to actively diversify its assets in Bitcoin, demonstrating confidence in its long-term strategy and ability to navigate market volatility.
