Metaplanet continues to actively increase its Bitcoin reserves, making a recent purchase that brings it closer to the ranking of the largest corporate holders of the cryptocurrency.
Metaplanet's Bitcoin Acquisition
Recently, Metaplanet acquired 103 BTC worth $11.7 million, increasing its total holdings to 18,991 BTC. CEO Simon Gerovich reported that the average purchase price was $113,491 per BTC.
Metaplanet's Strategy in the Crypto Market
Gerovich also noted that the company's total assets are valued at around $1.95 billion with an average purchase price of approximately $102,712 per BTC. This year, the company achieved a year-to-date (YTD) BTC yield of 479.5%.
Bitcoin Market and the Influence of Major Holders
Despite ongoing BTC purchases by several major companies, Bitcoin's price fluctuations remain significant. Over the past 30 days, the BTC price has dropped by more than 4%, primarily due to actions from large cryptocurrency holders.
Metaplanet continues to strengthen its position in the Bitcoin market, following an asset accumulation strategy, while Bitcoin's price fluctuations are affected by major investors.
