Metaplanet, a Japanese investment firm, has increased its Bitcoin holdings to 3,050 BTC with a recent purchase, marking a new significant milestone for the company.
New Bitcoin Acquisition
On March 12, Metaplanet announced it acquired an additional 162 BTC at an average price of 12.39 million yen ($83,635) as part of its ongoing strategy to strengthen the company's Bitcoin reserves.
Current Bitcoin Market Analysis
Currently, Bitcoin has risen by more than 2% in the past 24 hours. However, it still hasn't recovered from its recent slump, where the price fell from a high of $90,000. Bitcoin is currently trading at $81,665, down 6.4% over the past week and nearly 16% from last month.
Metaplanet Financial Performance
Since it began purchasing Bitcoin in April 2024, Metaplanet's stock price has increased by over 3,000%. On March 12, its stock rose by 8.6% or 290 points to $3,630, with the company's market cap at $141.8 billion.
Metaplanet's new investments in Bitcoin reinforce its position as a leading Asian investment firm, despite market volatility, emphasizing their long-term confidence in digital assets' potential.
