Japan's investment firm Metaplanet recently announced the acquisition of 150 bitcoins, raising its total cryptocurrency reserves to 3,200 BTC. This event followed the recent issuance of bonds worth 2 billion yen.
Recent Bitcoin Purchase
Metaplanet acquired 150 BTC at an average price of ¥12.5 million per bitcoin. This purchase was part of the company's strategic program to expand its treasury operations and bitcoin reserves.
Overall BTC Investment Status
Currently, Metaplanet holds 3,200 BTC, equivalent to over $266 million USD at current market prices. In the last 24 hours, the price of bitcoin fell by 0.24%, now trading at $83,323. Over the past week, BTC has risen by 3.5%, yet its monthly performance shows a 14% decline.
Metaplanet's History and Strategy
Since April 2024, Metaplanet has been actively increasing its BTC reserves as part of its bitcoin treasury operations strategy. This purchase marks the ninth bond issuance for the company. Since it began acquiring bitcoin, Metaplanet's stock price has risen more than 3,000%.
Metaplanet's systematic increase in bitcoin holdings underscores its long-term strategy of investing in cryptocurrency assets despite temporary market price fluctuations.
