Metaplanet, a publicly listed investment and consulting firm based in Japan, has decided to boost its Bitcoin investment despite the recent decline in BTC prices. The firm has chosen to inject more capital into the cryptocurrency market, showcasing its confidence in the digital asset.
On July 7, Metaplanet made an official announcement regarding its latest Bitcoin purchase. The company acquired 42,466 Bitcoin for 400 million Japanese yen, equivalent to $2.5 million. This strategic move demonstrates Metaplanet's commitment to expanding its crypto portfolio.
Following this recent acquisition, Metaplanet now possesses a total of 203,734 BTC. The firm acquired these Bitcoins at an average price of approximately 10 million yen ($62,000) per BTC. Notably, the average purchase price stands at about 7% above the prevailing BTC price at the time of this update.
Source: Metaplanet
Please note that this is an evolving situation, and more updates will be provided as new information becomes accessible.
