Étienne Girard
Japanese investment company Metaplanet Inc. has acquired an additional 108.786 BTC for a total of 1 billion yen ($6.7 million), signaling the firm’s continued confidence in the future of the world’s leading cryptocurrency.
In a statement released on Monday, the Tokyo-listed firm confirmed that this latest purchase brings its total bitcoin holdings to 639.503 Bitcoin, valued at approximately $40.6 million based on current market prices.
Metaplanet stated that the additional bitcoins were bought at an average price of 9.19 million yen ($61,880) per bitcoin, while the average cost of all its bitcoin holdings is 9.32 million yen ($62,789).
The company has been actively accumulating bitcoin in recent months, having declared in May that it had begun using bitcoin as a strategic treasury reserve asset. Just last week, Metaplanet announced another purchase of 107.913 Bitcoin for 1 billion yen ($6.7 million).
In addition to its purchases, Metaplanet revealed last week that it had earned 23.972 Bitcoin, valued at around $1.52 million at current prices, through the sale of bitcoin options, collecting premiums to bolster its holdings.
Bitcoin has risen 1.60% over the last 24 hours, trading at $62,994 at the time of writing, after briefly dipping near $60,000 the previous week, according to data from PRIME price page.
Metaplanet’s stock saw an 11% jump to 1,017 yen on Monday, according to Google Finance. Trading for the stock was still ongoing in the afternoon session. The broader Nikkei 225 index was up 2.2% during the same period.
Meanwhile, BitcoinTreasuries data shows that MicroStrategy, led by Michael Saylor, remains the largest corporate holder of bitcoin, with 252,220 Bitcoin. Marathon Digital holds the second-largest amount, with 26,842 Bitcoin.
