Metaplanet Inc. (3350) Bought another 1,009 bitcoin bearing its total treasure to 20,000 BTC and exceeding riot platforms (RIOT) Become society with the sixth assets of the treasure of the greatest cryptocurrency.
The purchase, valued at around 16.5 billion yen ($ 112 million)Demonstrates the commitment of the company based in Tokyo to position Bitcoin as a basic reserve ratio. Its total Bitcoin purchases now amount to 302.3 billion yen at an average cost of 15.1 million yen per BTC, according to a file published on Monday.
The rhythm of the company’s accumulation of bitcoin made it the most eminent adopter in Asia of the cryptocurrency. From July 1 to September 1, the company obtained a BTC return of 30.7%, while its multiple asset value in net (Mnav) is just below 2.
Metaplanet’s shares fell 5.5% to 831 yen.
