The investment company listed in Tokyo Metaplanet bought an additional 1,004 bitcoin (BTC) for around $ 104.3 million, bringing its total assets to 7,800 BTC.
The average purchase price of this last tranche was $ 103,873 per Bitcoin, according to a disclosure of Monday.
The company’s total bitcoin position, acquired at an average price of $ 91,300 per BTC, is now valued at just over $ 806 million depending on the current market prices. This decision is part of Metaplanet’s long -term objective to reach 10,000 BTC by the end of 2025.
He began to acquire Bitcoin in April 2024 and has since greatly reached a cash strategy modeled after companies like Strategy (MSTR).
The last purchase comes while Bitcoin continues to hover just below its top of all time, exchanging about $ 103,343 at the time of writing this document. The wider market of cryptography has rallied in recent weeks in the midst of improving macro feeling.
Metaplanet financed its Bitcoin acquisitions thanks to a series of bond sales, recently completing its 15th emission of ordinary bonds, worth 15 million dollars.
