Metaplanet Buys Additional ¥17.2 Billion Worth Of Bitcoin
Bitcoin Magazine Metaplanet Buys Additional ¥17.2 Billion Worth Of Bitcoin Japanese public firm acquires 1,111 BTC at ¥15.5 million per coin, bringing total holdings to 11,111 BTC as institutional adoption accelerates. This post Metaplanet Buys Additional ¥17.2 Billion Worth Of Bitcoin first appeared on Bitcoin Magazine and is written by Vivek Sen.
Bitcoin Magazine
Metaplanet Buys Additional ¥17.2 Billion Worth Of Bitcoin
Metaplanet has purchased an additional 1,111 Bitcoin for approximately ¥17.2 billion ($118.2 million), expanding its Bitcoin holdings amid growing corporate adoption of Bitcoin as treasury reserves.
According to a company filing on June 23, the Tokyo-listed firm acquired the Bitcoin at an average price of ¥15.5 million ($106,408) per coin. The purchase brings Metaplanet’s total holdings to 11,111 BTC, with an aggregate cost basis of ¥156.4 billion ($1.07 billion) at an average purchase price of ¥14.1 million ($95,869) per coin.
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