Tokyo-listed funding agency Metaplanet has bought one other 1,004 bitcoin (BTC) for roughly $104.3 million, bringing its whole holdings to 7,800 BTC.
The typical buy worth for this newest tranche was $103,873 per bitcoin, in keeping with a Monday disclosure.
The corporate’s whole bitcoin place, acquired at a median worth of $91,300 per BTC, is now valued at simply over $806 million primarily based on present market costs. The transfer is a part of Metaplanet’s long-term objective to succeed in 10,000 BTC by the top of 2025.
It started buying bitcoin in April 2024 and has since leaned closely right into a treasury technique modeled after corporations like Technique (MSTR).
The most recent buy comes as bitcoin continues to hover slightly below its all-time excessive, buying and selling round $103,343 on the time of writing. The broader crypto market has rallied in latest weeks amid bettering macro sentiment.
Metaplanet has financed its bitcoin acquisitions by a collection of bond gross sales, most just lately finishing its fifteenth bizarre bond issuance, value $15 million.
