• 16 October, 2024
Market News

Metaplanet Boosts Bitcoin Holdings to $32M with a $6.9M Buy!

Japanese investment firm Metaplanet Inc. has purchased an additional 107.913 bitcoins for approximately $6.9 million, increasing its total holdings to 506.745 bitcoins worth about $32.2 million. The Tokyo-listed company made the latest purchase at an average price of $64,168 per bitcoin, maintaining its bullish stance on the cryptocurrency. Metaplanet's stock rose 4.24% in Japan, while Bitcoin traded around $63,661 after a recent dip. The firm has been actively buying Bitcoin as part of its strategic treasury reserve since May, following the lead of MicroStrategy and Marathon Digital.

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