Comment on Japan’s MicroStrategy Metaplanet buys $6.5M more Bitcoin

Japan’s MicroStrategy Metaplanet buys $6.5M more Bitcoin

Metaplanet — a Tokyo-listed investment firm focused on accumulating as much Bitcoin (BTC) as possible — just acquired an additional ¥1 billion ($6.5 million) of the coin. Metaplanet acquired just under 109 BTC, according to an Oct. 11 announcement. This brings the total held by the company to 748.5 BTC at an average purchase price of 9,304,655 yen per Bitcoin — or just over $62,550 at the time of writing. Currently underwater Considering Bitcoin’s current price of $60,680 according to CoinMarketCap data, the company’s investment is currently nearly 3% down.

 

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