Metaplanet Acquires 497 BTC, Capitalizing on Market Dip

Metaplanet Adds 497 BTC to Holdings, Now Owns 2,888 BTC

Key Points:

• Tokyo-listed Metaplanet has purchased 497 BTC for $43.3 million at an average price of $88,448.
• The company’s total Bitcoin holdings now stand at 2,888 BTC.
• Its total investment in BTC amounts to 36.444 billion yen ($240 million), with an average cost basis of $83,172 per coin.
• The latest purchase follows Metaplanet’s acquisition of 156 BTC earlier this week when Bitcoin’s price briefly dipped to $87,000.

Metaplanet continues its aggressive Bitcoin accumulation strategy, seizing market dips to expand its reserves. As of now, BTC is trading at $87,200.