Metaplanet has acquired an additional $BTC
1,004 BTC for $104.3 million, increasing its total holdings to 7,800 BTC.
The average purchase price for this latest tranche was $103,873 per BTC, according to a Monday disclosure.
The firm’s total bitcoin position, acquired at an average price of $91,300 per BTC, is now valued at just over $806 million based on current market prices.
Metaplanet began accumulating bitcoin in April 2024 and is following a treasury strategy similar to MicroStrategy (MSTR), aiming to reach 10,000 BTC by the end of 2025.
The company has financed its bitcoin acquisitions through a series of bond sales, most recently completing its 15th ordinary bond issuance worth $15 million.
The latest purchase comes as bitcoin trades around $103,343, hovering just below its all-time high amid a broader crypto market rally.