Tokyo-listed investment company Metaplanet has purchased an additional 1,004 bitcoin (BTC) for approximately $104.3 million, bringing its total bitcoin holdings to 7,800 BTC.
According to an announcement on Monday, the average purchase price for this latest issuance was $103,873 per bitcoin.
The total bitcoin position of the company, purchased at an average price of $91,300 per BTC, is currently valued at just over $806 million based on current market prices. This move is part of Metaplanet's long-term goal to reach 10,000 BTC by the end of 2025.
The company began purchasing bitcoin in April 2024 and has since aggressively adopted a treasury strategy modeled after companies like Strategy (MSTR).
The latest purchase occurred as bitcoin continued to fluctuate just below its all-time high, trading around $103,343 at the time of writing. The cryptocurrency market in general has seen price increases in recent weeks amid improved macro sentiment.
Metaplanet has funded its bitcoin purchasing activity through a series of bond sales, most recently completing its 15th ordinary bond issuance worth $15 million.
