#CryptoIntegration Metaplanet Inc (TYO:3350) announced on Monday the purchase of an additional 775 Bitcoin for $93 million, bringing the total reserves of the Japanese hotel company, which has become a cryptocurrency treasury, to 18,888 Bitcoin.

Metaplanet stated that it acquired 775 Bitcoin at an average price of $120,006 per coin. This brought its total reserve to 18,888 Bitcoin valued at approximately $1.94 billion.

The purchases occurred against a backdrop of a strong wave of profit-taking in Bitcoin at the end of last week, which pushed the cryptocurrency down from record highs above $124,000. Bitcoin was trading down 2.2% at $115,478.8 as of 07:48 Moscow time.

Metaplanet's shares rose by 1.5% in trading in Tokyo.