Let's talk some real stuff in the crypto world! That listed company in Tokyo called Metaplanet has once again increased its Bitcoin holdings!
Just this past weekend, Metaplanet's CEO directly announced: they invested $117 million and bought 1,112 Bitcoins!
Calculating that, the average purchase price is around $105,000 per coin. This is incredible, bringing their total Bitcoin holdings to a solid 10,000 coins!
Just think about the scale of this! When do you think they started buying? Overall, the average acquisition cost for these 10,000 coins is around $94,700.
The key point is, just look at the market this year! Metaplanet's investment in this "Bitcoin savings" has skyrocketed with a return of 266.1%!
In just half a year, almost 3 times the return, isn't that insane?
My goodness! This Japanese company's approach to treating Bitcoin like government bonds is getting more and more aggressive!
