Metaplanet continues to increase its cryptocurrency reserves by purchasing 780 Bitcoin (BTC) worth approximately 92.5 million dollars.
As one of the pioneers of institutional investments in the cryptocurrency market, Metaplanet drew attention with its new Bitcoin purchase. With the latest acquisition, carried out at an average price of 118,622 dollars per Bitcoin, the company's total reserve reached 17,132 BTC. Thus, Metaplanet is steadfastly continuing its strategy to expand its Bitcoin assets.
After the latest purchase, the company's total BTC investment has risen to approximately 1.73 billion dollars. The average purchase cost of all BTC held by Metaplanet is around 101,030 dollars. These purchases clearly reflect the company's strong long-term expectations for cryptocurrency assets.
Metaplanet announced a return of 449.7% from its Bitcoin investments this year. This figure indicates that the company has not only increased its assets but has also performed well above the market. Considering Bitcoin's high volatility, it appears that the company's strategy has been quite successful.
The acceleration of Bitcoin purchases by institutional investors is interpreted as the beginning of a new bull market. Metaplanet's move could also serve as an example to other companies in the sector.
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