Metaplanet, a Japanese firm, made a new Bitcoin purchase this week for $11.6 million, acquiring 103 BTC at an average price of $113,491 each. With this operation, its total holdings reach 18,991 bitcoins, purchased on average at $102,712 per unit, for an approximate value of $1.95 billion.
This purchase follows a hint from Michael Saylor, founder of Strategy, who stated that 'Bitcoin is on sale,' generating expectations about future acquisitions. Strategy, which already holds about 3% of all Bitcoin in circulation, recently bought significant amounts of BTC, reinforcing its ongoing expansion strategy.
According to data from Bitcoin Treasuries, Metaplanet is now the seventh largest public holder of Bitcoin, just behind Riot Platforms and Peter Thiel's Bullish. The investment has yielded significant returns, with returns exceeding 400%, reflecting confidence in Bitcoin as a safe haven against economic volatility, especially in a context of weakening Japanese yen.
In recent months, profitability has varied, but the company has been able to capitalize on key moments to maintain gains. After the announcement, its shares rose by more than 4%, while the price of Bitcoin remained stable around $111,000. This dynamic shows both the opportunities and the need for careful analysis for those considering investing in cryptocurrencies.