The Block Crypto News27 minutes ago

Published on July 01, 2024 15:00 GMT+00:00edited on July 01, 2024 15:04 GMT+00:00

Japanese investment firm Metaplanet announced shortly after the Tokyo Stock Exchange closed on Monday that it had purchased an additional 20.195 BTC for 200 yen ($1.2 million).

This latest acquisition takes Metaplanet’s holdings to 161.2677 BTC, the firm said, equivalent to more than $10.1 million at current prices. The bitcoin were acquired for a total of 1.65 billion yen ($10.2 million) at an average purchase price of $63,427 per bitcoin.

On June 24, Metaplanet announced its board of directors agreed to purchase bitcoin worth 1 billion yen ($6.3 million) using capital raised through an upcoming bond issuance.

Monday's announcement represents the first acquisition in that process and comes after the company purchased an additional 250 million yen worth of bitcoin in June.

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