Japan's Metaplanet Buys 497 BTC in Another Bargain-Hunting Bitcoin Acquisition

03/05/2025 12:22
Japan's Metaplanet Buys 497 BTC in Another Bargain-Hunting Bitcoin Acquisition

This brings its total BTC holdings to 2,888 BTC.

Tokyo-listed Metaplanet announced on Wednesday that it had acquired 497 bitcoin (BTC), valued at $43.3 million.

This brings its total BTC holdings to 2,888 BTC. The firm's total coin stash has an aggregate cost basis of 36.444 billion yen ($240 million), with an average purchase price of 12,619,066 yen ($84,251.60).

Metplanet announced a similar bargain-hunting operation on Monday that saw the firm snap up 156 BTC, as the cryptocurrency's spot price fell back to $87,000, reversing the weekend's rise. As of writing, BTC changed hands at $87,200.

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