Metaplanet Buys The Dip — Securing A Massive Bitcoin Position As Price Stays Below $113,000

With Bitcoin price trading below $113,000, Tokyo-listed Metaplanet Inc. has purchased 5,419 BTC for $632.53 million, becoming the world’s fifth-largest corporate Bitcoin holder. The purchase,...

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Metaplanet Buys The Dip — Securing A Massive Bitcoin Position As Price Stays Below $113,000

Source: Bitcoin Magazine

With Bitcoin price trading below $113,000, Tokyo-listed Metaplanet Inc. has purchased 5,419 BTC for $632.53 million, becoming the world’s fifth-largest corporate Bitcoin holder. The purchase, which brings the company’s total holdings to 25,555 BTC, represents just the first tranche of its planned Bitcoin acquisitions from its recent $1.4 billion fundraise.

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