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The shares of the investment company based in Japan Metaplanet climbed 20% after announcing that it bought the decline with 497 other bitcoin.
In an X job Earlier in the day, CEO, Simon Gerovich, said Metaplanet bought the BTC at around $ 88,448 per room, putting total expenditure at around $ 43.9 million.
Metaplanet buys Bitcoin at a discount
The last of Metaplanet Bitcoin The purchase intervened after the wider market of cryptography underwent a strong correction fueled by fears of a world trade war after Donald Trump followed with threats to impose prices in Canada and Mexico and to increase those already in China.
The largest crypto by market capitalization has seen its price plunge up to $ 81,500 during the negotiation session yesterday, according to Tradingview data. In the past 24 hours, BTC has recovered 3% to negotiate at $ 87,096.14 at 1 h 25 hne.
Metaplanet jumped on the opportunity to acquire more BTC at a lower price. In its disclosure of March 5, the investment company said that the recent purchase of Bitcoin had pushed its assets to 2,888 BTC.
With the current price of the crypto market leader, the company Bitcoin The reserve is estimated at more than $ 251.5 million.
According to disclosure, the average purchase price amounts to $ 82,240 per room. The company has also reached a year by year of 45%.
Ladies and gentlemen, we were unleashed 🚀 pic.twitter.com/wltoyylr
– Simon Gerovich (@gerovich) March 5, 2025
Metaplanet aims to buy 21,000 bitcoin by 2026
So far this year, Metaplanet has bought 794.5 BTC. These acquisitions are part of the company’s objective to stack 21,000 BTC by 2026.
Metaplanet is already the 12th largest business bitcoin holder in the world, and is the largest in Asia after having exceeded the game company based in Hong Kong, Boyaa Interactive, according to data Bitbo.
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