Metaplanet, a well-known investment platform based in Tokyo, has recently carried out a significant Bitcoin ($BTC) buyout. As per the data from Lookonchain, the investment firm has added 1,088 $BTC to its Bitcoin holdings. The on-chain analytics company provided the details of this buyout in a recent X post.
Metaplanet Purchases $117.3M in $BTC, Boosting Bitcoin holdings to 8,888 $BTC.
The latest buyout of $1088 $BTC by Metaplanet equals a $117.3M in terms of valuation. With this fresh Bitcoin acquisition, the cumulative holdings of Metaplanet has reached 8,888 $BTC. This figure accounts for up to $932M. The average per-$BTC price of this buyout stands at $108,633, increasing the platform’s average purchase cost to $96,297.
The respective development highlights Metaplanet’s high-conviction plan for Bitcoin accumulation as its chief treasury asset. This echoes the aggressive acquisition approach adopted by the top corporate Bitcoin holder Strategy. In this respect, the platform’s accumulation plan has gained wide-scale attention in the financial and crypto sectors. It utilizes a mixture of the persistent dollar-cost averaging (DCA) approach and convertible bonds, taking a prominent status among the biggest Bitcoin treasuries.
Following Aggressive Bitcoin Accumulation Plan Like Strategy
According to Lookonchain, Metaplanet’s new acquisition of 1,088 $BTC places it as a bellwether in the case of corporate Bitcoin accumulation. Parallel to such Bitcoin buyouts, the platform’s share price has also increased to a notable extent, reflecting strong investor sentiment. Thus, with growing institutional optimism as well as increasing appetite for top crypto assets, the platform is supposed to achieve new milestones in the time ahead.
