Metaplanet has recently purchased 619.70 more $BTC for $60.66 million. The average price paid for a Bitcoin in this transaction was $97,901. According to X account Onchain Lens, Metaplanet’s cryptocurrency portfolio is growing.
Metaplanet Now Holds 1,762 BTC, Valued at $167.94 Million
In total, Metaplanet is currently holding 1,762 $BTC. Now, these holdings are worth about $167.94 million. These Bitcoin assets are bought on the average of $75,631.
This recent purchase is a large jump in Metaplanet’s Bitcoin holdings. This additional bulk of 619.70 $BTC will make the company into a major player in the cryptocurrency space. The total value of the Bitcoin portfolio inside Metaplanet has grown as well because the value of Bitcoin has grown so much.
Metaplanet Increases Bitcoin Investment to Maximize Future Profits
It is also a sign that Metaplanet believes in Bitcoin’s long future. The market of Bitcoin has grown many times. Keeping this progress in view, the company may continue to add more Bitcoin in its holdings. It is part of a broader trend in the world of crypto to diversify portfolio.
Finally, the recent Bitcoin $60.66 million purchase by Metaplanet shows the company’s increase in their commitment to cryptocurrency. As of right now, Metaplanet has a total combined holdings of Bitcoin now worth just under $168 million. This makes easy for anyone to take advantage of future price increases in the digital currency market. With Bitcoin value increasing, Metaplanet’s investment may return several times the money invested over the years to come.
