Metaplanet buys the dip with 620 BTC
Metaplanet buys the dip with 620 BTC
- Metaplanet, the Japanese investment company, which has been one of the most aggressive Bitcoin buyers in the past few months, has increased its stocks with a new purchase of 619.70 BTC.
- The recent Bitcoin purchase of the company takes place in the middle of a new decline in the cryptom market, whereby the benchmark assets were fell on low stalls of $ 93,800 in the early Monday.
METAPLANET extends its stocks by BTC worth $ 60 million
Bitcoin rose to his all-time high of $ 108,000 on December 17, before falling to around $ 92,000 due to a general sale of risk investments. The downturn, which followed the recent interest rate and forecast of the US Federal Reserve for 2025, seems to have offered another “Buy the Dip” opportunity for MetAplanet.
METAPLANET indicates that almost 620 BTC has acquired at an average price of 15,330,073 yen (approx. 97,861 US dollars) per Bitcoin. Overall, the purchase value was $ 9.5 billion ($ 60 million), with the total number of BTC 1,761.98 BTC previously bought at an average price of 11,846.002 yen (approx. 75.5,000 US dollars) per Bitcoin.
Overall, MetaPlanet has previously issued more than 20.872 billion yen for the purchase of BTC after it had completed its first Bitcoin purchase in May.
With this step, the company received the nickname "Asia's Microstrategy" based on the company that is listed in the USA, Microstrategy, which is the world's largest company owner of Bitcoin.
The company of Michael Saylor first introduced BTC as a treasury assets in August 2020 and currently holds 439,000 BTC, which were acquired for around $ 27.1 billion. This corresponds to an average purchase price of around $ 61,725 per bitcoin.
"As already announced, the BTC return is an important performance indicator (KPI), which reflects the percentage change in the relationship between the entire Bitcoin stocks to the fully watered outstanding stocks over a certain period of time. should ”, explained Metaplanet.
Source: Coinlist.me