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  • Metaplanet Just Bought Bitcoin for 1.6B YEN

Metaplanet Just Bought Bitcoin for 1.6B YEN

  • By
  • Ermes Adriano
  • published: 28.10.2024
  • Last updated: 28.10.2024

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Metaplanet Just Bought Bitcoin for 1.6B YEN

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Table of Contents

  • Metaplanet continues its Bitcoin purchases
  • On October 28, it bought Bitcoin for 1.6B YEN
  • Metaplanet total Bitcoin holdings are 1118.170 BTC today

Japanese Metaplanet is not missing from its Bitcoin accumulation strategy, so purchased at 1.6B YEN, and its total Bitcoin holdings are 1118.170 BTC today.

More About Metaplanet’s Purchases

Against the backdrop of Japan’s surging economy – it seems that faith in Bitcoin from Japan’s Metaplanet is only growing.

This can be seen in how systematically Metaplanet purchases Bitcoin, regardless of the price ups and downs that make many investors nervous.

Note that Metaplanet’s average purchase price is 9,450,746 YEN, but today’s purchase was at 10,205,188 YEN per BTC.

As you can see, that didn’t stop today’s regular purchase of 156,783 Bitcoin for an impressive 1.6B YEN or ~6.551M USD, and total Bitcoin holdings are 1,118,170 BTC.

Conclusion

Metaplanet shows no signs that it is going to stop in its accumulation strategy, and probably reminds us of its place among the key ETFs that US players like Blackrock and Grayscale represent.

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Ermes Adriano

My name is Ermes, and I am a staunch advocate of Web3 principles and technologies. I'm happy to contribute to educating people about what's happening in the crypto industry, especially the developments in blockchain technology that make it all possible, and how it affects global politics and regulation.

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