Metaplanet’s Bitcoin Bag Eclipses $46 Million After New Purchase

• Metaplanet has added fresh Bitcoins to its reserves.
• The company’s total holdings have exceeded $46 million.
• MicroStrategy leads corporate Bitcoin holders despite Metaplanet’s aggressive accumulation strategy.

Japanese investment firm Metaplanet’s Bitcoin holdings have soared past $46 million following the company’s latest acquisition of the original cryptocurrency.

Metaplanet’s fresh Bitcoin purchase followed another $6.7 million BTC acquisition by the company on October 7, which brought its total Bitcoin holdings to 5.965 billion yen ($40.32 million)

Metaplanet’s $6.7 Million Bitcoin Acquisition

In a notice issued on October 11, Metaplanet said it had acquired 1 billion yen or $6.7 million worth of Bitcoin. The additional 108.999 Bitcoins were bought at an average price of 9,174,396 yen or $61,518 per BTC.

The fresh acquisition pushed Metaplanet’s Bitcoin holdings to 748.502 BTC, valued at about $46.6 million according to today’s market prices. The company asserted these Bitcoins were acquired for 6.965 billion yen ($46.7 million) at an average price of 9,304,655 yen ($62,409) per BTC.

Metaplanet’s latest Bitcoin purchase came barely a day after the crypto asset plunged below $60,000 as U.S. inflation and jobless claims fueled market uncertainty. BTC’s price has since made a slight recovery to exchange hands at $62,023 as of press time, CoinMarketCap data shows.

Meanwhile, Metaplanet has yet to break above the top 10 corporate Bitcoin holders despite its recent aggressive accumulation strategy. BitcoinTreasuries data shows that Michael Saylor-led MicroStrategy tops the list with 252,220 BTC, followed by Marathon Digital and Riot Platforms at 26,842 BTC and 10,427 BTC, respectively.

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