Metaplanet continues to buy another 1 billion Yen of Bitcoin, bringing its total holdings to 639.5 BTC at an Medium DCA price of $62,800 per coin.
Metaplanet Buys Another 108.78 BTC, Bringing Total Holdings to Over $40 Million
Continuing to stick to its DCA strategy, on the morning of October 7, Metaplanet bought another 1 billion Yen of Bitcoin, "pocketing" 108.78 BTC.
*Metaplanet purchases additional 108.78 $ BTC * pic.twitter.com/Pz2AHupm1T
— Metaplanet Inc. (@Metaplanet_JP) October 7, 2024
Notably, the company's most recent purchase was exactly 1 week ago, on October 1, also with a purchase order value of 1 billion Japanese Yen.
Thus, despite only announcing its decision to use Bitcoin as a reserve asset in May and continuously buying since then, the Japanese public company has accumulated up to 40 million USD in BTC.
With an Medium purchase price of $62,800/ BTC, Metaplanet's holdings are recording a gain of around 9%.
1h chart of BTC/ USDT pair on Binance exchange at 12:10 PM on October 7, 2024
It can be seen that Metaplanet is persistently following the path of its predecessor, MicroStrategy - a company that "only loves" BTC despite suffering losses for years.
As of now, billionaire Michael Saylor's company has increased its total Bitcoin holdings to 252,220, with an Medium purchase price of $39,266 per BTC. MicroStrategy's total Bitcoin portfolio is recording a return of nearly 60%.
Besides familiar giants like MicroStrategy, MARA , Tesla , Tether ... still maintaining the strategy of buying Bitcoin periodically, many large companies and organizations in the world have begun to XEM Bitcoin as an effective investment tool such as OneMedNet , Boyaa Interactive , Semler Scientific .
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