Metaplanet

bullish

New BTC

Bitcoin

Million

Japan-based Bitcoin treasury company Metaplanet has made a new investment, continuing its bullish outlook for the world's largest cryptocurrency.
<h2 id="metaplanet-purchases-15-million-in-new-bitcoin-total-reserves-reach-20-136-btc">Metaplanet Purchases $15 Million in New Bitcoin: Total Reserves Reach 20,136 BTC</h2>
The company announced that it purchased 136 Bitcoins (BTC) for approximately $15.2 million.
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Metaplanet CEO Simon Gerovich stated in his statement on X that the purchase in question was made at an average price of $111,666.
With this latest transaction, the company's total Bitcoin holdings reached 20,136 BTC. The company's total investment to create this reserve was approximately $2.08 billion, with an average cost of $103,196.
According to BitcoinTreasuries data, Metaplanet ranks sixth among publicly traded companies holding the most Bitcoin. Michael Saylor's Strategy topped the list, boasting a massive reserve of 636,505 BTC.
In financial markets, Metaplanet shares saw a slight decline. According to Yahoo Finance data, the company's shares, which trade on the Tokyo Stock Exchange, were down 1.2% as of midday on Monday. After losing 30% in the past month, the shares are still up 101% since the beginning of the year.
Meanwhile, Bitcoin's price rose 0.5% in the last 24 hours to $111,146. This development further demonstrated that institutional buying is keeping confidence in the crypto market alive.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/bitcoin-treasury-company-metaplanet-announces-new-btc-purchase-heres-the-purchase-amount/" rel="noopener noreferrer nofollow">Bitcoin Treasury Company Metaplanet Announces New BTC Purchase! Here's the Purchase Amount</a>

Bitcoin Treasury Company Metaplanet Announces New BTC Purchase! Here's the Purchase Amount

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