Metaplanet Inc., a company publicly listed on the Tokyo Stock Exchange, announced on Monday an additional purchase of 108.786 bitcoin for a total investment of 1 billion yen (approximately $6.7 million). The average purchase price was 9,192,359 yen per BTC. With this acquisition, Metaplanet’s total bitcoin holdings now stand at 639.503 bitcoin. The cumulative amount invested in bitcoin by the company is 5.965 billion yen, which is roughly $40.2 million. The company started purchasing bitcoin as part of its strategy to diversify its asset portfolio and hedge against traditional financial market risks.

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