According to a report from The Block: Tokyo-listed company Metaplanet Inc. announced today that after raising nearly $61 million through a bond issue last week, it purchased an additional 619.7 BTC.
This Japanese investment company spent nearly $61 million to purchase additional Bitcoin, continuing to be optimistic about the world's largest cryptocurrency.
Metaplanet stated on Monday that based on current market prices, the purchased 619.7 BTC is worth approximately $58.9 million, trading at an average purchase price of 15.3 million yen (approximately $97,786) per Bitcoin. This increases the company's total Bitcoin holdings to 1,761.98 BTC, approximately $167.1 million.
This Tokyo-listed company made its latest Bitcoin purchase after raising 9.5 billion yen (approximately $60.6 million) last week through two rounds of bond issuance, to 'accelerate Bitcoin procurement.'
Metaplanet has been actively purchasing Bitcoin since it began to treat it as a strategic financial reserve asset in May.
According to data from Yahoo Finance, Metaplanet's stock closed down 0.98% in Japan on Monday, at 3,540 yen, up 1,982% year-to-date.
At the time of writing, Bitcoin has fallen 1% in the past 24 hours, trading at $95,221. Ethereum is down 1.2%, trading at $3,292. The GMCI 30 index from The Block, which measures the performance of the top 30 cryptocurrencies, has slightly decreased by 0.93% in the past day.
Meanwhile, MicroStrategy remains the largest public corporate holder of Bitcoin, with 439,000 BTC, according to data from BitcoinTreasuries.
