Bitcoin Magazine Metaplanet Buys the Dip — Securing a Massive Bitcoin Position as Price Stays Below $113,000

Tokyo-listed Metaplanet has acquired 5,419 Bitcoin worth approximately $632.53 million, making it the world’s fifth-largest corporate Bitcoin holder as the Bitcoin price hovers below $113,000.

The company purchased the Bitcoin at an average Bitcoin price of $116,724 per coin, according to a disclosure filed with the Tokyo Stock Exchange on Monday. The acquisition brings Metaplanet’s total holdings to 25,555 BTC, acquired for $2.7 billion, with an average cost basis of $106,065 per Bitcoin.

“Please note this purchase is just the first tranche!” Metaplanet’s head of Bitcoin strategy, Dylan LeClair, wrote on X (formerly Twitter), referring to the company’s recently raised $1.4 billi

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