Tokyo-listed Metaplanet announced on Wednesday that it had acquired 497 bitcoin (BTC), valued at $43.3 million.
This brings its total BTC holdings to 2,888 BTC. The firm’s total coin stash has an aggregate cost basis of 36.444 billion yen ($240 million), with an average purchase price of 12,619,066 yen ($84,251.60).
Metplanet announced a similar bargain-hunting operation on Monday that saw the firm snap up 156 BTC, as the cryptocurrency’s spot price fell back to $87,000, reversing the weekend’s rise. As of writing, BTC changed hands at $87,200.
