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

Bitcoin Magazine

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

With Bitcoin price trading below $113,000, Tokyo-listed Metaplanet Inc. has purchased 5,419 BTC for $632.53 million, becoming the world's fifth-largest corporate Bitcoin holder. The purchase, which brings the company's total holdings to 25,555 BTC, represents just the first tranche of its planned Bitcoin acquisitions from its recent $1.4 billion fundraise.

This post Metaplanet Buys the Dip — Securing a Massive Bitcoin Position as Price Stays Below $113,000 first appeared on Bitcoin Magazine and is written by Vivek Sen.