Japan-based investment giant Metaplanet has made another bold move in the crypto space. On June 16, the firm purchased 1,112 BTC worth $117.2 million. This takes its total Bitcoin holding to 10,000 BTC, meeting its 2025 target.
CEO Simon Gerovich confirmed the buy was made at an average price of $105,435 per BTC. “As of June 16, we hold 10,000 BTC. These were acquired for about $947 million at an average price of $94,697 each,” he stated. This is the firm’s second large Bitcoin purchase this month. On June 2, Metaplanet bought 1,088 BTC for $117.3 million.