Metaplanet Buys 555 Bitcoin Worth $53.4M, Total Holdings 5,555 BTC; Issues $25M Zero-Coupon Bonds

Japanese investment firm Metaplanet has increased its Bitcoin holdings by purchasing an additional 555 BTC, valued at approximately $53.4 million, bringing its total Bitcoin balance to 5,555 BTC. The recent purchase was made at an average price of $96,768 per Bitcoin, contributing to an overall average buying price of $90,431 for the firm’s Bitcoin portfolio. To finance further Bitcoin acquisitions, Metaplanet issued $25 million in zero-coupon bonds. The total value of Metaplanet’s Bitcoin holdings is now estimated at around $536.38 million. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant