Metaplanet, the Tokyo-listed hotel firm known for its bitcoin BTC acquisition strategy, has acquired 1,111 bitcoin for $117 million.
The firm bought bitcoin at an average price of about $105681 per BTC. The crypto markets fell during the weekend after the U.S. bombed several nuclear sites in Iran, pushing bitcoin to lows of $98,000.
Bitcoin has recovered from the weekend fall and is now trading over $101,000 at the time of writing.
The latest acquisition pushes Metaplanet’s total BTC stash to 11,111 bitcoin, worth over $1.1 billion, with an average buying price of $95,7000.
Read more: Bitcoin Holds Key Support; Oil Disappoints ‘Doomers’ as Brent and WTI Erase Early Price Gains
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
The Binance Blockchain Week event in Dubai became the center of a high-stakes showdown between…
Crypto analyst Miles Deutscher has issued one of the most forceful bottom calls of this…
The Bitcoin price volatility is once again drawing attention to MicroStrategy, the company whose strategy…
Bitcoin Magazine Vivek Ramaswamy’s Strive Urges MSCI to Rethink Bitcoin Index Exclusion Strive Asset Management…
Bitcoin has been struggling to build momentum in recent weeks, and the return of cash…
The White House's new National Security Strategy emphasizes increased global fiscal expansion and military spending.Read…