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]
Bitcoin Magazine Manna Wallet + Branta Guardrails: Self-Custodial Bitcoin Payments Now Show Verified Merchant Details…
Oil prices and bond yields have opened the week sharply lower following President Trump's weekend…
Bitcoin Magazine Strive (ASST) Buys 1,109 Bitcoin, Lifts Holdings to 16,500 BTC Strive (ASST) added…
Bitcoin Magazine Strategy (MSTR) Retires $1.5 Billion in Convertible Debt at a Discount, Bitcoin Holdings…
CryptoQuant’s 30-day apparent demand indicator is negative, signaling that buyers aren’t absorbing the available supply…
ASST climbs 133% in three months as Strive grows holdings to 16,500 BTC and explores…