Tokyo-registered investment company Metaplanet has purchased an additional 1,004 Bitcoin (BTC) for around $104.3 million, bringing its total holding of 7,800 BTC.
According to Monday's disclosure, the average purchase price for this latest tranche was $103,873 per Bitcoin.
The company's total Bitcoin position, acquired at an average price of $91,300 per BTC, is valued at over $86 million based on current market prices. The move is part of Metaplanet's long-term goal of reaching 10,000 BTC by the end of 2025.
It began acquiring Bitcoin in April 2024, and has since leaned heavily towards financial strategies modeled after companies like Strategy (MSTR).
The latest purchase comes as Bitcoin continues to fall below its all-time high, trading around $103,343 at the time of writing. Amidst the improvement in macro sentiment, the broader crypto market has recovered in recent weeks.
Metaplanet has funded Bitcoin acquisitions through a series of bond sales, and has recently completed its 15th regular bond issuance worth $15 million.
