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The Japanese investment firm Metaplanet, one of the largest corporate holders of Bitcoin, has acquired an additional 5,075 BTC, spending $398 million.
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Simon Gerovich, the head of Metaplanet, stated that the average price of the latest purchase was approximately 12.5 million yen per coin (around $79,000). This transaction marks the company’s first significant acquisition since December 30, when it increased its reserves by 4,279 BTC.
By the end of March, Metaplanet’s total holdings reached 40,177 BTC. The overall investment in the leading cryptocurrency is estimated at 623.37 billion yen (approximately $3.92 billion), with an average purchase price of 15.5 million yen (about $97,700) per coin.
According to analysis from BitcoinTreasuries, the recent acquisition has positioned Metaplanet as the third-largest public company globally in terms of Bitcoin holdings. The investment firm Twenty One Capital holds the second position with 43,514 BTC. The leader remains Strategy, the largest public corporate holder of the primary cryptocurrency, with over 762,000 bitcoins on its balance sheet.
Previously, Simon Gerovich addressed allegations that the firm was secretly accumulating the leading cryptocurrency. He asserted that the company had been transparent with investors regarding all asset purchases.
