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Metaplanet buys additional 330 BTC against crypto market uncertainty
Japanese investment firm Metaplanet announced today that it has purchased an additional 330 BTC, worth $28.2 million. This is the company's third bitcoin purchase this month, despite market uncertainties driven by U.S. tariff measures.
The company said it made the purchase at an average price of 12.18 million Japanese yen, or $85,605 per bitcoin.
The latest purchase coincides with bitcoin's first rally above $87,000 since April 2. The world's largest cryptocurrency is up 2.5% in the past 24 hours, trading at $87,279 as of publication time.
Metaplanet took on its bitcoin accumulation strategy in April 2024, and continued to make purchases, even during the recent market downturn triggered by U.S. tariff announcements. In April, the company acquired 809 BTC, keeping it on track to reach its year-end target of 10,000 BTC.
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