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Metaplanet buys the Bitcoin dip

Metaplanet, also known as the 'Japanese MicroStrategy,' is in FOMO mode and is taking advantage of every price dip to buy Bitcoin.

By Finst News
• 2 min read
Metaplanet buys the Bitcoin dip

Metaplanet, also known as the "Japanese MicroStrategy," is in a FOMO mode and is taking advantage of every price correction to buy Bitcoin. The company now owns 748 BTC.

Just four days after their last purchase, the Japan-based company announced another buying round, this time at lower prices. For 1 billion Japanese yen, roughly $6.5 million, Metaplanet invested again in Bitcoin. The company bought 108.9 BTC at an average price of $61,464 per Bitcoin.

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On October 11, the Tokyo-listed company announced in a press release that this purchase raises its total Bitcoin holdings to 748.5 BTC, worth about ¥6.9 billion, or $46.2 million.

Despite their aggressive purchases, Metaplanet still does not belong to the group of companies with the largest Bitcoin reserves.

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