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Investing.com-- Metaplanet Inc (TYO:3350) on Monday said it had acquired an additional 463 Bitcoin, bringing the Japanese hotelier turned treasury company’s total stockpile to 17,595 coins.
The company purchased 463 Bitcoin at an average purchase price of 17,268,320 yen ($116,975) per coin, with its total holdings now valued at around $2 billion, the company said in a filing on Monday.
Metaplanet is the world’s seventh-largest corporate Bitcoin holder, behind Trump Media & Technology Group Corp (NASDAQ:DJT), and had pivoted into becoming a treasury in 2024.
The company said on Friday that it plans to raise $3.7 billion through a stock offering to buy even more Bitcoin.
The issuance is largely in line with a strategy initially popularized by Strategy (formerly MicroStrategy Incorporated (NASDAQ:MSTR)), which is the world’s biggest corporate holder of Bitcoin.
Bitcoin traded marginally higher at $114,471.1 on Monday.