Metaplanet, the Tokyo-listed hotel company known for its Bitcoin
Acquisition strategy has acquired 1,111 Bitcoin for $ 117 million.
The company bought Bitcoin at an average price of about $ 105681 per BTC. The Crypto markets fell over the weekend after the United States bombed several nuclear locations in Iran and pushed Bitcoin to low -level $ 98,000.
Bitcoin has recovered from the weekend drop and is now trading over $ 101,000 at the time of writing.
The latest acquisition pushes the Metaplan’s total BTC stash to 11,111 Bitcoin, worth over $ 1.1 billion, with an average purchase price of $ 95.7000.
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