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Strategy and Metaplanet Announce Latest Bitcoin Purchases: Details

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Michael Saylor’s business intelligence software giant has completed another impressive bitcoin purchase, growing its stash to 638,460 BTC.

The Japan-based Metaplanet, also referred to as the Asian Strategy, led the way with a new BTC acquisition announcement from earlier today.

The newly acquired 1,955 BTC, bought for $217 million at an average price of $111,196 per unit, put Strategy’s total holdings at the aforementioned record-setting level of 638,460 BTC. The company has spent $47 billion to acquire this digital fortune, at an average price of $73,880 per bitcoin.

Given the cryptocurrency’s price increase today to $112,000, this puts Strategy in a very comfortable position, as its paper gains stand at over $24 billion.

Metaplanet’s purchase was more modest this week, accumulating 136 BTC for $15.2 million. Still, the company’s total stash has grown to 20,136 BTC, bought for $2.080 billion (average price of $103,196 per bitcoin). The paper value of its own fortune stands at $2.255 billion.

The post Strategy and Metaplanet Announce Latest Bitcoin Purchases: Details appeared first on CryptoPotato.

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