Bitcoin firm Metaplanet kicks off August with first big buy

Metaplanet said it scooped up another 463 Bitcoin on Monday, making it the first public firm to capitalize on the Bitcoin dip in August.

Metaplanet snapped up another 463 Bitcoin on Monday, making it the first public company to capitalize on Bitcoin’s recent 5% dip over the weekend.

The Japanese investment firm bought the Bitcoin (BTC) for 8 billion Japanese yen ($53.7 million) at an average purchasing price of around $115,895, Metaplanet said in a Monday statement.

The purchase brings Metaplanet’s Bitcoin holdings to 17,595 Bitcoin — worth over $2 billion — maintaining its position as the world’s seventh largest corporate Bitcoin holder.

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