Bitcoin company Metaplanet kicks off August with first big buy

Metaplanet scooped up 463 Bitcoin on Monday, making it the first public company to capitalize on the August Bitcoin dip.

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

The Japanese investment company bought the Bitcoin (BTC) for 8 billion Japanese yen ($53.7 million), an average purchase price of about $115,895, Metaplanet said in a statement.

This brought 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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