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Metaplanet Buys 497 BTC in Another Bargain-Hunting Bitcoin Acquisition
This brings its total BTC holdings to 2,888 BTC.
What to know:
Tokyo-listed Metaplanet announced on Wednesday that it had acquired 497 bitcoin (BTC), valued at $43.3 million, at an average price of $88,448, the company's CEO Simon Gerovich announced on X.
This brings its total BTC holdings to 2,888 BTC. The firm's total coin stash has an aggregate cost basis of 36.444 billion yen ($240 million), with an average purchase price of $83,172.
Metaplanet announced a similar bargain-hunting operation on Monday that saw the firm snap up 156 BTC, as the cryptocurrency's spot price fell back to $87,000, reversing the weekend's rise. As of writing, BTC changed hands at $87,200.
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Bitcoin Jumps to $99K as Spiking Coinbase Premium Points to Strong U.S. Buying
Spot BTC prices were at times $300 pricier on Coinbase relative to Binance, suggesting the rally may be driven by heavy demand from American investors.
Bilinmesi gerekenler:
- Bitcoin surged towards $100,000 on Wednesday's U.S. trading session, gaining 3.2% in the past 24 hours.
- The rally coincided with significant spot BTC price premium on Coinbase.
- Fed Chair Jerome Powell called bitcoin a competitor to gold during a panel discussion.
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