Metaplanet buys 2,823 BTC, surpasses 43,000 in Bitcoin holdings

Metaplanet bought 2,823 Bitcoin during the second quarter, reducing its average acquisition cost to $106,500 per BTC, and reported $10.9 million in revenue from its income generation strategy.

Japanese investment company Metaplanet acquired 2,823 Bitcoin during the second quarter at a price below its average purchase price, as its holdings surpassed 43,000 BTC.

The company acquired its latest trove at an average price of about 12.71 million yen ($88,300), reducing its average acquisition cost to about $106,500 per BTC from $107,700, according to a Thursday announcement.

Metaplanet now holds 43,000 Bitcoin acquired for about $4.5 billion. It also reported about $10.95 million in revenue from its Bitcoin income generation strategy in the quarter, which earns premiums by selling cash-secured options and employing other Bitcoin-related yield strategies.