Metaplanet, a Tokyo-listed investment and operating company focused on bitcoin treasury management, bought another 4,279 bitcoin in the fourth quarter, spending a total of $451 million.
The purchase, at an average price of $105,412, took its total to 35,102 BTC, the fourth largest of any publicly traded company. It has a target of owning 210,000 BTC by the end of 2027.
Metaplanet has now spent some $3.78 billion, at an average purchase price of $107,607, according to the company’s dashboard. The company’s shares rose 8% this year, to close at $2.60. Still, they’re down 80% from the all-time high they touched in June.
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