MicroStrategy and Metaplanet Continue Their BTC Buying Spree, Accumulating 5,881.7 BTC

In news that will shock absolutely no one, the big guys are scooping up Bitcoin again. Yes, MicroStrategy (MSTR) and its Japanese counterpart, Metaplanet, have continued their BTC buying spree, in a special Christmas edition.

MicroStrategy (NASDAQ:MSTR) and Metaplanet (TYO:9982) have continued their Bitcoin (CRYPTO: BTC) buying spree, with the former adding 5,262 BTC and the latter purchasing an additional 619.7 BTC.

MicroStrategy now holds 444,262 BTC, while Metaplanet's total Bitcoin holdings stand at 1,761.98 BTC.

Here's a breakdown of the recent purchases and what they mean for both companies.

MicroStrategy Drops $561 Million On More Bitcoin, now Owns 444,262 BTC

MicroStrategy announced on Monday that it had purchased an additional 5,262 BTC, bringing its total holdings to 444,262 BTC. The recent purchase was made at an average price of $106,662 per coin, for a total cost of $561 million.

This latest purchase comes as the price of BTC has dropped significantly from the all-time high of $139,000 that it reached in November. However, MicroStrategy CEO Michael Saylor has repeatedly said that he believes that Bitcoin is still undervalued and that it will continue to appreciate in the long term.

In a recent podcast appearance, Saylor stated that he believes that Bitcoin will grow “from 0.1% of the money in the world to 7% of the money in the world over the next 21 years.” This, according to Saylor, means that “you should just go long and keep buying it”, no matter the price.

Metaplanet Adds 619.7 BTC to Its Stash

The Tokyo Stock Exchange-traded company has just added another 619.7 Bitcoin valued at approx. ¥9.5 billion (AU$96.8 million).

Metaplanet now holds 1,761.98 BTC, bought at a total cost of ¥20.8 billion (AU$213 million) or ¥11,846,002 (AU$120,637) per BTC on average.