Tokyo-based investment firm Metaplanet Inc. announced on Monday it has purchased an additional 619.7 Bitcoin, spending approximately $58.9 million at current market rates.

Japanese investment firm Metaplanet has made its largest-ever single Bitcoin purchase, scooping up nearly 620 Bitcoin as the cryptocurrency trades below $100,000. On Dec. 23, Metaplanet announced that it had scooped up 619.

Japanese investment firm Metaplanet made its largest Bitcoin purchase of 619.7 BTC worth $60 million, bringing its total holdings to 1,762 BTC valued at $168 million

Metaplanet, a publicly listed Japanese company has increased its Bitcoin holding by acquiring fresh 620 BTC worth $60.6 million. The

Tokyo-based Metaplanet Inc. purchased additional BTC, continuing Bitcoin Treasury Operations. The company made its largest-ever single Bitcoin purchase, acquiring 619.70 Bitcoins at an average price of 15,330,073 yen a piece and paid a total of 9.5 billion yen.

Japan’s Metaplanet announced the purchase of an additional 619.70 BTC on Monday, capitalising on the Bitcoin dip to the $95,000 level. The total estimated cost of the deal was around $60 million (around £47 million).

Metaplanet raises 9.5 billion yen to accelerate Bitcoin purchases. This acquisition positions Metaplanet as a key player in the market.