The company recently acquired another $6.9 million worth of Bitcoin, bringing its total holdings to 506.7 BTC, with an average DCA (dollar-cost averaging) price of $64,900 per coin.

Metaplanet, a publicly listed Japanese company, has reaffirmed its commitment to Bitcoin by spending 1 billion yen (around $6.9 million) to purchase more BTC.

Following this latest acquisition, the company now holds 506.7 BTC with an average DCA price of $64,900 per coin. The relatively high DCA price is due to Metaplanet starting its Bitcoin purchases in May of this year, when it announced plans to use Bitcoin as a reserve asset. Since then, the company has continued to accumulate BTC, even when the price remained above $50,000.

Currently, with Bitcoin trading around $63,700, Metaplanet’s investment is down by only 2%, highlighting the resilience of a well-implemented DCA strategy.

Metaplanet’s approach mirrors that of MicroStrategy, another company committed to Bitcoin despite experiencing losses for several years.

As of now, Michael Saylor’s company, MicroStrategy, has accumulated 252,220 BTC at an average price of $39,266 per coin, and its Bitcoin holdings are now seeing a profit of nearly 60%.

Alongside well-known entities like MicroStrategy, MARA, Tesla, and Tether, which regularly add to their Bitcoin reserves, more corporations and institutions such as OneMedNet, Boyaa Interactive, and Semler Scientific are beginning to see Bitcoin as a valuable investment tool.