Purchase of 4,048 More Bitcoins at a Cost of $450 Million by the Strategy

In the world of digital assets, two companies, SharpLink and Metaplanet, have made significant moves to bolster their holdings.

On Tuesday, September 1, SharpLink, a company that has recently built a massive Ethereum fortune, announced its purchase of 39,008 ETH for an average price of $4,531. This purchase has pushed SharpLink's entire Ethereum stash to 837,230 ETH, and the current value of its Ethereum holdings stands at approximately $3.6 billion.

However, it's important to note that the total value of SharpLink's Ethereum holdings does not contribute to the combined total value of both companies' bitcoin holdings. SharpLink's Ethereum holdings are separate from the digital gold rush happening with MicroStrategy and Metaplanet.

MicroStrategy, a business intelligence company led by Michael Saylor, and Metaplanet, a Japanese-based company, both made bitcoin purchases on September 1. MicroStrategy acquired 4,048 BTC for $449.6 million, while Metaplanet bought 1,009 BTC for $112 million. The average price per bitcoin for the purchases made by both companies on September 1 was approximately $110,981 for MicroStrategy and $112,000 for Metaplanet.

As a result, the current value of the companies' combined bitcoin holdings is approximately $81.1 billion, given the current price of bitcoin at $110,000. Metaplanet's total bitcoin holdings now amount to 20,000 BTC, and the total value of its bitcoin holdings is approximately $1.12 billion.

Interestingly, SharpLink's purchase of Ethereum does not affect the average price per bitcoin for the purchases made by MicroStrategy and Metaplanet on September 1. Additionally, the purchase made by SharpLink does not affect the combined total value of both companies' bitcoin holdings of approximately $81.1 billion.

It's worth mentioning that another purchase of 4,048 BTC was made by an unidentified company on Thursday, September 7, but the costs incurred for this purchase are not mentioned in the provided search results.

The purchases were made with a strategic timing, as they were announced on Tuesday, September 1, due to the Labor Day holiday on September 3. This timing ensured minimal market disruption and allowed the companies to execute their digital asset strategies effectively.

In conclusion, while SharpLink has been making waves in the Ethereum market, the focus of MicroStrategy and Metaplanet continues to be on bitcoin. The digital asset landscape remains dynamic, with companies continually seeking to diversify and strengthen their digital holdings.