Metaplanet Buys $12.9 Million Worth of Bitcoin, Increasing Holdings to 2,235 BTC

Japanese investment firm Metaplanet has taken another step in its bitcoin accumulation strategy by purchasing an additional $12.9 million worth of the cryptocurrency. The company announced on Tuesday that it acquired 135 bitcoins at an average price of 14.3 million yen ($95,951) per coin, totaling 1.9 billion yen ($12.9 million). This purchase brings Metaplanet’s total bitcoin holdings to 2,235 BTC, up from 1,761 BTC at the end of last year and 141 BTC at the end of June 2024.