Metaplanet Boosts Bitcoin Reserves with $12.8 Million Acquisition

Metaplanet has bolstered its Bitcoin holdings by acquiring 135 Bitcoin worth $12.8 million. This strategic investment increases the company’s total Bitcoin reserves to 2,235 BTC. The acquisition reflects Metaplanet’s long-term treasury strategy, focusing on Bitcoin as a core asset for its financial activities. Following the purchase, Metaplanet experienced an increase in stock price of over 3000%, signifying confidence in their Bitcoin investment strategy. This growth is attributed to both the company’s Bitcoin strategy and its expanding portfolio of financial activities.