Metaplanet Achieves 50% of its Bitcoin Goal, Nearing $13 Million Mark

Japan-based Metaplanet has made substantial progress toward its goal of acquiring 10,000 Bitcoin. Recent acquisitions have propelled the company closer to this milestone, reaching 50% of its target holdings. The company’s latest purchase of 145 Bitcoin at a price of 13,280,472 yen has added to its total reserves, bringing them to 5,000 Bitcoins. This investment comes with an estimated cost of $13.47 million. Funding for this acquisition was generated from both operational revenue and capital market activities.