Metaplanet Doubles Down on Bitcoin Holdings: Strategic Push for 10,000 BTC

Japanese investment and hotel company Metaplanet is aggressively increasing its Bitcoin holdings to reach a target of 10,000 BTC by the end of this year. The company’s CEO, Simon Gerovich, is driving this strategy as part of a larger push to position Metaplanet as a major Bitcoin player. 145 BTC were recently purchased at approximately $93,327 per coin, boosting their total holdings to 5,000 BTC. This move signifies a significant shift in corporate treasury practices, with potential implications for market dynamics and regulatory frameworks.