Metaplanet Acquires $104 Million in Bitcoin for Long-Term Growth Strategy

Investment firm Metaplanet, headquartered in Tokyo, has significantly increased its Bitcoin holdings through a major acquisition. The company purchased 1,004 Bitcoins, valued at approximately $104.3 million, bringing their total Bitcoin reserves to 7,800 coins with an average acquisition cost of around $91,300 per coin. This move underscores Metaplanet’s commitment to long-term Bitcoin investment and its ambitious plan to reach 10,000 Bitcoins by the end of 2025.