Metaplanet Soars 12% After $104 Million Bitcoin Acquisition

Tokyo-based investment firm Metaplanet bolstered its Bitcoin holdings by purchasing an additional 1,004 BTC, raising their total reserves to 7,800 BTC. This significant acquisition comes after the firm disclosed a purchase of $104 million worth of Bitcoin at an average price of $97,182 per coin on May 19th via a regulatory filing. The move adds approximately $712.5 million to Metaplanet’s Bitcoin portfolio.