Metaplanet Acquires $61.4 Million in Bitcoin, Increasing Holdings

Metaplanet, a company led by President Simon Gerovich, has significantly expanded its bitcoin holdings through a recent acquisition, marking a strategic shift in the firm’s financial strategy. The investment is valued at $61.4 million and will see Metaplanet acquire approximately 518 bitcoins, reflecting their commitment to long-term Bitcoin accumulation. This move underscores Metaplanet’s focus on increasing its bitcoin per share and aligns with broader corporate trends of integrating cryptocurrency into treasury management for strategic diversification.