Metaplanet Acquires Another 518 BTC, Expanding Bitcoin Holdings to $1.85 Billion

Japanese investment firm Metaplanet has increased its Bitcoin holdings by acquiring an additional 518 BTC for approximately $61.4 million. This transaction brings their total Bitcoin reserves to 18,113 BTC, totaling $1.85 billion at an average price of $101,911 per coin. The firm’s CEO, Simon Gerovich, announced the purchase on August 12th via X (formerly Twitter). Details about the latest transaction reveal that Metaplanet purchased the Bitcoin at an average cost of $118,519 per coin.