MetaPlanet Buys $61 Million Worth of Bitcoin, Furthering Institutional Investment in Digital Assets

Japanese investment firm Metaplanet has made a significant move in the world of Bitcoin by acquiring an additional 518 bitcoins (BTC) worth approximately $61.4 million. This latest acquisition brings their total holdings to 18,113 BTC, positioning them as one of the largest Bitcoin-holding publicly traded companies globally. The company’s CEO, Simon Gerovich, highlighted the average purchase price for all their Bitcoin holdings at around $1.85 billion, with a typical price point of about $101,911 per bitcoin.