Japanese Bitcoin Treasury Firm Metaplanet Acquires 775 BTC for $93 Million

Metaplanet, a Japanese bitcoin treasury firm, has recently purchased 775 bitcoins (BTC) worth approximately $93 million, demonstrating continued bullish market sentiment despite recent price fluctuations. President Simon Gerovich announced the latest acquisition on X (formerly Twitter), stating that the company acquired the additional BTC at an average price of $120,006 per coin. This brings Metaplanet’s total Bitcoin holdings to 18,888 BTC, totaling $1.94 billion, as they continue their aggressive accumulation strategy.