Metaplanet Acquires $93 Million in Bitcoin for its Treasury

Metaplanet significantly bolsters its bitcoin holdings, purchasing an additional 775 BTC worth $93 million. This transaction follows the company’s successful Q2 earnings report and brings their total bitcoin reserves to a substantial 18,888 BTC, adding up to over $1.94 billion in value. According to Simon Gerovich, President of Metaplanet’s Bitcoin Treasury, these bitcoins were acquired at an average price of $120,006 per coin.